Daily finance tips category
Manage your monthly income
How do you allocate your income so that you won’t be ended up drawing your savings? Today, I’m going to share with you this daily finance tip.
A budget is not new to a working people. It is simply a distribution of amount for every event. You itemize your major expenses such as food, home, fuel, entertainment, car, house, dine-out, hand phone bill, electricity etc. This list is only a sample of it. You can go as detail as you want to, depending on your convenience. Allocate the money for these major items. Place the money separately by having a few small purses or clip your money individually according to the items. Carry the different purse when you decide on which activity are you pursuing at that time. Of course you are flexible enough to borrow for a little while from the small purse when you suddenly change your activity. Remember to return the money as soon as when you get home. By doing this daily finance tip, you will finally have a few dollars left in each of the purse by end of the month. This a few dollars will eventually add to your monthly savings.Try it!
Category: Daily finance tips
Monday, August 4, 2008
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