Vijaya Dashami: The festival of Vijayadashami is celebrated every year on the 10th day of Shukla Paksha of Ashwin month. On this day, Shri Ram killed Ravana, which marks the celebration of good over evil. This victory of Shri Ram is celebrated every year as Vijay Dashami on Dashami Tithi. This festival is also known as Dussehra. This festival of victory of good over evil also gives the message to every person to remove all the evils within himself. Today, on the occasion of Dussehra, we will tell you about 10 such habits due to which people often have to face many financial problems. If a person improves these habits, he will never have to face financial crisis in adverse circumstances.
Not saving money
Many people have a habit that no matter how much money they earn, they are not able to save money.
But to secure their future, everyone must save from their earnings.
You should develop this habit right from your first earning.
For savings, the financial rule of 50:30:20 should be adopted and everyone should save at least 20 per cent.
On this Dussehra, say goodbye forever to the habit of not saving.
Not to invest
Saving money is not enough.
Chanakya has said that if the saved money is not invested, it gets destroyed with time.
Money should be saved and invested.
Only invested money can grow rapidly and create huge wealth.
If you earn a lot of money but do not invest it, this can also be a problem for you.
Therefore, if you have not started investing yet, then resolve to start from today.
Not creating a budget
Many people just spend money without thinking and do not make a monthly budget.
But if you want to save money, making a budget is very important.
With this, you can control your excessive expenditure.
You will know where and how much to spend.
Spend more than income
If you are not able to stop the habit of spending more than your income, then will be very difficult for you if you come across a financial crisis.
Therefore, spend less than your earnings.
Investing without knowledge
Investing is a good thing, but if you invest money anywhere after listening to some random advice, you can also suffer huge losses.
Therefore, wherever you invest, get complete information about that investment.
Find out how and how much benefit you will get on your investment. Then invest the amount.
Not buying a life insurance policy
Life insurance is very important for everyone because we never know when and to whom something unfortunate might happen in life.
Therefore, not taking life insurance may put your family in trouble in the future.
Take life insurance in time and protect your family.
Not planning for retirement
When you are healthy and young, you have energy to earn money, but when you grow old and weak, you have to rely on the savings you have made in your young life.
But if you are saving money for your future when you are young, your post-retirement life can be a harrowing experience.
Therefore, if you have not done retirement planning, start it now so that you do not have to face financial crisis after retirement.
Habit of taking loan
Keep your expenses limited but do not make a habit of borrowing money from anyone.
Borrowing can become a big problem for you.
Such a person is unlikely to prosper financially.
If you want to borrow for the purchase of any land or house, then you can avail the facility of home loan from the bank.
But take loan only as much as you can easily repay.
The habit of betting in order to earn money quickly can be fatal for you.
To accumulate money, you work hard and invest in the right places.
If you do not know about investing, then take advice from a financial expert.
But give up habits like betting or gambling immediately.
Not getting health insurance
After the COVID-19 pandemic, everyone has understood how important health insurance is to deal with any disease or accident.
With the help of health policy, hospital and treatment expenses are saved.
Due to this, your savings are not affected in case of trouble.
So, always take a good health insurance plan.