Jeff Dragon Berthel Fisher - Managing Personal Finances


Presentation Description

Make sure you check your cash flow effectively, will definitely show you areas where your money is leaking and make sure to reduce your expenses.


Presentation Transcript

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Jeff Dragon Berthel Fisher - How To Handle Personal Finances Generally handling personal finances for many people is a very difficult and traumatic thing and it leads many into deeper debts. One needs to comprehend his or her finances better. Know how to get and make money how to wisely spend it and how to make investments and save it much better. There are some very easy approaches one can implement in order to be able to manage their personal finances. Planning Objectives To be successful with almost every field of life knowing what you want and how you will achieve it. Make a list of your short-term moderate and long-term targets. After you come out with a list figure out the time expense of each of your goals and then plan what you require to be saving on every week per month and on annual basis to reach your objectives. Goals may involve making plans for things such as retirement housing child welfare and others. For this you can hire a Financial Advisor to achieve your plans. Budget For everything that you choose to spend money on or you are planning to go doing shopping make sure you have a budget and follow it consistently. This will go a long way in maintaining you from doing unnecessary impulse purchasing. Do not spend more than you make

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Make sure you check your cash flow effectively will definitely show you areas where your money is leaking and make sure to reduce your expenses. Prefer using a debit card When using a debit card one is only permitted to spend to a certain level and this helps in taming the urge to spend more thus holding you on track of your set desired goals. Create an emergency account Creating an emergency account doesnt mean that you precedent negative things will happen but this is planning in advance so that when an emergency occurs you will not have to stop other essential projects in order to settle the emergency but you will be well prepared ready and in a position to settle it. Create a way of checking every coin coming in and going out This can basically be done by just looking at the receipts without necessarily going out to the bank for bank transactions. After looking at the receipts determine what is wrong and resolve it and put more effort into what you are doing right to support you reach your goals. note that you should also go for the most affordable credit card companies. Shop wisely Dont go shopping in those high-end shopping malls while theres a lot of many other places stocked with quality items but at even much less expensive prices. This way you will end up saving a bunch of money.

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When personal finances are well handled can go a long way in giving one the financial flexibility they want. Just put into action these aspects and you will find dealing with your finances very rewarding.

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