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Showing posts with the label budgeting

Home Management: Basic Techniques For Working Women

Have you ever felt like you are being pulled in so many different directions that you don't know what to do first? This post will show you how the power of home management can help you get your house back in order. What is Home Management? Home management can feel like a daunting task, especially for working women who already have a lot on their plate. However, there are some simple steps you can take to make your home life more organized and efficient.  Here are some tips for better home management:   1. Set a schedule Create a daily or weekly routine. Having a set schedule for chores and errands can help you stay on track and prevent things from falling through the cracks. You can even involve your family members in this process to make it easier for everyone. 2. Clutter-free environment Keep your space clean and clutter-free. A cluttered environment can be chaotic and stressful. Taking the time to tidy up regularly can make a big difference in your overall mood and sense of well

Different Budgeting methods

     Budgeting Methods    The budgeting rules of thumb that you can experiment with or indeed apply in case it makes sense for you and your situation.  The 50 : 30: 20 Method    A general budgeting rule that is actually renowned and realistic and states you should spend 50 of your Income on essentials like housing, and bills, and 30 of your income on wants and personal purchases. 20 for your monetary goals. like paying off debt Saving for retirement on other buying, Assets on properties, etc. The 70: 20: 10 Method which recommends you save 70% for your living expenditures,  20% for saving your net salary, and 10% for debt payments. in this case, the recommendation is to pay off the most adverse debt first. and then concentrate on paying off the rest as quickly as possible. Budgeting Rules  Rule one states that you should prioritize how you'll use your money and how independently of how much you each As soon as you get your money you need to decide & what to do with it each supe

how to manage personal finances if you are self employed?

  Personal Finances if you are Self Employed Beginners steps learning how to manage your personal finances   and budgeting  independently of your specific financial situation should definitely be one of your priorities, I mean it should be the priorities of your whole life but if you haven't kick-started the process yet. now is a good time as any to get more involved in the world of personal finance. Personal finance ridiculously huge world of advice different rules and experiences and It's completely impossible to convey in one simple article. All the recommendations are mays give you about the subject based on personal experiences as what I know and have read about the subject.   Recommended goals you should prioritize. There are many different approaches to personal finance and it all depends on your personal experience, your financial situation, your preferences, your mindset about money, and so on. ·         Building Emergency fund ·         starting budgeting