What is the Money Management

 What is the Money Management



Most of people around the Globe facing challenges while doing money management plan.

Everyone have Wishes to Save money for better lifestyle and future Dreams but some of people get Success and rest get failure.

Management of money is the key factors in Everyone's life, however systematic money Management is the real challenging task in a life.


Here Are some key studies which address how to be a   money management for short as well long term.


1. For Money management we should must have desired goal.


2.Money management term includes all era in Globe..such As Professional, Businessman, Industrial employees, Farmers etc.. Now a days well Matured students are also implemented self money management plans in their schools, college life.


- All have Questions ..what is the money management?? Yes Oblivious.

Money management is practical money saving plans apart doing all Expanse's in day to day life.


* For better money management plan everyone must need to save small part of our earnings. One day this small part comes in big amount of money.


* Management of money isn't means only save money..its also include save & invest in different area..like  Mutual funds, FD, RD, Stock Market, Bonds etc..( Investment Decision should be taken through the Financial Advisors)


* Money Management is the best way of future dreams & Development..

Such As Dream Home, Child Education's, Dream Car, Marriage, Travels & Outing, Retirement plan etc.. If we save small portion of money consistently then its easy to sacrifice our dreams & Innovations.



* We can Create best money management plan by using following strategies.

1. Earning should be   Divided by 4 parts.

Such As 50% for Daily Needs, 20% for school, college fees., child's education, etc, 15% for EMI & other Expanse's, 15% Saving & Investment.


* if we don't have better money management plan then will not able to sacrifice are life's dreams & Innovations.

Have question why we are not able to save money?

Yes. Unwanted Expanse's, huge credit cards use, huge debt, etc ( its include all era Like Professional, Businessman, Farmers etc).


* Benefits of Money Management.





If we having best money management plan then we can sacrifice all motives of our life without getting debts, n all.


So Money management is the hurt of healthy and wealthy life.. Everyone should have money management strategies..

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