kayode10
VIP Contributor
in the basic economy it is said that human wants are unlimited why the resources are limited. This is the reason why it is very important to keep track of your financial intelligence.
It is very important to have full attention all your personal finance so that you will always be on the right track with your finance. this is the reason why I create this post so that you are going to know some of the things you can do to improve your Personal finance.
Pay yourself first: the first thing you need to do after you receive your income is to pay yourself first. The problem is that most people usually put themselves last when it comes to those who are going to receive from their incomes.
You should dedicate at least 20% of your income for yourself before you start paying any other person. Think about it the government usually pay themselves immediately after the money hit your account. no matter how the deduction you are still going to live comfortably with the rest of the money.
Set aside fund for insurance: another thing you need to do is to set aside some phone for insurance. having no insurance is like driving without a steering and this can be very dangerous. you should talk with the nearest insurance broker closer to you and discuss the type of package that you fit into your income.
Open a dedicated account: the nice thing is we have a dedicated account for your savings. it is not a good idea to meet your savings together with the expenses or you load it on your credit card. this is done in order to prevent encroachment into your savings with your expenses.
Track your spending: you need to engage a self-analysis and you can only do this by tracking your spending. it'll be pretty much easier for you to bring yourself under control once you discover that you are spending more than necessary.
Multiple streams of income: the next thing is to come up with multiple streams of income for yourself. it can be very dangerous to depend on one source of income at this present economic situation.
Home cooking: is another effective strategy you can use in order to improve your finance as you will save more money and still maintain the health of your family.
Increase your financial IQ: another thing you can do is to increase your financial IQ this help you to be better with your money and management.
It is very important to have full attention all your personal finance so that you will always be on the right track with your finance. this is the reason why I create this post so that you are going to know some of the things you can do to improve your Personal finance.
Pay yourself first: the first thing you need to do after you receive your income is to pay yourself first. The problem is that most people usually put themselves last when it comes to those who are going to receive from their incomes.
You should dedicate at least 20% of your income for yourself before you start paying any other person. Think about it the government usually pay themselves immediately after the money hit your account. no matter how the deduction you are still going to live comfortably with the rest of the money.
Set aside fund for insurance: another thing you need to do is to set aside some phone for insurance. having no insurance is like driving without a steering and this can be very dangerous. you should talk with the nearest insurance broker closer to you and discuss the type of package that you fit into your income.
Open a dedicated account: the nice thing is we have a dedicated account for your savings. it is not a good idea to meet your savings together with the expenses or you load it on your credit card. this is done in order to prevent encroachment into your savings with your expenses.
Track your spending: you need to engage a self-analysis and you can only do this by tracking your spending. it'll be pretty much easier for you to bring yourself under control once you discover that you are spending more than necessary.
Multiple streams of income: the next thing is to come up with multiple streams of income for yourself. it can be very dangerous to depend on one source of income at this present economic situation.
Home cooking: is another effective strategy you can use in order to improve your finance as you will save more money and still maintain the health of your family.
Increase your financial IQ: another thing you can do is to increase your financial IQ this help you to be better with your money and management.
