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Making use of money can be done in two different ways and that can be Wisely or foolishly.
The wiser you plan your money, the farther you move from poverty or brokenness.
Spending money on the right things and at the right time matters alot. Below I will be putting you through something you should never do with money if you must keep your financial bouyancy.

Let’s get started!

1. Don’t Spend It
Today, spending money is very easy. Online, in our malls, even in our local markets, it is getting easier to spend. The only thing you need is to have an ATM card, the rest will be history.
We are awash with ads online urging us that we are a click away to everything we ever wanted.
Retailers have figured out ways to make us spend more money. They have managed to convince us through store designs and decorations.
Now spending is no longer a way of satisfying our needs but it has also become a way of having fun.
Shopping is the fancy word for it.
Even the banks that traditionally should protect your savings now urges you to take that magical vacation you deserve.
All these means that we have all possible reasons to spend every penny that comes into our pocket.
When you listen to them and spend that way, soon your landlord will start knocking on your door because you can’t even pay your rent.
There is no point of saving money and then spending it again without that savings making any meaningful impact to your bank.
You should have a plan for saving and chief of those plans must be to bring in more money.
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2. Don’t Loan it out
Stories of banks are legendary. It not hard these days to find families that have lost properties to banks because they could not pay back what they borrowed from these banks.
And it is not hard to find people that have a thing or two for banks because of lost properties.
Money matters are always emotionally charged and if you were put in the shoes of these bankers, you might do worse.
It doesn’t mean that you are a bad person. You are not. Just that sometimes, in those moments it feels as if the money is haunting you.
You will go to bed at night and wonder how on earth you are going to let all that money go. Then when you wake up in the morning, you are charged to get your money back by all means. Especially when you think of what the money can do for you.
You are not a professional that at least gets something when he doesn’t get his money back. So don’t lend your savings out.
There is always a chance that you might not get it back.
Yes, they are family, they are friends, they are friends of a friend. But you don’t know their ability to pay you back. So don’t take the risk.
Think of why you started the savings in the first place and be true to it.

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