Good at Money Management

By Raj
India
February 27, 2021 4:42am CST
I have seen people that are too bad with money management and whenever they have money in plus they tend to over spend or make those purchases which they don't even require or they go for luxuries which make them bankrupt very soon. I am actually blessed with the savings habit and I do well to never over spend may be because am never with money in plus Are you good at spending and don't over spend when you have money in excess?
14 people like this
16 responses
@DaddyEvil (137259)
• United States
27 Feb 21
No, I'm not good with money, but Pretty is, so I let her take care of our money.
4 people like this
• India
28 Feb 21
That's good to take help of someone you trust
3 people like this
@vandana7 (100303)
• India
28 Feb 21
We have a saying - Pandit putra parama suntha..meaning the child of a knowledgeable person is likely to be ignoramous. Reverse holds good too. Evil grin.
3 people like this
@DaddyEvil (137259)
• United States
28 Feb 21
@vandana7 What about the smart and handsome parent of a good child? You know I fit the first two... and Pretty is beautiful and smarter than I am. She had to learn from someone...
1 person likes this
@louievill (28851)
• Philippines
27 Feb 21
I was bad with money when I was young, later I developed a habit to save until I also realized and learned that although saving is good, a certain portion of savings should also be invested.
3 people like this
@vandana7 (100303)
• India
28 Feb 21
I think we learn over a period. But I also feel it needs to be taught in school. For me history is not as important as money management as a subject in school. What do you think? Why should we not understand such things and right and wrong so that we have fewer cases in courts.
1 person likes this
@louievill (28851)
• Philippines
28 Feb 21
@vandana7 since financial literacy is not being taught in school, it's up to us to learn it via good books like The richest man in Babylon or Rich Dad, Poor Dad. Our present educational system veers more towards study hard, get a good job and retire early rather than save, put up your own business, be innovative and make sound investments. I think big companies like it that way so they would have an endless supply of workers to make them earn more and get bigger instead of having competition
2 people like this
• India
28 Feb 21
Yes alone savings isn't good and it should be invested in a way suitable for us.
3 people like this
@May2k8 (18366)
• Indonesia
28 Feb 21
I buy basic necessities and I can save the rest and invest a few percent of it.
3 people like this
@May2k8 (18366)
• Indonesia
28 Feb 21
@Butterfingers It is an investment that is overseen by the financial services authority, it only available in my country.
2 people like this
• India
28 Feb 21
Very good. Where are you investing your savings?
2 people like this
• India
28 Feb 21
@May2k8 Good
1 person likes this
@anil02 (24688)
• India
27 Feb 21
I am also believe in saving and saving each month. I am not a spender
3 people like this
@vandana7 (100303)
• India
28 Feb 21
Saving and investing or merely leaving there in the bank?
2 people like this
@anil02 (24688)
• India
28 Feb 21
@Butterfingers I mean that I like to spend only to meet my basic needs. I don't believe in show off
2 people like this
• India
28 Feb 21
You don't spend or spend cautiously?
3 people like this
@garymarsh6 (23405)
• United Kingdom
27 Feb 21
A bit of both I buy what l need rather than what l want and save for a rainy day!
3 people like this
• India
28 Feb 21
Yes mix of both is fine
3 people like this
@sh2ker (503)
• Bury, England
27 Feb 21
I’m pretty good with money. I have earned a little extra the last few months and I have saved it.
2 people like this
• India
28 Feb 21
This is a very good thing and savings are so important
1 person likes this
@sh2ker (503)
• Bury, England
28 Feb 21
@Butterfingers I have been doing a lot of overtime this month so will have a lot to add to my savings. Are you good at saving?
1 person likes this
• India
28 Feb 21
@sh2ker yes I try to
@prinzcy (32305)
• Malaysia
28 Feb 21
I do over spend sometimes But at least I do have savings. I think it's really important to have savings. You'll never know when your life will take turn for the worse.
1 person likes this
• India
28 Feb 21
Yes we all make mistakes but better to keep ourselves up with savings
1 person likes this
@vandana7 (100303)
• India
28 Feb 21
I am on miserly side, while my father is what you describe, though he is miserly on some issues.
1 person likes this
• India
28 Feb 21
I guess am misery too on few things
1 person likes this
@kaylachan (69864)
• Daytona Beach, Florida
27 Feb 21
I like to think that I am. I always make sure I have a little bit in my bank account each month, just for those in-case moments. It's not as much as I should have, but it's enough for groceries at the store or something like that.
1 person likes this
@kaylachan (69864)
• Daytona Beach, Florida
28 Feb 21
1 person likes this
• India
28 Feb 21
Yes we should because it's like our savior for the future
1 person likes this
@msdivkar (23359)
• India
27 Feb 21
I used to spend a lot during my younger days but now I have become more cautious in spending money.
1 person likes this
@msdivkar (23359)
• India
2 Mar 21
@Butterfingers You are right. Much has changed with age in terms of money management.
1 person likes this
• India
28 Feb 21
Yes we learn with age and things that happen in our life
1 person likes this
@cacay1 (83505)
• Cagayan De Oro, Philippines
28 Feb 21
Before pandemic I used to shop in malls, dine in mall, now I , you and all are under house arrest, so no more mall.
1 person likes this
@cacay1 (83505)
• Cagayan De Oro, Philippines
2 Mar 21
@Butterfingers yes, to avoid the risk.
1 person likes this
• India
28 Feb 21
Yes that's important too
1 person likes this
@sophie09 (34236)
• Indonesia
27 Feb 21
i might say that im good at managing my mymoney
2 people like this
@sophie09 (34236)
• Indonesia
28 Feb 21
@Butterfingers yeah im glad that i can
2 people like this
• India
28 Feb 21
This is a very good quality you have
2 people like this
@ladyhero (3846)
• Indonesia
27 Feb 21
I can save money, and manage it, some I save, some I use as selling capital online
1 person likes this
• India
28 Feb 21
Yes good thing because we need to invest too
1 person likes this
@Laurakemunto (12862)
• Kenya
28 Feb 21
Yea i track and manage my money
2 people like this
• India
28 Feb 21
Good thing
1 person likes this
• Kenya
28 Feb 21
1 person likes this
• United States
28 Feb 21
There are times when I overspend and I regret it. However, I try to make wise decisions with my purchases and with my savings too. It's been harder for me to do this lately.
• United States
28 Feb 21
@Butterfingers Exactly, we need to learn from the mistakes and find ways to not let it happen again.
1 person likes this
• India
28 Feb 21
@ScribbledAdNauseum yes. I hope you are having a great day
1 person likes this
• India
28 Feb 21
Yes we all make mistakes but better to limit these and control ourselves
1 person likes this
@Janet357 (75646)
27 Feb 21
oh this is my quality. Am a frugal person. Though I don't starve myself. But I keep on wearing the same clothes and shoes.
1 person likes this
• India
28 Feb 21
Yes we should save money and not spending all the time on clothes and shoes is good