I use this steps every month, after I got the earning report from my accountant. Because I know that money is the root of all evil, IF you controlled by it. And money is the center in almost all of family problem. It's all come back to money.
How do I know that? I've been there. =)
Why people having problem with money? Because they don't know how to manage it. First step to fix your money problem is BUDGETING.
List what you have in your inventory
Asset, Loan, Mortgage, everything. List them down. Don't be afraid!Look where you money goes
Track your spending, where you spend your money most. Supermarket is the number 1 suspect here. Buying too much gadget? You go to club often? Track them down!Start building your Budget
By building budget you know exactly how much money that will go out from your wallet, and how much money you can save ahead. It's like creating a plan for your future. Remember of your spouse, children, parents, and people who you loves, keep them in mind.
Set a financial goal.
Set your goal and purpose in life. Because life without goal and purpose will be meaningless. Say to your self that you will have a better tomorrow for you children, or for your parents. Or you want to have $100.000 saving by next year. That should motivate you. =)
4 comments:
Thank you for your information, that thought me how to set goal. Very Nice article.
No problem mate and good luck! =D
that is right that money management could save you from ruin, and i can witness that in my forex account, when i started to play with forex i didn't have any manegement and i lost all my trade account and i am earning thankfully to moeny management.
cheers
Informative post. Handy steps for budgeting. Valuable article. Thank you. I like the idea of setting a financial goal.
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