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Managing Finances

Passionate-writer said:
I manage my finances alone and I think that it is possible to do so. This also depends a lot on the kind of skills you possess as a manager. There are many professionals out there who may possess excellent money management skills due to the fact that they may have managed the wealth of other people in the past.
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It is safer if it is us to manage our finances. Let us just make sure that we do not spend the money we have at hand. Managing finances also needs self-discipline and self-control. Money is easy to waste if there is no financial literacy.
 
Suba said:
Managing finances, both personal and business finances, is very important and very useful or has goals such as getting used to living frugally, making plans for the future, preparing emergency funds and investments. But we don't have to stop at the managing finance level, but we have to take further actions such as evaluation and analysis.
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Managing your finances could be a really hard thing. This is true specifically if you tend to run a huge business. This is why they tend to hire a team of accountants who can manage their business for them in a real manner. Having said that, if you run a small business, then you should be able to manage your finances on your own.
 
Passionate-writer said:
Managing your finances could be a really hard thing. This is true specifically if you tend to run a huge business. This is why they tend to hire a team of accountants who can manage their business for them in a real manner. Having said that, if you run a small business, then you should be able to manage your finances on your own.
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I agree with you, managing your finances is not only a really hard thing, but it also requires precision and precision, so that bookkeepers don't input wrong data into their application. In general, large companies have accounting staff and internal auditors, these large companies only hire public accountants to publish their financial statements for third parties such as shareholders, creditors, etc. Small and medium-sized companies often hire public accountants to help prepare financial statements, especially tax reports.
 
Starmix said:
It is safer if it is us to manage our finances. Let us just make sure that we do not spend the money we have at hand. Managing finances also needs self-discipline and self-control. Money is easy to waste if there is no financial literacy.
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If a person is suffering from the problem of not being able to control himself, then it is very important to make sure that such kind of person does spend some money if he wants. This will release some pressure and urges of spending money too much. He can set a limit and spend the money after creating a budget plan in order to satisfy the urges.
 
Passionate-writer said:
If a person is suffering from the problem of not being able to control himself, then it is very important to make sure that such kind of person does spend some money if he wants. This will release some pressure and urges of spending money too much. He can set a limit and spend the money after creating a budget plan in order to satisfy the urges.
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Keep a cash at home that is intended for the basic needs. That is one smart way to manage our money. Buy only what is found in the list and never be tempted to buy some stuff that is none essential.
 
Starmix said:
Keep a cash at home that is intended for the basic needs. That is one smart way to manage our money. Buy only what is found in the list and never be tempted to buy some stuff that is none essential.
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There are many people who never store a huge amount of cash at home and this makes sense. They store a small amount of cash in order to deal with expenses. Many people also never store a huge amount of cash at work as well. They deal with finances and they contact the bank in case if they need a huge amount of money.
 
It's also not easy to manage finances especially if you're the bread winner in the family, but despite this, there is a remedy to maintain the standard of living through teamwork. Encourage the family members to do business.
 
Starmix said:
It's also not easy to manage finances especially if you're the bread winner in the family, but despite this, there is a remedy to maintain the standard of living through teamwork. Encourage the family members to do business.
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Managing finances is a very hard thing and many people assume that inflation has a lot to do with this. I think that they are right when they assume this. This is because inflation is having a really huge impact on the economy.
 
Passionate-writer said:
Managing finances is a very hard thing and many people assume that inflation has a lot to do with this. I think that they are right when they assume this. This is because inflation is having a really huge impact on the economy.
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The assumption of this is despite facing inflation it does not mean we cannot manage our finances. One way is to live on frugality Our past life may not be the same as the present because of the changing economy.
 
Starmix said:
The assumption of this is despite facing inflation it does not mean we cannot manage our finances. One way is to live on frugality Our past life may not be the same as the present because of the changing economy.
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Well, this also involves sacrificing a lots of things. This is the only way to save money. We have to sacrifice consuming many things. For example, in case if fuel is very expensive, then we must avoid using vehicles. We could walk instead. We could avoid eating expensive fast food.
 
Passionate-writer said:
Well, this also involves sacrificing a lots of things. This is the only way to save money. We have to sacrifice consuming many things. For example, in case if fuel is very expensive, then we must avoid using vehicles. We could walk instead. We could avoid eating expensive fast food.
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Sometimes, I do not ride my car. I commute hehehe. My workplace is near, and it takes only 30 minutes to drive but if I am in a hurry, I drive to avoid reaching my workplace late. Your idea is effective and good for the pocket and health of going to a place on walking.
 
Starmix said:
Sometimes, I do not ride my car. I commute hehehe. My workplace is near, and it takes only 30 minutes to drive but if I am in a hurry, I drive to avoid reaching my workplace late. Your idea is effective and good for the pocket and health of going to a place on walking.
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My workplace also used to be nearby. However, there came a time when they shifted the workplace and i had to use my motorcycle. I worked there for some time and then I stopped working there. Fuel cost have been increasing a lot.
 
Passionate-writer said:
My workplace also used to be nearby. However, there came a time when they shifted the workplace and i had to use my motorcycle. I worked there for some time and then I stopped working there. Fuel cost have been increasing a lot.
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Why did you stop working? Maybe you did not le the work environment or your boss toxic. Well, it's best to save money, but there are times that we feel tired that we like to feel comfortable driving our car or hiring a taxi.
 
Starmix said:
Why did you stop working? Maybe you did not le the work environment or your boss toxic. Well, it's best to save money, but there are times that we feel tired that we like to feel comfortable driving our car or hiring a taxi.
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I stopped working because they were paying a very low salary. Moreover, they were also very demanding as well. This let me to change my decision, despite the fact that I had no option but to work in that company.
 
Passionate-writer said:
I stopped working because they were paying a very low salary. Moreover, they were also very demanding as well. This let me to change my decision, despite the fact that I had no option but to work in that company.
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That was the best option or else you will suffer being used by the company. Everyone deserves a better life through good pay. Never be afraid to face the next challenge of life and to do everything to manage our finances for the future's sake.
 
Yes don't do impulse buying. it would help one to plan ones money better. it is bad to squander your money
@astutimeliana723 said:
Some ways to manage finances is to make a priority scale, shop according to a previously made shopping list, don't buy anything unless you need it, diligently look for discount information, etc.
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