Don't borrow to your limits -
Lenders can be overzealous. Give yourself a bit of a buffer to cater for interest rate rises & unexpected costs
Prepare and follow your budget -
Well done if you set a family budget but you need to enforce it as well. Don’t get slack and relent to the pleas of your kids... or your partner!
Live to your means -
Living like a king on a pauper’s income is a sure recipe to disaster.
Don't keep up with the Joneses -
Just because your next door neighbours has the latest & greatest gizmo doesn’t mean that you must have it. If you can’t afford it then don’t get it. Be disciplined!
Cut up the credit card -
It's too easy to fall back on easy credit when you are short on funds. Learn to save for life's luxuries.
Pay off the loans with the highest interest first -
There's no point in paying extra off a home loan at 9% if you are not reducing the 24% credit card bill.