How do you manage your finance efficiently?

India
May 31, 2024 11:13am CST
This has been a challenging question for some. With the rate of inflation, plus decreasing savings, how do we manage our finances ? For me, I reduce my unwanted expenditure, invest in stocks and mutual funds and then having a budget for everything. The focus this year has been to reduce the debts. Not yet having a breakthrough in the areas and long way from achieving financial independence. So How do you manage your finance?
4 people like this
4 responses
@HaruLoid (1589)
• Philippines
1 Jun
I'm just doing my best not to spend too much and not to even use too much electricity and water.
1 person likes this
@HaruLoid (1589)
• Philippines
1 Jun
@RevivedWarrior Thank you.
1 person likes this
• India
1 Jun
That is absolute care for environment and people around you. Great point
@May2k8 (18311)
• Indonesia
31 May
What my parents taught me was don't go into debt, and try to keep saving even a little... if possible, I have to keep turning over that money until I produce something that can meet daily needs. Currently, I am still struggling hard, especially since I have been unemployed for quite a long time.
1 person likes this
• India
1 Jun
Thats an important lesson not to go into debt which we can never manage. I hope you find success.Keep trying with all your might!
1 person likes this
@maclanis (2406)
• Belgium
31 May
I invest in stocks too and I make sure to set aside part of my paycheck every month. I don't budget all that much, but do pay attention the prices when I go shopping. I also look out for deals.
1 person likes this
• India
31 May
Looking for deals is an important aspect. Thanks for sharing
1 person likes this
@akanetuk (2135)
31 May
Savings remains the greatest attributes, to overcome financial difficulties.
1 person likes this
• India
31 May
True! Agreed