Well in today’s world where the concept of job security especially in the public sector is fast becoming a utopian myth, one cannot afford to be careless with one’s finances, and work towards financial security in any manner in which he can. As because you never know till how long will be having a fixed flow of income it always wise on your part to keep away a quantum portion of your fixed salary in savings account, and of course start staying with in your means and refrain from taking unnecessary loans.
Saving money is the order of the day and you cannot afford to misallocate any of the resources that you have today, as you never know if you will have them tomorrow. You can save money in many ways, and the obvious step is to reduce your credit card usage.
Keep only one or two credits cards with yourself and get done with rest, while pay unnecessary interest money while it does get you any extra benefit utility wise. Keep only that credit card which has the lowest credit limit and the ones which charge you the lowest interest rates. Secondly, when you take loan try to insure it by buying a proper PPI refund scheme. And also do read the offer document of the PPI compensation plan carefully and understand al the stipulated terms and conditions written there, and go for the one that suits you the best, and which can bail you out in the troubled times.
