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Improving Your Financial Life

Blog > 2010 > April > Want To Know How to Manage Money?
April 22, 2010

Want To Know How to Manage Money?

by admin

learning about moneyPersonal money management can be really tricky in these tough economic times. You will need to be financially savvy to avoid falling into a debt trap.

Here are some simple money education tips that will help you manage your finances better.

  • Analyze your finances; calculate your income, expenses and debt to arrive at a clear understanding of your financial health.
  • Prepare your budget, with specific allocations towards fixed and variable expenses.
  • Make a shopping list and strictly adhere to it. Do not make any unnecessary purchases.
  • Track every purchase to check whether your financial plan is fool proof.
  • Prioritize all your expenditures and try implementing your prudent financial plans.


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