Post
Topic
Board Economics
Re: Best way to manage money?
by
freedomgo
on 24/10/2016, 12:33:55 UTC
today is digital era, we have computer and smartphone.
for me the best way to manage our money is using our smartphone/computer, to write any transaction, invest, saving, buying a needs, having fun etc.
so we will know our saving, our investing etc. and we can manage "the best proportion of our needs"

Thats true, it is really the best way to manage the money if you keep jotting down the expenditures or the savings you are doing after getting your salary, and at the end of the month you should see what you did with the money and how much you have saved, and if there is something you see should not be done you should skip it next time.

Having  awareness on your spendings  would  be a  great  move   for  you  in able to save money on  the partition  on  your salary . If you  know on how to spend  wisely on your  money and  you should   prioritize  important things first before  buying  anything else.
You need to determine you needs and wants, and make sure a big part of your salary are into your needs, although it is not bad to spend for your wants but just make a limit of it as you can never know the future therefore you need savings for your future, for emergencies and your investment plan.