CAREER DEVELOPMENT-MONEY MGT

IMPROVE ON YOUR SAVING AND INVESTMENT

Saving is important but investment is more important. Time value of money has it that money should be kept in a purse that will transform to a multiplier effect. Let your investment take charge of your money management.

CAREER DEVELOPMENT-MONEY MGT

PRACTICE FRUGALITY

Parkinson's law states that expenses rise to meet income; meaning you might find yourself spending more and more until you exhaust your total income.

Before you spend any money question your expenditure and make sure items of high importance be considered first and items of less importance might follow latter.

When you plan, ensure consider how much you have at hand and your immediate need then go ahead and make your purchase.

WARNING!!!

Be careful of impulsive buying, impulsive buying people buy with little thought. Don't be a victim of impulsive buying.

CAREER DEVELOPMENT-MONEY MGT

MAKE IT A LIFE LONG HABIT

Life is full of ups and down, there are lots to do with money but your spending habit will determine if you will be able to stand the rainy day if it eventually come.When you make saving a long life habit,it make it easier for you to plan your project without necessarily need to borrow extensively, and if you will do it will be mega. Your saving is your investment and the earlier you form an habit of putting something aside the less the risk of uncertainty and bankruptcy.

CAREER DEVELOPMENT-MONEY MGT

MONEY MANAGEMENT
                                                      Save Throughout Your Career

If you have a job that takes care of you and your family, endeavor to save substantial amount of money for the rainy day.The only way to achieve this is to maintain a standard budget. Budgeting over time is a simple tools used in financial management. Those who maintain a standard budget hardly get broke. Maintain a standard savings, if possible ask your bank to place a direct debit mandate on a certain amount of money at a particular time if you are a salaried worker. If you are a business man ask your bank to deduct certain amount of money from every check paid in into a different account that is protected with another mandate.