Tips on Money Management
Author: Jewel Sparkler
Pay yourself first
Pay yourself first means to allocate a portion of our revenue from our pocket money savings before making any payment, the more urgent it is or even when it seems that then we could not meet him.
For example, if saving for our stock we have determined that we spend each month on 15% of our revenues, we must always comply with this payment, before paying any service tax or debt.
The pay yourself first allows us to acquire the discipline to save, and also forces us to strive for more money to deal with suppliers, government or creditors.
Automate payments
To pay us to ourselves and not be tempted to use the money before a board is to automate the payment, namely, to ensure that this payment is made automatically without us having to worry about it.
To do this, we can ask your employer to deposit part of our salary to our stock savings bank, or ask the bank each month take a percentage of money from another account that we have and it is intended to save our stock .
They can also use automatic payments for other payments, for example, to pay the mortgage, services, investments, etc., And thus achieve more efficient management of our money without worrying about it.
Posted in 
Tags: