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You be smart and not spend it all in one place.
by not spending
Money management starts with evaluating the needs and wants of an individual person or business. So, first get a record of what has been spent in the past.
Make a list of those things that have to be paid for, repaid, etc. Then add to that list those things that you want but could live without. Last add to that the luxuries that you have only if money is left over. After getting a list make a spending plan, budget, and evaluate it as you go. Your list will be different than mine but here is a sample.
Examples:
Essentials:
Housing
Basic food
Transportation to work
Basic clothing
Needs:
Communication(internet, Phone)
Television
Climate control
Exercise
Insurance
Wants:
Entertainment(movies, eating out, special foods)
Social interaction(dates, dancing, bar visits)
Fashion(better than basic clothes and shoes)
Luxuries:
Cell Phone(iPhone)
Stereo
Magazines
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∙ 14y ago
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What are examples of financial problems?
lack in how to manage income unable to manage much amount of money wasting money for unimportant things
What are the advantages and disadvantages of being a financial planner?
An advantage is that you know how to manage your money to maximize it's potential. The disadvantage is that it is hard to make any money for you to manage.
What is client funds?
Money managers who invest and manage other peoples money are investing their "client's funds" or money. From a bank's perspective, all the money that the bank's clients deposit in the bank are "client funds".
If you have no intention of becoming a financial managerwhy do you need to understand financial managemen?
This is very useful information to manage and invest your own money and your family members money.
Why work for the financial sector?
People who work in the financial sector generally make a lot of money. Additionally, working in the financial sector will help you manage your money better.
How do monks manage money?
they don't even get money
What are examples of financial problems?
lack in how to manage income unable to manage much amount of money wasting money for unimportant things
How do you manage money?
By spending your money on things that you will need , not what on things you want .
What can you do to better manage your money?
Stay out of debt.
I Have got to manage more money?
have got to
Can you manage money from a ATM?
You can't no. Only take money out or view your balance.
What are the advantages and disadvantages of being a financial planner?
An advantage is that you know how to manage your money to maximize it's potential. The disadvantage is that it is hard to make any money for you to manage.
How do people manage their money?
Many people manage their money by drawing up a budget of income and expenditure. Some people prefer to budget on a monthly basis while others would rather manage their finances weekly.
How judges use math?
They have to manage the money they earn.
What are the four financial skil a young person neeed to know?
saving, as a young person you need to know how to manage your money in other to save your money, you must also learn to manage your money well.
What is the role of accountants in financially battered company?
They manage the money!
Where can someone get advice on how best to manage their money?
One can get advice from banks on how to manage money. Contact your local bank and they have advisors that can suggest good strategies for savings and investments among other things.
