INCOME
Managing your finances is an essential aspect of financial freedom.
Handling it wisely
will
save you from
financial stress. Creating a monthly budget is the best way to keep track of your
finances.
Top tip: It is to create a budget that reflects your goals and
financial situation.
EXPENSES
Effectively managing your finances is crucial as this limit unnecessary spending. The
best
approach is
prioritising your needs first, and being mindful of your wants. Review your monthly expenses to keep
track
and identify non-essential expenditure that can be cut. Reassess your financial situation and adjust
your
budget to your financial goals.
SAVINGS
Rule 1: As your income increases, increase in investing and savings! Managing your
savings is
crucial for
building financial security and achieving your long-term goals. Here, it is where you need to befriend a
financial advisor that will help you with plans that fit your financial needs.