How not to lose money

When it comes to looking after your money and making the most of what you've got, there are all sorts of manners in which you can use your money. Some of these will be beneficial in terms of making the most of what you have. However, some will not be so clever.

How do you know what is a good way to use your money and what is not?

Well, the fact is that some methods are quite common sense but many people do not observe them.

One is the lottery - this has been variously described in various manners but one of them is memorable and it is as being a tax on those who don't understand maths!

The fact is that if you do the lottery you are almost certainly throwing money away - so don't do it.

There are other ways in which you can lose lots of money easily, for instance gambling or betting of any sort. So don't do that either.

If you avoid these sorts of ways of taking a lucky punt with your money you are halfway there to making the most of your money.

The bottom line - be careful and sensible with your money. Don't trust on pure chance when it comes to using and investing your money but stick to sound and financially based decisions.