Write a short note on proper money management 150 words
Answers
Answer:
Money is something that encases our whole lives. We all know this yet many of us fall into the traps of debt and overspending without even knowing it. The feeling of never having enough money or living paycheck to paycheck can lead to serious finical troubles that can and easily will carry over into a lifetime of financial struggles. Good money management and good money habits are the same way. Those skills can make a life of financial ease or struggle. All it depends on the skills one develops now as a teen. Money management is not a completely restrictive thing. Many of the skills learned can be use to help friends and family struggling with money. It all starts with clearly seeing the problem. From here the problems can be corrected and…show more content…
Money is something that encases our whole lives. We all know this yet many of us fall into the traps of debt and overspending without even knowing it. The feeling of never having enough money or living paycheck to paycheck can lead to serious finical troubles that can and easily will carry over into a lifetime of financial struggles. Good money management and good money habits are the same way. Those skills can make a life of financial ease or struggle. All it depends on the skills one develops now as a teen. Money management is not a completely restrictive thing. Many of the skills learned can be use to help friends and family struggling with money. It all starts with clearly seeing the problem. From here the problems can be corrected and carried over through-out one’s lifetime. Money management is an important skill that affects all aspects of our lives and help is available for those who lack this knowledge. One of the hardest parts about money management is actually seeing the problem and what is causing it. A big source of money management problems is overspending. This is often the root cause. According to Junior Achievement on page 3 of Teen Survey, in 2004 teens spent $169 billion on everything from clothing (33%) to food (21%). What the statistics fail to show is the amount of money saved or how much of that 169 billion was spent wisely. Signs of overspending would be the feeling of running out or never having money. One clear sign is giving into impulse
Explanation:
Money management is the method of saving, spending, investing, or otherwise management of the capital usage of a group or an individual.
Explanation:
• Managing our money involves time to understand and to improve on and to become expert, it takes more involvement and a solid understanding of our financial situation.
• There are multiple ways for proper money management. Such as creating a financial plan and sticking to it which helps us understands with clarity and full transparency our financial situation.
• Managing our money involves time to understand and to improve on and to become expert, it takes.
To learn more:
1. Write a short note on proper money management (50 words):
https://brainly.in/question/4304366
2. Write short note on Proper Money Management in 150 to 200 words:
https://brainly.in/question/4544372