Debt Reduction

7 ways People Lose money

                  . . . And How To Avoid Them

Losing money has said to affect the brain and its activities, putting man into worry and anxiety. And we human beings tend to engage our selves with
Activities that cause or can cause loss of money.
Do you know that when you lose money, your debt tend to increase and bank accounts keeps on getting down.


British scientist have discovered that losing money or even anticipating such loss, stimulates apart of the brain called the striatum, Circuit involved in processing fear and pain.
There are many ways people lose money, but these few ones are selected and they are as follows;


Making Unnecessary phone calls
An unnecessary phone call is a call made when you do not need to make the call. Examples are the calls you make when you will be seeing the person soon.
Solution: Consider your phone calls before you make them


Wrong Life style
If you smoke, take alcohol or womanize, it will lead you to poverty and you will lose a lot of money.
Solution: Starting living a meaningful life, stop smoking, been a drunkard or womanizing.


Ignorance
Do you know that when you live of ignorance you will be striped of your money? Learn to be wide in knowledge; don’t be ignorant of so many things.
Solution: Read books and attend seminars


Overspending at Ceremonies
Some part of Yoruba land in Nigeria normally buy as much as cloths for a particular party or ceremony. In fact some people borrow for wedding! Trying to show extravagancies or going to borrow money from the bank, with the intention to pay back from the party’s yield.
Solution: Refuse to live a show-glass life.


Carrying your credit or Debit card every where you Go.
If you carry your Credit or Debit card and Check book about. It could lead to spending money regularly, even when you don’t need to spend money
Solution: Do not carry your Credit/Debit card or Check book around.