What are the best tips for managing the personal finances?

[Stardom22]

So for better management of personal financial finances one needs to prioritise on the basis necessities and minimises the spending on the luxuries.

 

[Augusta]

It has always been budget, spend less snd save. Maybe we need to add investment to the mix and life would be a lot better

 

[freelancermaria]

In my case, I always make sure to spend within my means, save, and invest.

 

[Xtynehappy]

The main point that l normal use is minimizing on my expenditure and the prevention of impulse buying. These has really helped me on saving a little for the future.

 

[AruneBend]

yes if you want to save you need to really think of what you buy and also manage urges for things like snacks

 

[magnus2022]

The best tip for managing personal finance is to make effort to save at least 10% of your income every month. Increase the percentage as yours income increases. Invest your savings until you become a millionaire.

 

[Moseschidera]

So for better management of personal financial finances one needs to prioritise on the basis necessities and minimises the spending on the luxuries.

I agree with that, most times people spend more than they should all because the funds happens to be there and in a matter of time they would go bankruptcy.

 

[eLdavis]

Save first before you spend. One thing most people usually do is they tend to save a little after they must have spent all they need to spend. If you want to save more, first remove your savings, then work with the little that is left.

 

[pousinha]

As in my country there is a heavy spendthrift culture, the best to learn how to manage the personal finances would be the subject financial education in schools (as boys and girls don't learn financial education in their homes as Italians and Spaniards do cause a different culture of heavy savers), but unfortunately, such a subject in our schools simply doesn't exist.