We all know finance is one of the very important part of our materialize life
As we know most of the people of the world is not doing very well in terms of managing finance. They spend their all monthly salary / income to fulfill their hobby or on fantasy world.
1. Evaluate your income
So, first things to do is to evaluate your Income. Means to calculate how much money do you earn every single month, whether you are doing a job or business. This article is mainly dedicated for job profession or common man/women who are doing simple job/work or have average salary and something want to do more than average in terms of finance , if you’re a Business profession you need to read this article, because business profession is very different.
Calculate ( sum ) Total income earned by you every single month by doing job / work or any side income or Passive income.
2. Calculate total expenditures
Think about all your spending, whether Your money is being spent on need You are a fantasy world, should deep understanding on this.
Now, after analyzing Now you have understood that where is the money being spent without any meaning? … In financial wolrld saving is more important than earning & money management is more important than saving, because if you save then you’re slow runner not done very well or if you investing without management it would be at high risk, but with the help of money managment, you would play game smartly One thing is on my mind right now is that Someone told ” Smart working is better than Hard working ” similarly in contex of money managment, not only saving money because in smart game we have a clear direction.
In necessery spending for ex. Spending on Food, Education, Health, House rent, Electric bill, & some other types of bills, e.t.c
Total saving = ( Total income – Total expenditures )
Suppose, now you save/(have) ‘X’ amount. The real game of money managment starts from here of ‘X’ amount.
Alok finance 