What Are Your Money Management Strategy?

[Good-Person]

Finance management is also known as money management. This is because it basically means to manage your money. Financial management strategy could refer to any kind of strategy that helps you to save money. It could also involve managing expenses as well. So, what are some of the main aspects of financial strategy?

 

[Kane]

I have simple strategies. I avoid spending on luxuries, I do not buy anything that I don't need, I try to make use of things I already have, and do not spend money on unnecessary items.

 

[Jonaville1]

Finance management is also known as money management. This is because it basically means to manage your money. Financial management strategy could refer to any kind of strategy that helps you to save money. It could also involve managing expenses as well. So, what are some of the main aspects of financial strategy?

One of the money management strategy that I make use of his by budgeting the amount of money that I will spend in a week and also not spending so much money on food because food is expensive

 

[Planbizzle]

Put aside money each month for savings objectives like a down payment on a home or a trip, as well as an emergency fund. To make saving simpler, think about setting up automatic transfers.

 

[Good-Person]

Put aside money each month for savings objectives like a down payment on a home or a trip, as well as an emergency fund. To make saving simpler, think about setting up automatic transfers.

I am saving money in order to deal with such kind of conditions. You may need to save money as you may need it at any time. If you do not save money for such kind of conditions, then you may suffer from losses.

 

[Abasiama40]

If I feel like my finances are stucked in a place with no way out, what I do is to track my spending, and create a realistic monthly budget. I also try to build up my savings even if it takes time every month. I try to cut back on recurring charges, and start an investment strategy.

 

[Ernestnari]

For me, I have to evaluate the intrinsic and extrinsic value of a thing before I commit my finances to it. I also don't live beyond my means. I do the things I can only afford.

 

[Chibson]

compulsory saving and Investment is one of the ways I use to manage my finances well. I also try as much as possible to go for products at is not cost me a lot of money. It has helped me a lot.

 

[Danny4cash]

I have two account that I use. I transferred any money I want to save to one account and the money I want to save to another account. This help me a lot because unless it's important I don't withdraw from the account I use for saving. Also, I created a budget these days that I follow wholeheartedly.

 

[McIrx]

Nothing beats regular savings as a money management skill. I created automatic savings to a different account, a PiggyVest account, where a fixed amount is deducted from my account at chosen intervals.

Also, I avoid impulse buying; I only buy what I need. Lastly, I do price checks before heading out to buy whatever so as to avoid paying over the odds and leaking money as a result.

 

[Abigael]

My best financial management strategy is having a finance planner. This I can easily do on my notepad in the phone. I have to sit down and budget all the things that I need. This awareness helps spend money only on necessary things.

 

[eenya001]

Having a financial planner is good management system but you need to also understand how finance works and not just by you having someone to plan your finances for you as they might decide to cheat you at the end.

My best financial management strategy is having a finance planner. This I can easily do on my notepad in the phone. I have to sit down and budget all the things that I need. This awareness helps spend money only on necessary things.

 

[Abigael]

Having a financial planner is good management system but you need to also understand how finance works and not just by you having someone to plan your finances for you as they might decide to cheat you at the end.

Yeah, I agree with you that personal financial management should be very personal. It should be a skill that you have learnt and possessed. That way. You know how money works and how you can make it work for you.