Imran Noori
Verified member
There are some people who don't know too much about personal finance and are just wasting their money without noticing or caring about their future.
I personally divide my income into three portions, first portion for investments, second portion for savings and the third portion for daily expenses, I budget money for each portion according to necessity but sometimes I budget more in daily expenses.
I personally divide my income into three portions, first portion for investments, second portion for savings and the third portion for daily expenses, I budget money for each portion according to necessity but sometimes I budget more in daily expenses.
Investment is very important in my personal finance because I need to build a big passive income stream that could help me in future, I invest in stock market and crypto market.
Savings are backups for rainy days, when I have savings then I won't need to borrow money to solve my problems.
Daily expenses are a necessity, we can not put all of our incomes in savings and investments because we need to support ourselves and our families too.