are you a good money manager?
By BYOLA2871
@BYOLA2871 (4371)
South Africa
March 26, 2008 11:15am CST
as members here on mylot we joined for different reasons one of which is to earn extra money,so while talking to some people in the course of my business i have heard complaints of "i cant get the loan to improve my business"but when probed deeply i realise that most of these nguys only need to learn how to manage the little they have so their businesses will improve and not an extra loan,the question there foer is if you earn so much can really say you are a good money manager?
1 person likes this
4 responses
@stephcjh (38473)
• United States
29 Mar 08
I think I am very good at managing my family's money. I work seven days a week and so does my husband. We put all of our money together and I make sure we get what we need or have to have or want. I make sure all of the bills are paid and on time also. I also plan for the future with the money I have left over, if any.
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@shaibayan (70)
• India
29 Mar 08
well that's really great to have both members of family earning.it really helps a family to stay happily other that if not there is any differences between the members of family.your plans of spending one half in giving bills and you make list of how to shop for your daily materials
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@stephcjh (38473)
• United States
29 Mar 08
Yes. It takes more than one income these days just to survive unless you make some really good money. I always set a budget for our money so we make sure to pay the bills and get the extras we need and have to have. I write it all down each month and do the figuring on what is coming in and going out each month and how much will be left over to spend or save.
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@shaibayan (70)
• India
29 Mar 08
its a great way to income in both ways.it really helps a family when both members of the family earns money.the way u spend your money is also very helpful as it sounds to me the way you have said.i need to make some changes the way i spend the money
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@shaibayan (70)
• India
29 Mar 08
i also think the way u do.its not that easy to manage money in different areas of life.had it been that simple there had been no such subjects like accountancy and financial management.so i think there should be right decision made before spending money
@BYOLA2871 (4371)
• South Africa
29 Mar 08
yes in the area of managing money it is actually not just about accountancy or finance its more of common sense which most of the ntime is lacking in the way we spend money i hope you agree with me,but managing our money will go a long way to help us in life and save us lots of frustrations with money
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@kykidd (6812)
• United States
27 Mar 08
I like to consider myself a good money manager. I try to be frugal, but not so tight that I do not enjoy life. I paid off my house 4 years ago and have since bought an apartment house. I have a beacon score around 815 and savings in the bank. I own 3 vehicles and a boat. My only debt is my mtg on my rental property. Hope to pay that off within 7 years.
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@BYOLA2871 (4371)
• South Africa
28 Mar 08
if you ask me i will say you are doing pretty well for yourself,please keep it up,its a good thing you have paid off your house and have some other conveniences of life,keep doing the things that got you there and improve on them so you remain on top
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@BYOLA2871 (4371)
• South Africa
30 Mar 08
please it will really help to manage your resources well cos its the basis of achieving wealth,i wish you all the best
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