The ability to manage money, along with the ability to earn money is one of the most important factors that affect the financial well-being.
There are simple ways that enable us to develop this skill.
Have you encountered a situation where a person withrelatively good earnings can not save a small amount of money to buy furniture or postpone vacation, while others are earning less, it can afford and then, and more, as well as manage and put some money into a bank account?
Or another situation - two people receiving the same salary, one eternally in debt, and the other he gives money to debt?
Many sincerely believe that the most important issue is the size of the salary, while there is another factor that affects the financial well-being not less - is the ability to manage money.
This ability allows you to not only save money and does notexpend material resources to waste, but also to guide them in the direction that is in the future will be the most profitable. Without these two components of any income or savings can be lowered as soon as possible.
To learn how to manage money, you can:
1. Maintain a written record of all expenses.
The ability to manage money includesconscious attitude to this area. When the process waste occurs erratically and under the influence of external stimuli (advertising or in-store or on sale), then spent much more money than planned and purchased not that really want to buy. Usually after a chaotic waste of money people feel sorry for the many purchases or say that might buy something else.
A written account of planned expenditure allowslearn how to manage money with great efficiency and be less prone to emotions when making purchases, and as a result make fewer mistakes in this area. Write a list of the necessary expenses for the month, based on the amount that you have at this time. You can also write a separate list before going to the store or to the mall. This simple technique can change your attitude to money and helps to streamline this sector.
If you get pleasure from the processshopping, leave a strictly fixed amount for unexpected purchases. You will be able to spend it, if there is such a possibility, but it is necessary to adhere to the planned amount.
2. Track your true needs and emotions in all aspects of money orders.
Conscious attitude towards money is necessary in order to avoid errors that can occur when thoughtless disposal of them.
Imagine two situations. In one of these people manage money is completely under the influence of external factors. There is a need or strong stimulus, and he rushes to buy a product or service. In this situation, it is not the master of its financial sector. They control the external stimuli. Such a person is subservient to the industry of consumer goods and services, and it is advantageous simply to impose unnecessary and superfluous, to get as much profit.
The second situation. If a person is clearly track their true needs, conscious of their actions and deliberately commits to achieve their goals. Such a person will not be distracted by the thoughtless waste just because of the manager really wants.
Try to understand clearly the meaning of shopping and services that are going to acquire. Why do you need it? What it will give a positive in your life? What will provide?
If you answer these questions clearly, therefore, exclude the possibility of chaotic loss of money on something that does not bring any benefit.
Using these two techniques allows gradually develop the ability to properly manage the money.