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
  19775 Hits

Subscribe

Shopping Mall

Latest Bloggers

Felipe Noquera
1 post
Felipe Noquera has not set their biography yet
Mark Purai
8 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

Business
© AfreePress- (Lomé, April 8, 2021) -Give Africa back its place in the concert of nations, work to restore the image of Africa's lost identity and create a synergy of action and ideas from the African...
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...
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...
Paula Robinson
12 October 2020
Health & Wellness
Business
Life happens, it's a bed of roses with the thorns, you get the softness with the prickings. When you have to deal with difficult people here are some valid points of intervention. A course in Life Spa...
Travel & Tourism
Social Media
Business
Paris, Tuesday 27 April 2021. The Pan-African Journalists' Caucus was launched by the African Diaspora State on Tuesday 06 April 2021. At this inaugural meeting, the decision was taken to set up a ser...
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...
Britany Forsythe
16 December 2020
Health & Wellness
Castor Oil and Olive Oil are popular in many Jamaican homes and many have yet to unlock and utilize the hidden benefits behind these products.  Olive Oil is pressed and extracted from the olive f...
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 ...
Britany Forsythe
10 December 2020
Travel & Tourism
KINGSTON, Jamaica; December 09, 2020: Tourism Minister, Edmund Bartlett has been selected to chair a high-level Organization of American States (OAS) Working Group, which has been charged with th...
Sharon Parris Chambers
08 January 2021
Travel & Tourism
As I confront the sadness of the loss, I recognize the great memories and contribution he has made to me, and my journey in Community Tourism. I met Butch upon his entry into the tourism industry and ...
Theo Chambers
23 September 2020
Travel & Tourism
The Hon. Edmund Bartlett today was welcomed to the International Tourism Hall of Heroes recognizing his wide-ranging expertise and accomplishments in the political arena. Honorable Edmund Bartlett has...
Mark Purai
06 April 2021
Travel & Tourism
Your investment portfolio will experience volatility over time and will have periods of loss, even the most well-allocated portfolio.  The key is to diversify your portfolio with low or non-corre...
Travel & Tourism
The Food Hygiene Bureau in association with Wellness Tourism Network will host our 1st Webinar on Covid-19 Risk Management, Workplace Protection.  Please see below our meeting instructions.    Ma...
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...
Theo Chambers
15 April 2021
Financial & Fintech
Business
By Shelly Palmer As of this writing, Coinbase's market cap exceeds $86 billion. (I won't weigh in on the Wall Street aspects of this direct listing on Nasdaq; you can find that info online.) Quick fac...
Britany Forsythe
26 February 2021
Travel & Tourism
Financial & Fintech
Business
Wed, February 24, 2021 The East Caribbean Central Bank (ECCB) has executed the first retail transaction for its “DCash” digital currency.The successful transaction using the central bank dig...
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...
Nordia Panther
02 April 2021
Caribbean News
It has sauntered to many people’s doorsteps and others sit in terror as they hope that they will never one day be as unfortunate. The hope is that luck will not run out on that 84 year old grandmother...
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...
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...
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...
Nordia Panther
18 March 2021
Health & Wellness
Wednesday, March 17, 2021 (Montego Bay, Jamaica, W.I.)  In honour of Women’s Month, Sistas of D Ankh and Ma’at Sisterhood Circle welcomed healing directions from guest speakers Sa ‘Enya McBean and Dr ...
Britany Forsythe
03 December 2020
Travel & Tourism
Business
There are 24 hours in a day, and what you accomplish in a day is based on how effectively you can manage your time. You do not need more hours, what you need are strategies and tips to effectively and...
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...