I have realized that most people in country have little to no knowledge with regards to the personal finances know-how and that is the main reason for their financial constraints for that matter.
How did you managed the personal finances?
- Thread starter Xtynehappy
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I do not make a budget but I have a rough estimate of my earnings and expenditure every month. I never spend more than I earn. And I put a portion of my earnings into a fixed deposit account every month.
Since there is very less paid work online, I have more time to monitor my finances, keeping records of the money I receive from the investments and also the expenses, bills which I have to pay now and in future.
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In managing personal finances, the most important thing is that people can maintain a balance between income and expenses, and then keep expenses so that they are always smaller than income.
I'm not good at managing my personal expenses, when I have money I like to spend it.
However, I have separate funds aside for my poker/business.
However, I have separate funds aside for my poker/business.
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Sometimes no matter how much you reduce your expenses, you might still not be able to manage finances properly. In a situation like this, you need to work hard to earn more.
One really needs to have some income for them to manage their personal finances appropriately. I think it's very difficult to manage something that is not there.
Some things you just have to know it yourself by seeking information which you would get if you are good at it , it would help you immensely
This subject often keeps people so worried especially those people that are very poor at managing their personal expenses. One can seek the services from experts too.
