How Should Spend Money? Essay

868 Words Oct 16th, 2016 4 Pages
Most people in our society considered manage the money effectively as a big challenge in their life. If a person has a lot of money, that does not mean he can spend it carelessly. All people should think how to manage money because it is good to think about the future. Managing money like many skills needs to learn, and people can earn over time. Create a budget, set clear financial goals, and have a saving plan are an imperative method to take advantage from every cent, dollar the person earned in his life. If someone needs to save money, he should create a budget. Creating a budget is not complicated as many people think, but it also needs planning. First of all, every person should know his monthly income. This step helps a person be precise when he wants to calculate for monthly expenses. Secondly, most people make plans about how should spend money in this month. This step is very important because it allows people to organize their spending and saving. The plan begins by writing everything they expect to need in one month. The second step is writing what they spent in this month. At the end of the month, they can create pictures for their monthly expenses and can decide if they spent what they plan for or not. Then they can use this information on planning for the next month. If the person spends more than what he or she earns that is mean he or she does the wrong plan for this month, so that person should make adjustments to balance between income and…

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