Post
Topic
Board Economics
Re: How good are you at managing your money
by
boyptc
on 05/12/2016, 04:36:46 UTC
if I may be honest I always spend all my salary to buy a certain item I like, yeah I'm very hard to control my desire to buy something, there is the suggestion that I was not too extravagant?
After reading this I have only one question - where do you hold all this things on which your spend all of your salary?
That is not so wise as I think. What will you do if you loose your work one day suddenly? I think you have to make some basis for such situation.
Yes I agree, he just didn't have any emergency money that can help him in that condition. I prefer like to save some part of my salary and spend the other part but not extravagantly.

That's a good way of saving and managing your money and make it a habit that every time you will receive your salary. Get a portion of it and deposit it to the bank instantly, so that when the times of emergency comes. You can pull a fund with it or if you want to, you can also use it in any investment that you wanted to invest.