X

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
  23144 Hits

Subscribe

Shopping Mall

Latest Bloggers

Felipe Noquera
1 post
Felipe Noquera has not set their biography yet
Mark Purai
9 posts
Mark Purai has not set their biography yet
Nordia Panther
6 posts
Nordia Panther has not set their biography yet
Daena-Shae McIntosh
3 posts
Daena-Shae McIntosh has not set their biography yet
Britany Forsythe
8 posts
Britany Forsythe has not set their biography yet

Calendar

Wait a minute, while we are rendering the calendar

Random Post

Britany Forsythe
26 February 2021
Travel & Tourism
Health & Wellness
Thank you Minister Ed Bartlett for your advocacy for more vaccines to under- served communities such as those in the Caribbean, based on your research.My question is : Can WELLNESS Solutions as a Life...
Mark Purai
30 April 2021
Travel & Tourism
Google is saving $1 billion per year as a result of employees working from home...   By MARK BERGEN - BLOOMBERG APRIL 28, 2021               With COVI...
Mark Purai
08 May 2021
Travel & Tourism
        How To… Start A Wholesale, Distribution Business And Be Successful   A wholesale distribution business is where you buy from a manufacture or a mega distributor and se...
Social Media
Business
Thursday, March 4, 2021 (Kingston, Jamaica, W.I.) The State of the African Diaspora, Jamaica on March 1, 2021 rolled out its campaign to sensitize, educate and register Jamaican citizens to access the...
Theo Chambers
12 May 2021
Travel & Tourism
The fuel shortage we were afraid of has arrived well ahead of schedule and leaving parts of the East Coast running on empty.  CNN NEWS  Several gas stations along the East Coast ran out...
Britany Forsythe
10 December 2020
Personal Development
The world has changed into a more digitalized era, in which the use of technology has increased. The very mode through which we communicate has also changed and emails have now become increasingly pop...
Theo Chambers
29 August 2021
Health & Wellness
BY Theo Chambers I have had the opportunity to live a disease-free, sickness-free, headache-free life, for the last 72 years, except for my Quadruple Heart Bypass, which I had in 2015, due to the fact...
Theo Chambers
29 August 2021
Health & Wellness
By Theo Chambers I was asked by various individuals at different times the following questions:  Theo, what are the products that you are using or can recommend helping my Stomach aches, Diabetes...
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...
Sharon Parris Chambers
01 February 2021
Travel & Tourism
On January 19, 2021 Tourism Minister, Edmund Bartlett announced his  heartfelt congratulations to renowned hotelier, Adam Stewart, on his appointment as Executive Chairman of Sandals Resorts...
Nordia Panther
05 March 2021
Personal Development
MONTEGO BAY, JAMAICA- March 5, 2021 – The renowned international storyteller, Dr. Amina Blackwood - Meeks delivered a message which shifted perspectives at the Sistas of D Ankh & Ma'at Sisterhood ...
Sharon Parris Chambers
03 October 2020
Travel & Tourism
Reader, who was elected during the associations' 59th annual general meeting, succeeded Omar Robinson, who served in the capacity for the last four years. “I must extend my heartiest congrat...
Theo Chambers
03 April 2021
Travel & Tourism
Source - The Washington Post The Eastern Caribbean has created its own form of digital currency meant to help speed transactions and serve people without bank accounts. The Eastern Caribbean Central B...
Travel & Tourism
Social Media
Toronto, (March 20, 2021). A bronze bust of Marcus Garvey will be installed at the African Union headquarters in Addis Ababa, Ethiopia, by August 17 to mark the 134th birthday of Jamaica's first natio...
Travel & Tourism
                                                        &nbs...
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...
Travel & Tourism
KINGSTON, Jamaica; July 16, 2021. Minister of Tourism and Co-Chair of the Global Tourism Resilience and Crisis Management Centre (GTRCMC), Hon. Edmund Bartlett, and Kenya’s Cabinet Secretary, Ministry...
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...
Daena-Shae McIntosh
02 March 2021
Personal Development
We live in a world where we are constantly on the go. We are adamant about getting our tasks done as quickly as possible so that we can start the next thing on the list and this becomes an endless cyc...
Mark Purai
24 July 2021
Travel & Tourism
  By: LALAINE C. DELMENDO | January 27, 2021 Global Property Guide     Jamaica’s housing market remains buoyant, despite a struggling economy caused by the COVID-19 pandemic.&...
Theo Chambers
15 August 2021
Technology and AI
Shelly Palmer Sales of NFTs have topped $2.5 billion since January 2021, and more than $2 billion has been invested in the sector this year. Here’s a quick overview of the NFT projects and transaction...
Mark Purai
06 April 2021
Travel & Tourism
It is no secret that Real Estate has been the greatest wealth builder with the least fluctuations in history. Real Estate is not just a hedge investment during the fall of the stock market but a solid...
Theo Chambers
09 May 2021
Technology and AI
BY SHELLY PALMER - As she approached the entrance to the club, she gave the frame of her new prescription AR glasses a gentle squeeze. When she got to the door, it appeared to turn green, indicating r...
Travel & Tourism
Paris, July 12th, 2021 The State of the African Diaspora is proud to announce this historical piece of news : last week, the Government of Belgium officially presented its roadmap for restitution. Dur...