Planning before having the money is really good so you won't end up spending more than ur income and also trying to investing the money so before you spend the little you have, ur investment will provide more income for you.
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I think that what you have sent you a very important. Many of the younger generation feel that if they don't have control over their finances at an early point or if they are burning through their finances rather fast, that this is likely to continue into the future as well. For some this can be a major cause for concern. However, the only way that we learn to be good with money and to manage our finances is through trial and error and learning from our mistakes. As you said you were only able to accomplish this in your middle ages and therefore it is important to give ourselves time in order to acquire the self-discipline needed to be good with money.I can say that I am good with money only when I reached middle age. My finances was usually in a mess although I could cope with the debts. But now I have a nice slate on my ledger that my savings are growing and my expenses are steady. Especially in this pandemic era expenses got lower that I always have an excess from the allocated budget for our home. I just hope that there will be no emergency expense that will ruin my finances.
As far as I know having money is very good but investing the money in order to help make more money for you is greater. So, as much as I'm very good at saving money, I love investing more to earn more money. I do have small savings here and there but it's not a priority for me.So, how are you guys with money? Do you spend it whenever you want something or are you capable of saving it?
I'm not really good at keeping money except I have a business investment I can put that money to use else I'll spend it. it's always advisable to invest rather than keeping money. by investing you will end up multiplying the money.So, how are you guys with money? Do you spend it whenever you want something or are you capable of saving it?
It's never advisable to just save money at leave it in your bank account, because it never does you any good but rather the banks are the one who benefits from your saved money as they keep charging you fees for saving money for you.I'm not really good at keeping money except I have a business investment I can put that money to use else I'll spend it. it's always advisable to invest rather than keeping money. by investing you will end up multiplying the money.
If you are foolish with your money, then the money is also with you, and if you spend your money useless things then you can never succeed in your life And i save 40 percent money from every salary.So, how are you guys with money? Do you spend it whenever you want something or are you capable of saving it?
At present I have the amount of money which can only be used for my daily needs. So I don't save money. For a student in developing countries this is the strategy. He just have daily life spending bugdet.So, how are you guys with money? Do you spend it whenever you want something or are you capable of saving it?
I want to think I am capable of saving every dime I make than spending it. Making money is very hard especially if the resources to make the money is not really at one's disposal at times. But I know I am a good money saver.So, how are you guys with money? Do you spend it whenever you want something or are you capable of saving it?
No one eats money like grass the way a goat eats it but it's meant to be used for one expense or another. It is also used for increasing one's investment and get wealthier by the day for those who knew the importance of having investment. It's only the silly ones that waste their hard earned money on frivolities and later beg for help on the long run.Money is meant to be spent, but if not careful you would become a waste . I love using my money to help those in needy around me, i often go to the orphanage get them stuffs as a way of giving to humanity. I also spend my money on clothes, looking good for me is good business.