How do you effectively manage your financial life

[tyrim88]

Managing financial life is something that has never been easy at all . This is because responsibilities and other tasks affects our financial life. It affects what we save and what we spend and thus we struggle to have a stress free financial planning.

Definitelly when it comes to teh issue of managing finance in our personal capacity,it will only take a man that is very discipline to be able to manage his finances very well.One needs a high level of discipline to be able to do that.

 

[Shigobad20201]

You need a high level of tolerance and discipline in order to be able to effectively manage your business because most of the time , we feel tempted to keep spending the business fund but must cautions yourself.

 

[Kayzzy3]

With everything going on in the world right now . Businesses having to shut down due to covid . How do we build on the little capital we have?

There are countless ways to do that you can conscienciously plan your financial life - income generation, saving, investment, Spending etc.
These days of technology apps and web tools abounds that can help you plan all of these.

 

[Billy]

Managing your finances is all about prioritization. For now, it is all about keeping your expenses low and making wise investments. Now that things are taking shape slowly after the pandemic, we've got to be careful with money.
Here are a few tips that helped me through:
-Create a budget and stick to it.

• Avoid impulse buys.
• Invest in low-cost index funds.
• Make use of online calculators to figure out what you can afford.
• Be patient and stay disciplined; Rome wasn't built in a day! Especially after the pandemic messed up everything. It will take time to catch up with where were before the hit.

 

[Godspower]

Managing your finances is all about prioritization. For now, it is all about keeping your expenses low and making wise investments. Now that things are taking shape slowly after the pandemic, we've got to be careful with money.
Here are a few tips that helped me through:
-Create a budget and stick to it.

• Avoid impulse buys.
• Invest in low-cost index funds.
• Make use of online calculators to figure out what you can afford.
• Be patient and stay disciplined; Rome wasn't built in a day! Especially after the pandemic messed up everything. It will take time to catch up with where were before the hit.

It isn't really easy to manage a successful financial life. However, with the help of a well-planned budget, you can easily create a balance between income generated and expenditure made.

 

[Chibson]

It isn't really easy to manage a successful financial life. However, with the help of a well-planned budget, you can easily create a balance between income generated and expenditure made.

making a budget is one of the best ways in which you can manage your financial life. I have gone through different stages in life and there are times I made a lot of money but because I was not able to manage it well i lost all. That was when I learnt my lessons.

 

[Good-Person]

I have to keep a balance between my financial life and my personal life and this is why In tend to find it really hard to manage the day. It seems like even a full day is very short for me.

 

[Godspower]

making a budget is one of the best ways in which you can manage your financial life. I have gone through different stages in life and there are times I made a lot of money but because I was not able to manage it well i lost all. That was when I learnt my lessons.

The sad reality usually hits home when you have already squandered or misused the money. So having a budget with help guard against unnecessary expenses or frivolous spending.

 

[Chibson]

The sad reality usually hits home when you have already squandered or misused the money. So having a budget with help guard against unnecessary expenses or frivolous spending.

I think this is probably a lesson to people who have never squandered their money before or who have lost started making money. making your budget and being disciplined around your finances is very important.

 

[Godspower]

I think this is probably a lesson to people who have never squandered their money before or who have lost started making money. making your budget and being disciplined around your finances is very important.

Sadly it is always too late before people realize it. Having a budget will prevent unnecessary expenditure and save you from financial woes in your business.

 

[Chibson]

Sadly it is always too late before people realize it. Having a budget will prevent unnecessary expenditure and save you from financial woes in your business.

Definitely, if you're going to the market with a lot of money and you do not have a budget there is a tendency that you will spend almost all the money. But if you have a budget you will discipline yourself not to spend all.

 

[eenya001]

How I take care of my finance is to make sure that's my expenditure does not grow bigger than my monthly income because if this happens I will be forced to take a loan which would be detrimental to my income and my financial life.

 

[joy101]

Right now I believe the best way to source capital for a business is loan

Is not that really easy to manage your life financial so effectively, but you have to make a good plan for that, on how you can manage your financial life so good, you need to learn how you should manage your money.

 

[Shigobad20201]

How I take care of my finance is to make sure that's my expenditure does not grow bigger than my monthly income because if this happens I will be forced to take a loan which would be detrimental to my income and my financial life.

You are a perfect example of a good economist , as an entrepreneur, You must always watch your spending so that it won't be higher than your income at the end of the month .

 

[Godspower]

You are a perfect example of a good economist , as an entrepreneur, You must always watch your spending so that it won't be higher than your income at the end of the month .

Having a budget and sticking to it obviously makes things much easier. A budget will provide a guide on the right amount of money to spend at a particular time.

 

[Shigobad20201]

I always have the mentality of scheduling my earnings and spending by calculating the amount of my income and always try to save at least 30 - 40% of my monthly income .

 

[Godspower]

I use a budget and this has reduced the amount I have spent on frivolous items. You can always plan a budget depending on your expected expenditure and income to be earned.

 

[Sincerem]

It's not really easy , the most important thing I try to do is to make sure I don't really spend much beyond my budget. I must budget for everything and that is what I stick to most of the time.