Friday, 16 August 2013

Simple Money Management

A good budget has five key considerations:
  1. Giving back-could be tithing for the religious or charity work. Beginning here shows you trust in divinity more than the money itself.
  2. Savings and Investments-this is the only sure way to ever become wealthy
  3. Taxes-you got to be responsible, every government relies on taxes to survive
  4. Fixed Expenses. This includes things like mortgage, utilities, cars, etc.
  5. Discretionary Spending This includes entertainment, clothes, furniture, etc.
There we have it- basic money management.
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