A lot of people do these, i still remember when i was young, wild and free, i didnt do this kind of thing, i always use thise phrase "you only live once" so just do whatever i wanna do, and i end up with nothing, my saving is still the same and the money that i made every month is gone without knowing it LOL. I learned my lessons the hardest way, though
How to Manage Personal Finances
- Thread starter Suba
- Start date
Every month I divide my income into three portions, one for investments, one for savings and the other portion of my income is for daily expenses.
She is doing great because this is the way that you can manage your income, otherwise you may face big problems.
Covid19 teach us a lot of thing, thank God we have emergency funds and everything back to normal now, the only thing that we need now is increase our income and lower our expenses. And again i'm so lucky that my wife can do this in a great way.
Yeah, following your budget is very important. That is why you need a lot of discipline if you want to be successful financially.
of course it is a very hard thing to do but you have no other option than to be committed to the budget you make. That is what we call discipline.
Yes, discipline is the key, and stick to the budget is the only option we get like you said if we want to survive, after covid19 some people learned so much to lower their own budget to survive, so we survive so far and i hope we can survive another years
Create a budget and stick to it, track your expenses, prioritize savings, avoid impulse purchases, and regularly review your finances.
Definitely, if we can survive the pandemic, I think many similar circumstances will also be survived in the future. it was actually a lesson to several people around the world because it happened unexpectedly.
Yeah, setting rules and regulation in the best way for you to be able to manage your finances very well if not they will just to squander everything. You must be very much disciplined to achieve this.
Honestly, I don't have any personal financial plan because my income is too little to charter for my basic needs. Am planning to upgrade and increase my earning capacity. If I can be able to increase my aiming, I will be far better.
I think the best way you can increase your income is for you to be very much consistent in the work you do online. You can even venture into more platforms to make more money for yourself.
There is a clear-cut difference between a need and want, but it is crucial to understand whatever you want at the moment.