How To Manage Your Money

Money-Management AkinfemiOnadele

Money management refers to the process of tracking and planning an individual or group’s use of capital. In personal and corporate finance, money management usually includes budgeting, spending, saving, and investing.

To be money smart is a skill that needs to be acquired as this skill will help you to lead an almost seamless life of ease with minimal issues.

WORK WITH A BUDGET THAT SUITS YOUR SITUATION. It is good to have a budget that you work with. Income can be divided into parts this may differ depending on where you do your research 10% to Savings, arrangements can be made with your bank to do compulsory savings, 20% towards debt payments if there are any and 70% to live off for the duration until more income is generated. There is a saying that goes "Live Within Your Means", to do this individuals tend to spend all their income, but I prefer the saying by Kevin Trudeau "Live Below Your Means", when this is practised there is hardly anyway that you will overspend.

Continue reading
  4244 Hits

Subscribe

Latest Bloggers

Diana McIntyre Pike
2 posts
Marguerite Diana McIntyre-Pike OD...
CaribNewsroom
1 post
CaribNewsroom has not set their biography yet
Sharon Parris Chambers
21 posts
Sharon Parris-Chambers was born in Kingston, Ja...
Paula Robinson
8 posts
Paula Robinson is Operations Manager for Caribs...
Theo Chambers
10 posts
Theo Chambers has not set their biography yet

Calendar

Wait a minute, while we are rendering the calendar

Random Post

Sharon Parris Chambers
11 August 2020
Travel & Tourism
As we all know, the travel world has changed considerably over the course of the past five months. Our experience is no different. Having traveled to Mexico in mid-June, visiting 13 resorts in seven d...
Theo Chambers
19 July 2020
Social Media
Twitter gave an update late on Friday on its investigation into the highly visible hack of dozens of verified accounts on Wednesday. Twitter said 130 accounts were targeted, of which 45 had their pass...
Theo Chambers
17 July 2020
Travel & Tourism
Source: Travel Weekly American and JetBlue will form a robust partnership centered upon the New York area and Boston, part of both carriers' strategy to accelerate their recovery from the Covid-19 cri...
Theo Chambers
22 July 2020
Financial & Fintech
With the emergence of the subscription economy and in particular in the SaaS industry, we have come to distinguish 2 main business activities that contribute to the growth of a company: Hunting and Fa...
Paula Robinson
11 September 2020
Health & Wellness
Most, if not all individuals are familiar with Shea Butter, but the Shea nut Oil is not as popular, this very versatile aromatherapy oil is a marvel, it has all the benefits of Shea Butter in oil form...
Travel & Tourism
KINGSTON, Jamaica; July 10, 2020: Minister of Tourism, Hon Edmund Bartlett has announced that over $J2 Billion in funding will be made available for Small and Medium Tourism Enterprises (SMTEs). The m...
Paula Robinson
09 September 2020
Business
Marketing & Management Strategies
Micro management is not the answer to effectively managing your company, it has more cons than pros. As a manager, you have to determine when and how to micromanage. Here are some results of micromana...
Sharon Parris Chambers
07 October 2020
Business
JOHANNESBURG - As the world’s attention focuses on the coming American election, another important vote for a key position is generating controversy in Africa. Chadian politician Moussa Faki Mahamat i...
Travel & Tourism
OCHO RIOS, St. Ann, Jamaica; Monday, July 27, 2020: Employees of some of Jamaica’s leading tourist attractions have expressed gratitude to be able to return to work and told Tourism Minister Hon Edmun...
Sharon Parris Chambers
04 August 2020
Health & Wellness
Minister of Tourism, Edmund Bartlett, says he is pleased with the level of compliance of tourism operations in Westmoreland with the protocols put in place by the Government to prevent the spread of t...
Paula Robinson
23 September 2020
Financial & Fintech
Business
Money management refers to the process of tracking and planning an individual or group’s use of capital. In personal and corporate finance, money management usually includes budgeting, spending, ...
Diana McIntyre Pike
04 October 2020
Travel & Tourism
Network/Villages as Businesses Community Tourism and Community Development – Training Project Rationale Tourism is a continuing growth industry with the potential to offer communities of all shapes an...
Diana McIntyre Pike
04 September 2020
Travel & Tourism
Business
Diana McIntyre-Pike, President/Founder, Countrystyle Community Tourism Network/Villages as Businesses and President, International Institute For Peace Through Tourism (IIPT) Caribbean Chapter & Co...
Paula Robinson
18 September 2020
Enviromental
Renewable energy, often referred to as clean energy, comes from natural sources or processes that are constantly replenished While renewable energy is often thought of as a new technology, harnes...
Paula Robinson
03 September 2020
Personal Development
Do you know what you want to be or to do when you grow up?!!! “Umm, yes, no, I want to do a lot of things, I want to do everything as long as it makes me happy!” If you find yourself being uncertain o...
Theo Chambers
06 September 2020
Health & Wellness
Personal Development
Book: Theoism – Understanding the Universe Within Author: Theo Chambers Critic: Glenville Ashby, PhD Insightfully engaging is ‘Theoism,’ the latest work of Caribbean thinker Theo Chambers. Written in ...
Theo Chambers
17 July 2020
Health & Wellness
With the widespread impact of COVID-19 on the nation’s health and the rising need for readily available therapies, alternative treatment sources are being studied with enthusiasm.  There is incre...
Travel & Tourism
                                                        &nbs...
Health & Wellness
MESSAGE OF THE DAY:"It is time to access the vast information resources in your soul, which has been guarded by mind control and misinformation of the downpressors for millennia. It is a new day to re...
Travel & Tourism
The United States on Tuesday, July 21, 2020,  signed a $1.95 billion agreement with US pharma giant Pfizer and Germany's BioNTech for 100 million doses of their experimental COVID-19 vaccine, par...
Sharon Parris Chambers
03 October 2020
Travel & Tourism
Africa – October 1, 2020 — The world had better brace itself for the State of the African Diaspora (SOAD) which is steadily progressing its vision and which in late September announced its adopti...
Health & Wellness
St Ann’s Bay, St. Ann, Jamaica. July 16, 2020. Jamaica is poised to begin recovering some of its lost revenue from tourism as it enters its second stage of re-opening its borders to the international ...
Sharon Parris Chambers
03 October 2020
Travel & Tourism
Health & Wellness
Global Spirituality Forum (GSF) produced its 3rd Global Forum on Spirituality and Peace: Lessons from the Caribbean for a Holistic Way of Life on Wednesday, September 30, 2020 on a virtual Zoom platfo...
Travel & Tourism
MANDEVILLE, Manchester, Jamaica, Sunday, July 19, 2020: Minister of Tourism, Hon Edmund Bartlett, has warned that tourism entities that fail to comply with health and safety protocols designed to...