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- Money Pro 1 9 – Manage Money Like A Professor
- Money Pro 1 9 – Manage Money Like A Project
- Money Pro 1 9 – Manage Money Like A Product
- Money Pro 1 9 – Manage Money Like A Problem
By Joan Igamba
Things 3 5 – elegant personal task management. You know you should budget your salary but are you? Creating a budget and sticking to it is the first step to being on top of your finances.
Personal Financial Plan Example (Manage Your Money Like a Pro) If you want to achieve financial success, it’s important to set specific personal financial targets. Let me walk you through what a personal financial plan entails, give you a personal financial plan sample and illustrate to you with a hypothetical personal financial plan example. Money management is the process of expense tracking, investing, budgeting, banking and evaluating taxes of individuals. Money management is a strategic technique to wealth thru tracking on Cashflow. Tips for improve your financial status.
Monefy Pro – Money Manager v1.9.15 build 1169 Paid Requirements: 4.1+ Overview: How to track your expenses successfully? We know that it’s easy. You only need to add each expense you do no more than that! And Monefy is going to help you. How to Manage Money like a Pro. Diana Smith, Negosentro Managing money can help you save better, improve your bottom line, and invest wisely once the cash piles up. To really make informed financial decisions and keep tabs on spending, you need a thorough plan as a roadmap. Manage money like a pro. Change your spending behavior for good. Money Pro is the one place for bill planning, budgeting and keeping track of your accounts. Easy sync and iPhone/iPad versions combined in one app. Money Pro works great for home budgeting and even for business use.
It allows you to spend your money wisely. It is also a very good way to help you stick to your financial plans.
I understand how budgeting can seem intimidating but you can follow these steps to set up a realistic budget that gets you where you want to go.
1. Set a Budget Period
When it comes to budgeting your salary, most Kenyans assume a budget should be set monthly. However, it all depends on your spending habits and how often you get paid.
You might receive your paycheck weekly or every two weeks. Build your budget around whatever period that works for you.
It might also be easier for you to track your expenses week to week, as weekly spending is easier to break down compared to a whole month
2. Track Current Spending Habits
![Pro Pro](https://petrofilm.com/yahoo_site_admin/assets/images/4444.2045148_std.jpg)
Before you can create a realistic budget, you need to know what your current spending habits are.
You won’t know if its is realistic until you’ve got an idea of where your money is currently going.
Money Pro 1 9 – Manage Money Like A Professor
Track your spending for about a month. See what things you’re spending money on that you need to stop spending on.
Money Pro 1 9 – Manage Money Like A Project
4.Identify your Personalized Financial Goals
Budgeting will help you achieve more with your money. When you set your budget, align it with your goals in order to figure out how much you need to set aside to achieve each goal.
If you don’t use your budget to make sure you’re working towards goals, all you’re doing is shifting spending and you’ll still have nothing to show for your money in the end.
READ ALSO>>> 3 Budgeting Styles To Adopt In order To Be Financially Stable
Money Pro 1 9 – Manage Money Like A Product
5. Choose a Tool to Make Your Budget
This entirely depends on your preference. If you like to write things down, then use a pen and paper.
If using an app is more your style then go for it. There’s free apps such as Mint that can help you budget your salary.
If you don’t want to download any apps, an Excel Spreadsheet will do just fine.
Now that you’ve chosen which tool will work for you, input the numbers in the form of categories.
Things like food, bus fare, fuel, entertainment, just to name a few, could help you get started.
6. Hold Yourself Accountable
Determine how you will stick to your budget by remaining disciplined enough. If you’re finding it hard then they are some techniques that could help. They include:
- Automating bills: When money goes where it’s supposed to go without you seeing it then you are less likely to spend it.
- Track your spending by doing a weekly review: This will help you remain honest with yourself as you check whether you really are sticking to your budget.
RELATED ARTICLE >>>5 Bad Financial Habits In Your 20s That Will Make You Poor In Your 30s
The biggest advantage of budgeting whatever salary you might have is that it helps you realise if you’re spending more than you make.
If you’re trying to pay off bills or save for a dream holiday, budgeting your salary is the first step toward making your financial goals a reality.
76 Have you ever wonder what makes you smart money manager. You know, you don’t require any financial degree to become financial expert. No, I don’t mean to become professionals who are helping others to manage finance.
But I recommend you to be smart enough to manage your money. Or at-least you can assessing the opportunity you came across thru. Or you can check your adviser’s advise.
Money management is the process of expense tracking, investing, budgeting, banking and evaluating taxes of individuals. Money management is a strategic technique to wealth thru tracking on Cashflow.
1. Have financial goal : To hit the goal, you have to have the goal first. There are so many plans you can have. But what I prefers is Start with budget plan. This is the most basic but really necessary and often ignored by the most people. This will be really torch barrier and even eye opener about your cashflow. Because people often ruin their hard money for nothing. Although they are working very hard but not thinking about the difference need and greed.
2. Budget for everything and everything for budget : Being a good money manager means you have to stay on top of your finances all the time. The most simple way to do this is to have a regular tracking about the budget. If you want to go further well, you can consult your personal finances on your own. The important thing is to check if your budget is still aligned with your current priorities. Sometimes, as we age, our priorities change as well. You have to make sure your budget will compliment all these changes.
3. Never shop without a list : in today’s era of consumerist requires us to purchase basic necessities. You can grow your own produce but there are things that you still need to buy in the grocery, retail stores, etc. If this is inevitable, then it is best for you to just shop with a list. This is the best way to ensure that you will stick to your budget and a great way to review what you have at home before you go on a shopping errand. That is how you can be a smart spender and manager of your money.
4. Save and invest with clear purpose : Many of the times we break our savings and investment on the things which we never wanted. We buy only because we wants to showoff. Showoff to the neighbor, showoff to the society or even sometimes showoff to our relatives. By having predefined financial goal, stick to budget and clear purpose. We will have some will power and purpose not to break all savings and investment.
5. Monitor your credit card : Most important thing is you should not use credit card. Because credit card is ruin our habit of spending. But if you are using it, make sure it’s used only in necessity and on required things only. Always monitor credit report such; checking all credit card bill in details, how and when you have used it, on which types of things have been purchased thru it, and lastly never forgot to pay timely.
6. Balancing is the key : Always keep balance on your savings and expenses. You should not go hard on savings or investment as your will power may go down any times and you will ruin all your hard cash for nothing. Because our mind is very powerful so, keep balancing on savings and enjoyments as well. Rule of power is “More than required control is always backfire”. So always make healthy balance.
7. Be updated by investing in yourself : Always remember, self investment is the best investment. As self investment will gives you highest return on investment and at the same time it will improve your life as well. You can investment in yourself by purchasing books, learning new skills, by purchasing online course or by attending powerful training.
Money Pro 1 9 – Manage Money Like A Problem
Key Highlights :
![Money Money](https://victormatara.com/wp-content/uploads/2017/10/How-to-Check-your-Equity-Bank-Account-Balance-Online-2.png)
Have clear goals
Make Budget
Never shop without a list
Save and invest with clear purpose
Monitor your credit card
Investment in self
Make balance on income and expenses
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