Saving and Investing : Where to start?

Most of us would like to be financially succesful. That is actually the main reason why we work hard, at times we even work beyond the traditional 8-hour shift.Others may even do business in between.But still, the moment you receive your pay check, it just slips through your hands and you ask yourself where did my hard-earned money
go? If you can relate to this, then you are one of those people who tend to mismanage their finances.I know you want to get over this dilemma and want to start enjoying every single cent that you work hard for.

Let me share you the 10 commandments for personal finance 
management:


I.  Thou Shalt Take Action
II.  Thou Shalt Pay Off All Credit Card Debt
III.  Thou Shalt Understand the Difference Between WANTS and NEEDS
IV.  Thou Shalt Live on Less Than You Earn
V.  Thou Shalt Pay Yourself First
VI.  Thou Shalt Set Financial Goals
VII.  Thou Shalt Educate Yourself and Be Responsible for Your Decision
VIII. Thou Shalt Save and Invest
IX.  Thou Shalt Protect Your Finances
X.  Thou Shalt Donate to Worthy Causes and Those Less Fortunate


Just to summarize this, Here are the basic steps you MUST start doing now.It is never 
too late:

        > Stop borrowing money for bad debt, meaning money that would not generate income   like you borrowed money to purchase unnecessary stuff.

        > Do not spend more than you can afford. Your formula should be income less savings = expenses. You should always put aside an amount for savings

        >If there is really a need to purchase something, look for a store first where you 
can purchase it at a cheaper price.

        >If you own a credit card, do not bring it all the time especially if you will be going to a mall.At times we tend to be impulsive.

        >If you already have savings, do not put all your money in the bank. You have to invest it or put up a business.

        >Make use of your God-given talent and monetize it.For instance, you are good in drawing, then make it as a money machine to generate income or think of a  business out of it. 

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