Post
Topic
Board Economics
Re: Best way to manage money?
by
ivanst776
on 30/10/2016, 07:36:36 UTC
So I have seen a lot of topics relating to different methods of managing money ("How to earn Bitcoin, "How to save money") and the likes. Now I would like to see what are the best ways people can come up with in regards to managing their money. I find creating a budget is one of the fundamentals of managing money. If you have no records, you can't know exactly how much money you have to spend each month. Another piece of advice I would like to give to people is to not use your credit card unless you're able to pay it off in full at the end of the week.

Any input?

Best way to manage your money is firstly to create a spreadsheet and list all your monthly expense, if you maintain it more often then you can list all your expenses that you make every day.

By this you will see where your money goes and where are you spending, next month try to reduce the expenses for 10% and so on and after you months you will notice that you have saved some money with this little trick.