A review of how late payment of loans can be detrimental to your financial health, and how saving before spending can be beneficial to your finance and networth in the long run.
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I always advice people to stay away from loan apps. They are not healthy to ones finance at all.
Sometimes those loan apps really help in times of needs, but overdependence on loan apps can be detrimental.
Everybody is guilty of spending before saving. It's impossible to curb that in anyway.
My salary finishes before I even receive it. Does this mean I have a bad saving habit? Wow.
I'm not a fan of taking loans. But when I do, I make sure to repay before the due date to avoid embarrassment and unnecessary drama from all those loan apps.
Don't we all spend that way. Lol. It's an everybody thing.
Pay early and avoid having to pay more. It's a consequence.
Saving before spending can be very theoretical at times because it's not very easy to say than to do. It's a very good approach to financial responsibility to a degree, but our unending needs will not allow it to be possible.
Yes, it seems easier said than done, but with discipline, one can attain the ability to save before spending. It's all about separating our wants from our needs.