Managing Your Finances – Managing personal finances is very important especially for those of you who have a mediocre income. Make bookkeeping can be done by anyone, regardless of social status or salary. One of the goals of financial management is to not spending more than income. If it gets bigger spending, you may have to borrow money to make ends meet and end up in debt receivables in here and there.
Here are some ways to manage personal finances:
Start saving now.
Familiarize yourself to save money because it would be useful if one day you are facing financial problems. You can use the services of the bank to automatically debit your salary portion. If you still can borrow or rent, avoid buying. If you want an item that will only be worn once or 2 times, should avoid buying. You can rent or borrow as much cheaper. This is one of the most important things in managing finances. The more money you can save, the better.
Looking for insurance.
You never know when it will require a lot of money. Therefore it is highly recommended that you look for insurance that is able to keep your finances in times of crisis.
Use a credit card.
Many people do not recommend the use of a credit card as this will only result in waste. Basically it back to yourself. People who are accustomed to frugality usually do not experience problems when handling credit card. Credit cards are created not to make us wasteful, it’s just that many people abuse it. Even if you do not want a credit card, you still have to have it to make a credit score.
Create a neat and orderly bookkeeping.
Try to make the books about the amount of income and expenses each month. This way you really know which one should be prioritized and which should be excluded. If the amount of expenditures far exceeded income, it’s time to manage your finances better.
Save a little money every day.
No matter how small the amount of money, if stacked would definitely be a lot. For example, every day you shop and receive a refund. Save your change into a piggy bank. You will not feel put aside money in this way.