When it comes to money, everyone should be brave enough to use it wisely. It's one of the things that are hard to find in plenty but when found, happens roams allover the face.
Avoid or limit spending your money on these 5 things;
1. Lottery tickets
Lottery gives you no real expectation of winning. It isn't a good idea to waste your hard earned money on things not worth your time and efforts.
Spending huge amounts of stakes on betting deals your finances huge blow.
2. Fast foods
They are sweet, tasty and really tempting to buy especially when you have some money.
The truth is they are expensive and will only make your money vanish. Save your money by doing this once in a while or avoiding them.
Aside from killing you financially, this type of behavior expresses your level of immaturity as far as managing finances is concerned.
There are a lot of things you'd do with the money instead of buying a lot of drinks to impress your friends.
4. Avoid transcation charges
You have no idea how much your financial transaction costs can add up to in a month.
If you have cash, avoid paying via M-Pesa through channels that will charge you some fee especially if you frequently make such payments. For banks, learn to withdraw via ATM to avoid high transaction costs at the counter.
5. Never loan money to friends and family you can't trust
When it comes to loaning money, family and friendship should have borders.
Loan any person you know will give it back. It is hard to say No to a family member or friend asking for help but only say Yes to those you trust.