make urs first baby step...Ok....
1. Do not spend more than what u earn.
Spending more than urs salary is a big problem. Make sure never spent in excess of your monthly salary or income.Divide your expenses into 2 categories compulsory and not compulsory.Spending for the compulsory thing only.
2. Use less money or find more.
If u can limited ur spending u choose to use less money but if u finding it hard to control your expenses. But if
you use the money more than your limited income, you need to look for ways to find more money. Either work part time or money for investment through savings. The principle is simple" Spend more/ Work more".
3. Set the fixed deposit rate for each month.
Keep ur mind fixed amount to be save every month.Make sure the money will not be touch for spending.
That money is for your fixed saving.(Long Term Saving)
4.Avoid debt and do not borrow money.
Owe means earning money without effort. So, you will not feel guilty for using it blindly. As a result, you will feel the clay to pay the debt. Finally, you will be under pressure. Avoid debt as you will lose control over the use of money.
5.The Diary oF Financial.
Create ur own financial diary.this help to detect where the money go..
Track ur spending habit and ur expenses. U may have all ur desired but u also must know the limitation on spending.Each day you write your spending activities in a diary make it as ur bestfreind and keep a record of what you spend and record even if no entry money.
No comments:
Post a Comment