Put money aside for emergency purpose: as the saying goes" make hay whiles the sun shines". Let prepare for unforeseen circumstances so that will not find ourselves in a hot soup, when we have the power now to do the needful.Pay yourself: This may be essential to entrepreneurs that's those who operate their own business and in charge of the day to day activities of their work. This may be difficult especially when the business is not well to do but it's the only way to go. Paying yourself will prevent you from spending your principal capital. You pay yourself from the profit and save few percentage of it. Savings and investments should be done through trusted financial institutions.*Avoid impulse buying* : an impulse buying has to do with anytime you purchase something you didn't plan to.
