What personal finance tips do you have?

[greenie]

Personal finance is the way toward arranging and overseeing individual monetary exercises, for example, pay age, spending, saving, contributing, and security. The way toward dealing with one's individual accounting records can be summed up in a spending plan or monetary arrangement. This guide will break down the most widely recognized and significant parts of individual monetary administration.

 

[kayode10]

Your expense should never be greater than your income otherwise you are going to have a problem. You must not borrow to consume. Your money should also go into acquiring assets that is something that will bring in more money for you.

 

[Laurentta]

One financial tip i've learnt is that a business owner ought to be able to cut cost. A business owner should trt to limit unnnecessary spending, he or she should first of all look for other alternatives.

 

[GoldenLady]

My best personal finance to is to live within one's means. This is one of the major problem I see people facing, such that no amount of money is ever enough to solve their problems.

 

[Heatman]

From experience do not spend money frivolously, spend within your means. Before investing in a business try to carry out proper research to be sure of your investment. When buying a car buy what you can afford lastly don't borrow to survive.

Whenever you spend your money on things that are not important you will always be in a situation whereby you will be needing money for something that is important and you will have no money for it.

 

[CeeJase]

one of the best financial advice I have been following and I'm always discipline myself and is that no matter how little my financial earning is as should always try as much as possible to invest or save at least 30% of my overall monthly earning . That is what I will do

I have always come to realise how important it is to make a spending budget because it is the only thing that is going to keep you in line from getting into extravagant spending.

 

[Heatman]

one of the best financial advice I have been following and I'm always discipline myself and is that no matter how little my financial earning is as should always try as much as possible to invest or save at least 30% of my overall monthly earning . That is what I will do

I will always kick against getting a financial loan because it is going to be very challenging for you if you don't have a solid backup on how to generate the money to pay back.

 

[CeeJase]

Top 10 Financial Tips. Get Paid What You're Worth and Spend Less Than You Earn. It may sound simple, but many people struggle with this first rule. Stick to a Budget. Pay off Credit Card Debt. Contribute to a Retirement Plan. Have a Savings Plan. Invest. Maximize Your Employment Benefits. Review Your Insurance ...

It's very important that you don't spend more money than you earn because it's going to be very critical for your saving. Most people don't get that but it's the reality.

 

[kayode10]

Always spend on money on acquiring asset. An asset is something or an investment that brings in more money for you. Your major aim is to have multiple streams of income in case if one is no longer bringing in money you have the rest to cater for your expense. Increase your means to accommodate your new expense.

 

[CeeJase]

Keeping an economical way of life will affect your accounts the most. Being thrifty doesn't really mean purchasing shoddy items, but instead lessening your needs, spending all that you own, and going for the nitty gritty choices with regards to things that in a real sense don't make any difference (like a jar of tomatoes — the no name mark is fine).

When you are spending too much it is always definitely going to reflect in your balance sheet with more expensive than the profit you are making from your business.

 

[Achawaskey]

Is to spend wisely, invest on production oriented companies, not financial institutions with low percentage turnover. Also look at the tax, check if it whoat investing or not and also monitor your investments.

 

[Heatman]

one of the best financial advice I have been following and I'm always discipline myself and is that no matter how little my financial earning is as should always try as much as possible to invest or save at least 30% of my overall monthly earning . That is what I will do

A lot of people are actually finding it very difficult when it comes to saving money because they leave extravagant life which is not really good for someone who wants to be responsible in life.

 

[Skysaint]

You're right about that mate. We should make more investments with our money as it wouldn't be advisable to keep your money in banks where it will be prone to devaluation with time. In life, I believe you can use money to earn more money, do you need to make your money useful in this aspect

 

[Shigobad2020]

I have always come to realise how important it is to make a spending budget because it is the only thing that is going to keep you in line from getting into extravagant spending.

One of the financial tip i have to give an adviseis to always give a budget to any thing you are doing and always monitor your budgets in order not to affect the business and to always spend wisely .

 

[Heatman]

You need motivation to start adopting better money habits, and if you craft a vision board, it can help remind you to stay on track with your financial goals.

When you are not spending too much money when it comes to expensive I believe that it is a very good financial habits that will help you to make your business not become bankrupt.

 

[CeeJase]

When you spend more money than you make from your business it is going to mean that you are personally killing your business by yourself with too much expenses.

From experience do not spend money frivolously, spend within your means. Before investing in a business try to carry out proper research to be sure of your investment. When buying a car buy what you can afford lastly don't borrow to survive.

 

[Shigobad2020]

As a business owner , you actually need to watch your spending by cutting down some uneccesary spendings that might affect your business organisations fund in the future

 

[ahmedo24]

To succeed in business you need to be prudent so that you can easily breakeven in your business and possibly expand your business. Financial indiscipline has made lots of business to crash.

 

[Ebro01]

More ways of my own financial tips are as follows a.Investment is a key way to make money. b.we must be able to identify assets and liàbilities.

 

[kayode10]

Learn to save a part of your income and focus on creating multiple streams of income for yourself. You will never have to rely on one source of income. Then you should keep acquiring assets for yourself. This is the right track to achieve financial freedom