10:00 31 December 2013
Managing personal finances is something we learn well into adulthood. They do not generally offer courses in primary education. As a result, many people end up having problems with debt because they do not know how to create a budget or plan for things like retirement, emergencies and large expenses.
Here are a few tips to organising your personal finances:
Working personal finances will only be successful if you create a plan and stick to it. Many people create a budget and then do not like the way it restricts their spending. However, that is the entire purpose of a budget. If you have available assets, you can set aside money for impulse purchases, if not concentrate on getting to the point where you have discretionary funds.
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