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How to manage our money?
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as the price of everything is risiang, but our salary is not, most of us are Moonlite, Consequently, i think finance mangement should be an important subject for us to learn.for me i will spend most of my salary to study and travel, or to buy clothes and makeups. duy to my little income, i also have nothing to leave, these days i have read many books about Financial management ,maybe it can help me a lot. so according to my learing, i set up a saving plans for the future life, although i have earned so little, getting the saving habit is the most vital.
(一) save money as possible as I can
Reckless spending is an assured way to blow up your fiances through your roof,make a point to save a pre-assigned amount of your income each months, create a fixted deposit account to save some amount of your income and enjoy the annual interest on the same.
Don`t buy anything beyond my fiancial limit. for instant, if i want to read books, I can load the Ebooks on the internet instead of buying the hardback books from library;Watching movies onlines instead of going the movie theater or buy DVD. all this can help me to save some money, more or less.
I also have to learn to negatiate for the best deals.if you want to buy some expensive necssary things, such as air-condition, refrigerator, ect.,it is always a good idea to negatiate prices for it, it will provide a margin for saving. Always purchase expensive items you can avail of the biggest discounts.
(二）Migrate to a debit card or to plastic that must be paid each month.
Financial experts belive that oweing a debit card instead of a credit card is not a good strategy to adpot,debit cards are responsible for the instantaneous saction unpon purchase,which a credit card pvovides a month-long safety net to issue payments, owing a credit card is ,thus,infinitely beneficial to financial magenament since it allows you to retain the money to retain the money till the bill payment is requested. but to remeber that, don`t waste it as your wish.
(three) good insurance coverage
In the present times, a good insurance coverage is the safety net that save you
from finacial setback in the face of sudden disasters ,with a host of effective
insurance policies available, getting property, home and or life insurance from
unforeseen accidents will make you immune to finacial setbacks.
Money is as mobile as you can make it.by exercising a little caution,you can
comfortably manage your finances and ensure a secure future for yourself.
Post comment Comment (5 replies)
- Reply sunnyv
- Yes, saving money is important, even if you have a small salarly because having some money in the bank fixed deposit gives you a sense of achievement and security.
Sometimes it is hard to decide on a frugal life, normal spender or careless spending. As a girl, some makeup, some nice dresses and dress up is necessary. Girls are by nature supposed to look nice. Who knows, one day some nice guy would notice you. Men can just have a T-Shirt and jeans and nobody would care. So, spend sensibly, look nice and can have some savings in the bank.
- Reply zhangweisdu
- Saving some money is essential but we should also enjoy our life and use the money to buy what we want. When we are young, if we don't learn to enjoy the life, we may feel regretful when we are old. So remember to leave some money for enjoying the life.
- Reply alisa008
- zhangweisdu: Saving some money is essential but we should also enjoy our life and use the money to buy what we want. When we are young, if we don't learn to enjoyyes,we should live in the present,no one can predict the future,so we need to live wonderfully as our wish now.
- Reply alisa008
- sunnyv: Yes, saving money is important, even if you have a small salarly because having some money in the bank fixed deposit gives you a sense of achievementkind suggestion. thank you very much!
but the most for us either boy or girl , is the internal which a person must need. so we should spend more on studying than dressing, especially for girls,we also have to earn myself. we should be independent,confident and knowledgeable in our life.
- Reply bingchuan2011
- Saving money is turly important. But I don't think put the money in bank is a wise choice, as the situation in China. I believe inflation of price can not be avoid in the future, and also the 18th National Congress of the Communist Party of China mentioned that in 2020 people's income will be double that of in 2010. Suppose that you hold to put 80% of your income in the bank each month, and finally you got 1 million. But when you take the money and look around, finding the things you can afford just need 600,000 two years ago. what a pity! So, I'd like to say that using your money properly, sometimes, will be more effective than just saving money and put them in bank.
