Money Management

Is one million dollar enough for you?  Well, for some, one million dollar is too small while, for others, it is a day-dream amount.  The sufficiency of this one million dollar is subject to the money management skill of each individual.  There are people who earn millions, or even billions, a year but still claiming "money not enough".  Only money management can provide the answer.  In fact, money management should be considered more like a skill on how to spend money than how to earn.



Money management involves in how your set your budget towards your financial targets.  It also involves in forecasting and how you carry out your budget (especially on spending) through effective monitoring.  It needs your effort on recording every single cent you earn and spend.  In other words, money management is actually giving you a road map to your targeted financial destinations.



There is only one way to sharpen money management skill.  That is, keep practicing while talking to the people who are doing this, reading related blogs, books, articles and attending seminars.  Make it become your habit.  You will feel the joy whenever you find out that the distance towards your financial targets is getting lesser and lesser.

Happy managing.