Money Management
In this new era, much has been said about that money is an important thing in our life. Every individual were looking for the convenience of the financial position. To achieve this, there must be a system of financial plannig or effective use of financial system so that expenses can be managed. Reflect the future financial management efforts that involve specific disciplines to managed income source and assets that each expenditure made or benefits availed optimal and can allow saving and investments that can guarantee income in the future. As saying goes, ''A fool and his money are soon parted''. Money management is vital in our life.
First and foremost, money management is important if we want to start a business someday. To start, we need a certain amount of money for business start-up capital. We also need to keep our business to start making a profit. If we want to borrow money from financial institutions, then we need to assess what types of loans available and the benefits of each loan and find out and provide the information required by the bank when we make a loan application. Apart from that, knowing the importance of financial planning future then we need to know the ways on how to spend money wisely. Ways to spend wisely means spending when necessary and purchase things necessary. We do not borrow money from any person solely for failing to rein in spending. For students who are unable to control expenditure, avoid lending money to friends. They do not lie to your parents simply because they want to earn money and do not ask for something that is beyond the ability of
First and foremost, money management is important if we want to start a business someday. To start, we need a certain amount of money for business start-up capital. We also need to keep our business to start making a profit. If we want to borrow money from financial institutions, then we need to assess what types of loans available and the benefits of each loan and find out and provide the information required by the bank when we make a loan application. Apart from that, knowing the importance of financial planning future then we need to know the ways on how to spend money wisely. Ways to spend wisely means spending when necessary and purchase things necessary. We do not borrow money from any person solely for failing to rein in spending. For students who are unable to control expenditure, avoid lending money to friends. They do not lie to your parents simply because they want to earn money and do not ask for something that is beyond the ability of