How to handle the money?

August 4, 2010 11:56am CST
I admit that i'm not really good on handling money, I had a hard time on spending them wisely. sometimes i came at the point when leaving home i have enough money but at the end of the day I would shorted and will have to borrow money from others which is an another money issue. What should I do? can you give me some tips on how i will organize my system when it comes to money issue?
6 responses
@puccagirl (7316)
• Israel
5 Aug 10
You need to make a budget. I know it sounds boring, and like it won't help you, but believe me, it will, and you will be glad you did it after a while. There are several tools online that help you make a budget if you haven't made one before, and many of them are completely free to use too. Good luck!
@rastogisw (446)
• India
4 Aug 10
I think you should note down your expenditure every time to understand what are your expenses then try to adjust your money accordlingly by making a list for those expenses. Then you will know that how much money is in your hand and how much you have to use and where you can cut down so that you have to borrow from others.
@skmak110 (79)
4 Aug 10
Once you have an income,you want to be sure that you keep it safe and if possible make it earn more money for you. One of the best way to keep it is by depositing it in a reliable bank, savings and loan or credit union.
@sach143_u (859)
• India
4 Aug 10
Hmm friend me tooo.... I have tried to handle by keeping in account but whenever necessary i use to withdraw immediately and most of the time i use to go out and for that reason i will spent so much of money without any thinking. Thats the main problem for me so i am also thinking how to handle it.
@incus99 (1086)
• Philippines
4 Aug 10
Hello khulith, try to use this equation : Income - Savings = Expenditure Mother Theresa popularized this equation.
• Romania
4 Aug 10
I am not very good in that but i can give you some sugesttions.First you make a list with all you payments: rent, cellphone, services and in stores try to by with a list.