Simple Money Management Tips to Manage Your Money

1. Simple Money Management Tips to Manage Your Money

2. Introduction Most of the people have bad money management skills and are pretty bad in finances. Good financial skills are necessary for everyone. Having good financial skills with money management makes life easier.

3. How do you manage your expenses? • Create a budget and stick to it and review it periodically. • There are following apps and software like Takefin Finance and Expense Tracker app to create a budget that will help to determine or to track your spending's. • Try to not spend money on unnecessary items when you go in-store. • Reduce your entertainment expenses by canceling the gym and club membership, subscription

4. This rule best tool for the people who have not enough patience for tracking their expenses in detail. The 50 20 30 budget rule requires to track and divide your expenses into 3 categories. Spend 50% or your money on your needs after-tax pay, 20% on wants and 30% on savings. What is the 50 20 30 budget rule?

5. What is money management skills? Money management skill is a process of saving, budgeting, spending, investing, etc. The money management skills refer to how you handle your finances. By having good money management skills you can achieve long term goals like buying a dream house and starting a family.

6. Before creating a budget try to know your priorities. The money priorities should align with your personal values. • Determine your salary or monthly pay after-tax pay. • After budgeting and determining your salary its time to track your spending. • The best way to save money is to get advice from a financial expert. • Try to get in the habit of putting money aside save it for your financial goals, Money Management Tips

7. takefin.org takefinapp takefinapp TakeFinapp

8. Thanks