How to manage your money

How to manage your money?

Finance management is not only a professional job. Everyone has to do finance management in their own life. So all are finance managers of their own life. That is you need to know how to manage your money. If we fail in this we will be in financial crisis. Here we are going to discuss some factors we should know and to apply when we think about managing our money. Read more about How to manage your money?

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Categories for your personal budget

Categories for your personal budget

To manage your finance first thing you should do is to understand your incomes and expenses. That is by noting down the incomes and expenses for one month. For planning and making a budget you should now categorize the incomes and expenses. In this section we are going to list out some categories for your personal budget preparation. After identifying your expenses, you should categorize the expenses into the category that exactly have meaning to you. Sometimes the expenses may be in another category that is not listed here. You always remember that the list I given here is not at all a full list. You can add along with it the category that you come across in your understanding. Each person will have different items. Read more about Categories for your personal budget

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How to prepare personal budget

How to prepare personal budget?

Processes to prepare personal budget Three processes are important to prepare personal budget. They are 1) Understand income and expenses and categorize them, 2) Making a budget by allocating sufficient fund to each category, and 3) Tracking your budget by putting an actual budget column. Understanding your income and expenses The first step to prepare […]

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