We all have our own ways of managing money. What’s one unconventional financial habit that has worked for you? Is it stashing cash in envelopes, keeping a detailed spreadsheet, automating every payment, avoiding debt entirely, or some other unique strategy? Please share a personal finance tip that might help others!
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For me it has always been about avoiding debt. The thing with being in debt is that you can't have an absolute control over your money both the inflows and outflows. You would have some limitations as you would need to settle your debt to know actually how much you have as your own money. So if youRead more
For me it has always been about avoiding debt. The thing with being in debt is that you can’t have an absolute control over your money both the inflows and outflows. You would have some limitations as you would need to settle your debt to know actually how much you have as your own money.
See lessSo if you want to actually be on top of your game with your finances you need to forget about debts and live only on cash.
I give emphasis to two things, one try to live a simple life and save as much as I can and two, use your savings to make investments and grow your wealth. I do not have a lot of savings but I have investments on multiple assets. My investment will not only help me in emergency situations but also foRead more
I give emphasis to two things, one try to live a simple life and save as much as I can and two, use your savings to make investments and grow your wealth. I do not have a lot of savings but I have investments on multiple assets. My investment will not only help me in emergency situations but also for retirement. The best thing about investment is you also receive return on investment that you can also use for your luxuy bills or even essentials
See lessOne of my money management ways is proper expenditure. I have learnt the importance of spending money wisely and it has worked so well for me. I always budget my needs and wants so that I can remember exactly what I am spending on. I have also learnt that investment is a proper strategy in financialRead more
One of my money management ways is proper expenditure. I have learnt the importance of spending money wisely and it has worked so well for me. I always budget my needs and wants so that I can remember exactly what I am spending on.
I have also learnt that investment is a proper strategy in financial management. When you invest, you save money and make it grow.
Lastly, I learn to control my urges and desires. I say no to them so that I don’t end up spending on unnecessary things.
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