Saturday, September 19, 2009

REVIEW YOUR EXPENSES

IN THE WORLD OF TODAY IT HAS BECOME IMPERATIVE TO WATCH  HOW WE SPEND WHAT WE EARN IN OTHER NOT TO BE BANKRUPT IN THE NEARER FUTURE.

  NO ONE SAYS YOU SHOULD NOT SPEND YOUR HARD EARNED MONEY ANY HOW YOU WANT IT BUT YOU OUGHT TO LIVE WITHIN YOUR MEANS AND GET MAXIMUM VALUE FOR EVERY MONEY YOU SPEND. 
     Take a look at the few steps you can follow to review and track your expenses:
  • Embark on focused but aggressive savings
  • Set realistic goals
  • Segment the goals on short term basis and long term basis
  • Involve your close associate(e.g your spouse)in your new orientation through bugdeting
  • Give your financial life a proper focus and make wise investment plans

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