ArticlesReader.com Menu
Newest Articles
Most Viewed Articles
ArticlesReader.com RSS
Submit Article
Login
Signup
Search the articles

Articles Main Categories
Advice
Animals
Automobiles
Business
Career
Communications
Computer Programming
Computers
Entertainment
Environment
Family
Fashion
Finance
Food
Health & Medical
Home & Garden
Humor
Internet Business
Internet Marketing
Legal
Leisure & Recreation
Marketing
Other
Politics
Reference & Education
Religion
Self Improvement
Sports
Technology & Science
Travel
Writing
Subscribe
Receive alert message from us when new articles submitted to our site for free.

Enter your name

Enter your email

Syndicate

















Related Products
Home::Investing

Money management guide

Author : mansi gupta
When the prices of commodities are booming and expenditure is increasing in every manner, it becomes essential to make some planning for your income.



• The best way to take care of your money is to plan a budget. A budget should keep a track of all your expenses. The indispensable expenses like education fee of the kids, the bills, the fuel, taxes etc. should be estimated and subtracted from the monthly salary. Then monitor the other likely expenses like gifts on friend’s birthday in that month, your anniversary, weekend outing and the like. The amount that is left after reducing the essentials should be planned in such a manner that you end up with little, at times even negligible savings.



‘A Penny saved is a Penny earned’. Savings are very crucial in today’s life. But many people do not understand the relevance of savings. An individual, who develops the habit of saving money, never falls short of it especially in exigency situations.



If the outlay outweighs the income, situation is called a negative cash flow. In this case you ought to be extra vigilant while spending money. Try to reduce the weekend trips, partying at home or outside, purchasing needless items etc. If possible make a new budget where you have optimized the costs. It then becomes your duty to abide by this budget in order to avoid pitfalls. While if the case is other way round i.e. the cash inflow is more than its outflow, its time to cheer and of course make some savings for the future.



• Next good thing you can do to manage your money is to make investments. Investments can be of different types. You can invest in a property or land, in banks, in stocks etc. The investments you make not only keep your money secure but also give you good returns. Like money that is kept in a fixed deposit in a bank is supplemented with interest amount, the cash invested in purchasing shares of an eminent and successful company, always give a great output etc.

If you are investing in some trust or insurance policies, your wealth will not just be beneficial for you till the time you live; it will also be a financial security for your children and grandchildren in future. So investments generally are rewarding, they do not go futile. But before making any investment, you must enquire about the pros and cons of it. For instance, high risk is involved in investing money in the stock market as the economy is fluctuating unbelievably. Here, you should acquire complete information that when to purchase the stocks and for which company that will never let you down etc. The case is not different with investing in property, but the risk factor is not so high here. The rates for property are never stagnant. So it is better to purchase the land when the market is down and sell it when the prices take a flight. In any case, first acquaint yourself with all the facts and basics, and then only invest. Remember your purpose is to make money from money not to lose with whatever you have.



• Are you a credit card bug? If you are and your expenses do not meet the income, forget the credit cards. The credit card money is charged with high rate of interest. Though it is the easiest form of money, yet it can be very troubling later. People keep on withdrawing the money from the bank’s or company’s credit and the interest simultaneously keeps on accumulating. Finally, the credit card bill comes as a nightmare to many. So it is better to avoid using credit card wherever possible. Try to use it only in case of an urgent situation.



• Keep an accountant if you yourself are not able to keep a track of all your transactions.


Money Management is simple, if you become a little judicious.


Article Source: http://www.articledashboard.com





Mansi gupta writes about money management guide. Learn more at www.learntomanagemoney.com .





Spam emails More free articles

Related articles


  1. Effective Advice For A New Generation of Investors
  2. Inflation Proof Your Investment Portfolio with ETFs
  3. Lessons in Transition
  4. The Myth of the Earnings Yield
  5. Five Sure Fire Way to Secure Your Financial Future
  6. Retirement It's Sooner Than You Think!! (Honestly)
  7. Straddle Strategies in Option Trading
  8. The Differences Betweeen the Wealthy and Everyone Else
  9. Why You Need To Buy and Sell Gold Coins (Part 2)
  10. Find a Methodology and Minimize Investment Madness
  11. The Demise of Buy & Hold
  12. The Conflict of Interest Game
  13. Your Worst Enemy To Successful Investing - The Media
  14. How To Find An Investment Advisor
  15. Holy Grail Investments
  16. Why You Need To Buy and Sell Gold Coins (Part 1)
  17. Bankers in Denial
  18. Begging Your Trust in Africa
  19. Porter's Five Forces Analysis
  20. Eight Questions to Ask Your Financial Advisor
  21. What is an Investor Ready Business Plan
  22. Rolling your 401k: Contributory IRA vs. Rollover IRA
  23. Its Not the Size of Your Bank Account
  24. The Cost of Green Eggs and Ham
  25. How to Terror-Proof Your Money
More related feeds
A Great Guide to Investment For Beginners
Do you need retirement money? These questions can all be answered by looking at this question, “What do I want from my investment?”. This guide is great for people learning how to invest stock as it just covers the basics. ...

Money Management Survival Guide
All money management survival guides will tell you the exact same thing. There's only one way to be profitable in business and in life: make more money than you spend. (...)

Affiliate Marketing Tips - 3 Simple Tips Of Making Money Fast!
Manual 2 goes into money management, about how to make the best of profits and secure minimal loss. The videos are a worthy addition to the manual as they extend the information given in the manual through an audio visual effect. ...

Management Malpractice: How to Cure Unhealthy Management Practices ...
“Management Malpractice by Craig R. Hickman fulfills its promise to guide senior leaders in setting new courses for their organizations by exposing management malpractices and, of paramount importance, offers a new vehicle for ...

Video Poker Money Guide
Video poker offers you a complete money-management guide. Here, you need to play with little money as compared to playing other games in the casino. House edge in this game is smaller, while you attempt to play Better or Jacks 9/6. ...

Kiplinger's Practical Guide to Your Money: Keep More of It, Make ...
Ted Miller has been the editor of Kiplinger's Personal Finance Magazine since 1987. He is the author of Make Your Money Grow and Invest Your Way to Wealth. He appears frequently on television, discussing money management and investing ...

Winners in the Second Half: A Guide for Executives at the Top of ...
This is a practical leadership guide for anyone in management concerned with what their life, career and leadership capabilities will look like once they approach and enter what used to be the traditional ‘retirement’ age and move into ...

Organize Your Business Trip
If you are too busy with work to telephone around or search online the best travel occupies then of the corporate travel management company in the business trip is perfect for you because they will save you time, money and effort.

Free "Site Waste Management Plan" Guide
The 7 Secrets To a Successful SITE WASTE MANAGEMENT PLAN (SWMP) Interested in saving money, even making money, from streamlining waste management through the effective use of a SITE WASTE MANAGEMENT PLAN? “The 7 Secrets to a Successful ...

Free "Total Waste Management" Guide
The 7 Secrets To Successful TOTAL WASTE MANAGEMENT Interested in saving money, even making money, from streamlining all your business’ waste management using the concept of TOTAL WASTE MANAGEMENT? “The 7 Secrets to Successful Total ...

 

 

2007 articlesreader.com - All Rights Reserved