Ralphjoe
Active member
The importance of spending your income in the right way cannot be overemphasized. A lot of people spend their income frivolously on unnecessary things that is off no great benefit to them. Spending recklessly can make even the most richest man to go broke or bankrupt so managing your income the right way can ensure that you get the greatest satisfaction for your earnings.
The formulas that one should use when it comes to utilization of your income that you can get maybe on a weekly, monthly or yearly incomes must be very effective at solving your financial needs.
The method in which I utilise my earning with is by segmenting them into different aspect of my daily needs and want. Twenty percent (20%) of my incomes goes to my savings every month while 50% goes into my investment portfolio and the remaining 30% is for my recurrent expenditures.
How do you spend your income?
The formulas that one should use when it comes to utilization of your income that you can get maybe on a weekly, monthly or yearly incomes must be very effective at solving your financial needs.
The method in which I utilise my earning with is by segmenting them into different aspect of my daily needs and want. Twenty percent (20%) of my incomes goes to my savings every month while 50% goes into my investment portfolio and the remaining 30% is for my recurrent expenditures.
How do you spend your income?