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15 December 2007

A Yuppie Advise: Mismanaged Finance Indicator

A well organized life includes managing your finances well. I have observe that some young professionals have the tendency to squander what they earned on their first job. Understandably, if you have spent 5 years of your young life in college, study your ass-off, then finally you landed on a good paying job, it is but proper to enjoy the fruit of your labor. Agree. However, this should not be to the detriment of your finances and your credit rating.

Here are some kernels of yuppie advices:
  • Learn to value every single cent you earned.
  • Save for unexpected emergencies. As they say, “save for the rainy days.” So that, you do not have to run into bad credit loans.
  • Should you are caught in a financial crunch; make a loan but compare offers first. Do not just fill-out the first credit card or loan application that you received without checking the TOS and the interest rates in particular.
  • Be wise. Protect your credit rating, because a poor or bad rating is an indicator of a mismanaged personal finance.

4 comments:

Alivewithpassion said...

Great Blog,Ronnie.
Thanks for your meaningful comment!

Ronnie Ferez said...

Thank you too for dropping by ^^<

Cheers!

Jasa said...

Cant say it any better. People nowadays dont give a damn about their credit reputation, affecting not only themselves but potentially a whole market like how we're seeing the US crisis atm. Anyway, nice one ;)

Ronnie Ferez said...

true. that's a perceptive observation jasa.

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