If You Don’t Take Control of Your Money, Someone Else Will.
It’s easy to get distracted from thinking about money or personal finances. Money is greed. Money is boring. The money is being sold. The problem is that there are many organizations that rely on this mindset to take advantage of the consumer. And if you don’t take control of your finances, they’ll be happy about it.
We’ve already told you about debt traps , but in a nutshell, these are services that rely on your financial ignorance and neglect to profit from your bad decisions. Before you know it, you are stuck in a payday loan scheme with an interest rate of 400%. Yes, 400% .
This is not always easy to deal with, but it all starts with control and knowledge. Of course, there are much more serious problems here. It is also linked to poverty, financial literacy and consumer protection. However, these more serious problems still point to the importance of regaining control and learning how to manage your finances.
Money can seem boring or intimidating, and it’s much easier to dismiss it as unimportant and greedy, and so many organizations thrive on consumers who do just that. Best idea? Don’t be afraid to look under the hood and see what you are dealing with.