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Money management

Make the money save most of it and spend wisely then because if you spend the money lavishly you will end up having your save box
Money management is the process of expense tracking, investing,budgeting,banking and evaluating taxes of one's money which is money investment or money management.is a strategic technique to make money yield the highest interest-output value for any amount spent .
 
One of the most grevious mistakes made by business owners use the fact that they enjoy a successful business without proper spending. As the money comes in, they kept spending and their spending is not on assets but liability.
 
Money management can be very hard to do but if you are disciplined it's possible. Avoid unnecessary expenses, avoid taking loans you can't pay. Take record of every income and expenses made in the business.
 
This is one of the greatest topic ever posted here. The reason is because man can not survive without money. Life is money and vice versa. Money management requires a matured mind. This includes investment, savings, crowd funding, cooperative society and other ways of maintaining money.
 
Money management is very pivotal in all that we do in life because when money is mismanaged there is always a time when you will suffer for the wastage of that fund.
It is of a necessity that you make good advantage of money management In other not to go in recession.
 
In order to be a successful individual or a business owner money management is an important factor, in your opinion what is the biggest mistake that people do when managing their financial life? I think its over spending in a short amount of time? what do you think?
Very accurate, overspending is a way to squander money in a very quick way. Most people often overspend just so they can oppress or please people who don't even care about them. Lack of savings too can lead to mismanagement of money.
 
In order to be a successful individual or a business owner money management is an important factor, in your opinion what is the biggest mistake that people do when managing their financial life? I think its over spending in a short amount of time? what do you think?
Money management refers to the processes of budgeting, saving, investing, spending, or otherwise overseeing the capital usage of an individual or group. ... Money management can also refer more narrowly to "investment management" and "portfolio management."
 
Money management is one of the key factors in business development and strategy. As a strategic person in business, how to manage money is one of the key factors in business development. Because increase and enlargement depends on it. It is also learnable from the experts.
 
The most mistake do by people is spending too much on your house
When it comes to buying a house, bigger is not necessarily better. Unless you have a large family, choosing a 6,000-square-foot home will only mean more expensive taxes, maintenance, and utilities. Do you really want to put such a significant, long-term dent in your monthly budget?
 
Concerning this topic, I would say that a lot of people don't invest their time into getting financial education. You can get financial education by reading financial books, attending financial seminars. Ithink the most mistake people do is living beyond there means and carelessly getting into debt, you should live within your means and strive to increase your means..
 
Money management refers to the processes of budgeting, saving, investing, spending, or otherwise overseeing the capital usage of an individual or group. Money management can also refer more narrowly to "investment management" and "portfolio management.
 
Money management is really important for your financial health. The biggest mistake that people make is taking loans for the sake of buying luxury stuff. Then they don't have a plan on how to pay it back. I have made this mistake before and I never want to go back there. It really paralizes your need to be financially stable.
 
Well for me I would say being extravagant, trying to live above your means. You should learn the habit of saving, just because you started a business and your making profit does not mean you should just start spending anyhow, you need to have a good saving habit because you must not own everything someone has or because something is trending, wait until you've made enough money and you have what is called careless money then you can tackle all those irrelevant expenses.
 
One of the most common reasons for a problem in finances is the lack of monitoring the balance - that is either cash on hand or cash in bank - that is the cash flow. When the pocket dries up that means you have neglected the health of your finances that you may have overspent. Excessive purchases can ruin the cash balance.
 
I think the most mistake people do is living beyond there means and carelessly getting into debt, you should live within your means and strive to increase your means. Anything you know fully well you cannot afford should not bother you.
 
Managing money is not that difficult as it seems. It does require a lot of patience but financial fitness is as important as physical fitness. It is the art of utilizing your present money for your future plans. The habit of spending too much will act as a hindrance to money management...
 
In order to be a successful individual or a business owner money management is an important factor, in your opinion what is the biggest mistake that people do when managing their financial life? I think its over spending in a short amount of time? what do you think?
I think money management is very important for living in this world if you and manage your money then you suffer from many peoples in future and it not good if you doing a job or business if you use all money before your pay then it makes you get money as loan for suffering life.
 
Money management is the process of tracking expenses, investing, budgeting, banking and estimating one's money taxes, also called investment management. Money management is a strategic technique that generates the highest interest rate for any amount of money spent
 
If it is true, the individual or company that wishes to become successful must have an excellent money management, and the biggest mistake is to spend it unconsciously. By not knowing or being able to control those impulsive expenses, the option to save is limited and therefore the future of success is unlikely.
 
The most mistake most new busineses make in the area of finance,is lack of future plan on where finance needs to go into when it comes,personal spending should be curtailed.And when the bulk money(capital +profit) the capital and some part of the profit should be reinvested back.
 

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