Many of us have learnt lessons about money – sometimes the hard way – that helped us budget more carefully or get onto a better financial footing. We asked some celebs and two financial experts to share the lessons they’ve learnt and the best advice they’ve received.
Growing up, my parents made a lot of financial sacrifices and I realised early on how important it is to plan your finances. I made a choice to be really good with saving and I took out my first investment when I was just 20 years old. I’d rather skip spending money and save. For instance, every year I increase my savings and then I try to live the rest of the month on only half of what I’ve earned. You have to make sacrifices, but you reap the rewards.
Also, I only buy things I can afford. I had my first car for 10 years and only bought a new one when I could afford it. During those 10 years many of my friends got new cars, but it’s very important to live within your means.