Topic: Do you have..."Financial Management"???

["Phoenix"]

Financial Management is very important to us. This will serve as your basis in regards to the daily needs, your expenses and your savings. We have different techniques or procedures on how we manage financially.

Many people do not apply financial management. They are following basic and simple routine of managing.

The big question is??.
Are you aware of this thing?
Are you applying this?
What is the importance of financial management?

My co-spies it's time to share you knowledgeable ideas regarding this.....

[kinjikitatani]

first and foremost, it's not how much you earn.  it's how much you spend.  that's what they always say.  but making a budget is so much easier if your basic pay is above minimum.

anyway, on my part, i start with my net pay for the entire month.  next comes the itemized expenses.  btw, your budget tells you the things you cannot affort, but doesn't prevent you from buying them.  it all boils down to discipline.

once you have your budget, you distribute them according to your payroll period:  in my case it is 15th and 30th.  so, at one glance, you can have your budget for the month.  and just a reminder, you don't spend what you don't have. 

anyway, it's always better said than done.

[foreveryoung]

In some way or another we as individual has its own financial management, if we have something to spend.... hehehehe that the irony of it....

Well as they say, dont spend within the bounds of your income, you have to save at least 10% of your income....

anyone who can at least give us ideas/hint/trend/tactics to gain financially with this kind of management?

i will wait them for your answer

["Phoenix"]

what a wonderful sharing of knowledge kinji & foreveryoung....

i'm learning from this......

Is there anyone, who have fruitful ideas regarding this???

[azriel]

isang ginagawa namin is to keep track of everything we spend. as in lahat. nung nag-iisa pa lang ako dito, i do that, writing everything in my small notebook. nakalista na din dun yung lahat ng fixed expenses, at kung magkano yung sweldo, magkano yung pwede pang gastusin, at kung magkano yung dapat ilagay sa savings kung meron pa. as one of you said, discipline plays an important role dito. and one more thing, kung kaya, yung sweldo ng isa inyong mag-asawa diretso na sa savings. yung sa isa lang ang panggastos. pag naubos na yung sweldo nung isa, wala na kaming pera. it works for us.

[AzraelGriever]

my couse is "bachelor of science in business administration major in computer application" and im taking it next term.

["Phoenix"]

very good course azrael....

hope someday you would share your knowledge regarding this....

it is very important each everyone of us....

and i'm aware for this matter.........