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Avoid Financial Mess-ups With These Top Tips


Finance is a tricky business at the best of times, let alone with those huge, life-changing decisions. It’s enough to make the sweat trail off your brow, checking your bank balance after a bad investment that’s spun you ever closer to your overdraft limit.

Watching a failed financial decision is like seeing a boulder heading straight for you – the impact is inevitable and, ultimately, devastating.

So, don’t go diving into financial freefall every time you make an investment. Instead, make wise monetary decisions from the off.

Use some of these finance-friendly tips and you’ll find that bankruptcy-shaped boulder won’t come careering towards you.

Plan for your death

It’s not a pleasant thought, but your death is inevitable. The price of a funeral is rising year-on-year with inflation, costing more than £6000 in 2022, according to the leading funeral plan providers Golden Charter.

It’s why exploring funeral plans is a wise move to save you and your family money upon your passing. Inflation is frozen with a plan, meaning that, with few monthly payments, you won’t be paying huge sums when the inevitable arrives.

Get a credit card – then never use it

The temptation to splash out on a credit card is something almost everyone’s felt at some point in their lives. At the time, when you’re after big purchase or a luxury holiday, a little bit of what feels like free money can be tempting. But, bear in mind the consequences of debt if you can’t pay it back.

That’s not to say that a credit card can’t be helpful – if you take one out and make affordable payments, your credit rating will be raised. In essence, a well-maintained credit card proves that you’re a responsible spender.

So, the advice is this – get a credit card and use it as infrequently as possible, making it easier to take out a loan when you need it.

Make a “finance plan”

If you’re an organised type then plans are great. You can schedule your day, your meals and, best of all, get a rounded view of your finances. With a long-term finance plan, you can find out where your cash is being wasted and remedy any pointless outgoings.

More than this, try getting all your major outgoings out of the way on payday. That way, you’ll be left with a definite sum of cash left over to treat yourself with. The real perk of a finance plan is that you always know where all your money is going, taking the mystery out of your cash flow.



My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.

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