Money Magazine ( Money logs )

Your money and your finance need your intelligence to stay afloat. You need to be super careful with your finances from very early on in your life. Finances, they say needs to be handled with care just as you care for your loved ones. After all it is a materialistic world. It is however seen over decades that there can be some very basic mistakes that people make when it comes to handling their finances. Below are enlisted the six fearful and catastrophic financial mistakes that you can make Did not save money when you were in your prime : Yes, you have been bright and life has been kind to you. You have had the most fantastic time building your career and things have been working just fine for you. When the going is good, we tend not to think about saving for the rainy day. This could be a fatal mistake from your end. Just when the tables may turn for you, it is very difficult to predict. Hence, be prudent about your savings.

Oh shit money is nothing but emergency fund which is very resourceful when you are stuck in Oh Shit Situation. Let’s call it Oh Shit Kitty. An Oh Shit Kitty is an easily accessible stash of money for use only in case of oh shit situation. It is not to be used to buy a new car. It is not to be used to buy a new PlayStation. It is not to be used to remodel your bathroom. It is for use only in case of emergency.

Getting Rid Of Student Loan First things first: If you have student loans, you aren't doing yourself any favors by waiting to see if your lender notices you've graduated. Some loans have what's called a "grace period," or a year gap after you're finished with your education, ostensibly to allow you to set up an income. The thing about grace periods, though, is that interest continues to accumulate - so if you can start making payments immediately, it can ultimately save you money.