How can the finances be managed? We have to start from
the written budget. Writing down every penny we spend, it can help us to understand
that how much money is spend and where is it spend? After a month, According to
financial adviser if we are left with even $15 as extra money, we should save
it, this makes a big difference in long term. I started thinking how this can
make a difference? If we do simple calculations, yes it does. If 15 dollars are
saved every month, then after a year it can sum up to $180. This amount can be
used to pay off one month car payment. If we save the same amount for a few
years and once the money will start building up, we can use it for buying a
bond of an investing company of stock exchange. Simple saving by switching to
the habit of making lunch or coffee at home can help us save more, at the end
of the month. Managing finances can be tough however, writing down every
spending can help us. After a month, we can see what kinds of expenses can be cut
down or what alternates can be adopted.
"Budgeting 101." Tell Me More 23
July 2013. Opposing Viewpoints In Context. Web. 29 Aug. 2013.
