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Hoe to manage money?

Ernestnari

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May 13, 2022
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Money management is an important aspect of our lives. Money management is the process of budgeting, saving, investing, spending or otherwise overseeing the capital usage of an individual or group.
 
It is good to manage our earnings wisely. First, save some in the bank, then invest the remaining amount. You should also set aside some for home uses like food and bills. There is a need to-do list of the expenses and payments for bills.
 
We need to learn about it and all this comes with time. If we don't know how to manage our money then we may just stick with earning and spending so our future will remain insecure
 
We need to learn about it and all this comes with time. If we don't know how to manage our money then we may just stick with earning and spending so our future will remain insecure

I manage my money by calculating and evaluating my daily expenses. This may help many people as tracing the expenses is the key to control them.
 
It's good to keep track of our expenses and also payments that we need to make because if not then we will be facing issues all the time and we will be in debt
 
It's good to keep track of our expenses and also payments that we need to make because if not then we will be facing issues all the time and we will be in debt

Ever since i have started to keep a record of my finances, I have managed to control my finances as well and this is a great thing.
 
Managing money is not easy because there is always a temptation. We tend to divert our money to other things and regret later. The best way is to save your money in the bank or have the right investment so that your money will not disappear but multiply.
 
At first, I don't have idea how to manage my money from my salary. I love shopping every weekend. But when I started to invest, I realized that it's not good to be extravagant. I spent more than I save. This time I'm afraid to spend some pesos. I save more this time than spend.
 
At first, I don't have idea how to manage my money from my salary. I love shopping every weekend. But when I started to invest, I realized that it's not good to be extravagant. I spent more than I save. This time I'm afraid to spend some pesos. I save more this time than spend.

There are many people who hire money managers in order to get their funds managed. However, I prefer to manage my money on my own.
 
@Residualearner , we can manage our money by saving it in the bank, and then once it is enough to use it for investment, that is the time to materialize your dreams. We can manage our money by living in thriftiness, not extravagance. Our money will disappear like smoke.
 
IN order to mange your money, you need cash flow management skills. You will also be required to make your monthly budget
 
I would like to invest my money and use my savings in stocks as its a more regulated way if we compare it with crypto or forex
 
We need to learn about it and all this comes with time. If we don't know how to manage our money then we may just stick with earning and spending so our future will remain insecure
I also learnt. I was not born with it. I just had to learn especially when things were getting expensive.
 
Its better to have good control over our money because if not then we may go into impulsive buying as money just cannot control the feeling that they have more cash available thnn before
 

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