5 Things Not To Do When You Get Paid

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For every salary earner, you will agree with me that one of the best days in a whole month is not either Friday, Saturday or Sunday.

Though those days of the week are what the majority of workers look forward to but the best day is pay day.

This is when you get to receive the amount you have agreed with your employer.

Depending on your career path, pay day can either be on a daily, weekly, or monthly bases.

So now it’s the end of the month and you just received an alert from your bank and you are excited that you have got enough money to spend.

But please wait and listen to what I have to say.

There are a lot of people that have been caught in what is called the “Rat Race” where they keep running in a circle and all they do is spend as they receive.

As a young man with not family yet the first thing that comes to mind when I first receive my salary would be to get those things I have been craving for.

This might be clothes, shoes, gadgets and so on.

Where it really dawned on me was when I sat down to evaluate my finances during December, 2018 and I found out that I had no savings at all.

A lot of salary earners just like me can relate to this story

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Since the world is full of uncertainty and no one is guaranteed of their job it is wise you get your finances in order now before you end up regretting in the future.

Here are 5 things not to do when you get paid.

Don’t Announce To Everybody That You Just Got Paid

There are a lot of people who just can’t keep it to themselves when they get paid; they want the whole world to know.

Don’t be that kind of person.

I see a lot of people posting pictures on Instagram and Facebook showing off either the alert they received or holding cash in their hands.

The truth is you are not fooling anybody all you are doing is just to attract friends that just want to help you spend that money.

Don’t Use It For Betting

This has become the in-thing for majority of young people; they always want to double the money they have.

And since betting and Ponzi schemes provide the platform for money doubling they put their money there.

You here a story of someone who used all he had to bet and made millions of Naira at the end.

And you are thinking “hmm if he can do it I can also do it”.

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The truth is betting does not work for everybody and it would be an unwise decision to work a whole month to get paid and end up using it for betting.

Do you know that the chances of you winning when you bet is very slim

Don’t Buy Everything You See

The third thing you shouldn’t do when you get paid is to purchase everything you see or you desire.

There are certain things that you need which include food, clothing and shelter and there are also things you want which may not be necessary.

You have got to be able to separate your needs from your wants and focus on those things that are important.

Most times, when I come back from the market and I start checking everything I bought I eventually find out that most of the things I bought where not really need.

Don’t Be A Bad Spender

There are a lot of people who when they just get paid that’s the time they remember they want to buy that shoe that cost ₦ 25,000 or take that girl out that they have the eyeing and spoil her.

Yes, it is nice to have the good things of life but only I repeat only if you can afford it.

If you send more than how you make money, you will always keep running into debts. 

When you start doing all these, you will find out that you are always broke and always waiting to receive salary.

You don’t have to purchase that new phone that just came out or regularly visit the eatery.

Don’t Invest In Whatever You Don’t Know

Even though you have an idea to invest your money, that should not mean you invest in everything that comes your way.

There are lots of investment opportunities we see all around us on a daily bases but not every one of them is ideal for us.

Whatever investment you decide to put your money into, you have got to have a basic knowledge about it before putting your hard earned money.

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Since investment tends to be a long time process, you have to know all the Pros and Cons.

This will enable you to pick the right plan and adjust your lifestyle so it does not affect you.

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