How Do You Set Priority Scale in Finance?

[Suba]

Everyone has their own way of setting their financial priority scale. The priority scale in finance refers to the order of importance to allocate/spend based on the financial goals to be achieved. The purpose of this priority scale is to make it easier for someone to manage and organize finances from all sources of income and allocate sources of funds according to order or priority, determine which types of expenses must be expedited and which expenses can be postponed, besides that you will also be able to avoid impulsive spending. Although basically we all have the same needs such as primary, secondary and tertiary needs, we also have to determine the priority scale for both emergency funds and investments or others.

 

[Augusta]

I try to use the scale of preference where you select out the urgent needs and attend to them first. This method is working for me

 

[Trush Jodie]

Every person must understand what bothers them most financially. And meet them according to the most pressing.