Managing personal finances is a difficult task. Not everyone is good at holding their hands when it comes to spending. Here are some tips to control your finances. Tap to check!
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Create A Budget
After your salary gets credited the first thing you got to do is create a budget. Make a list of your expenses.
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Track Your Expenses
Keep track of your expenses. It is important to know how much you are spending. You can even use mobile apps for it.
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Divide Your Income
Divide your income according to your expenses. Like for example rent, food, and travel. This will give you a clear idea of how much you are likely to spend.
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Avoid Non-Important Buying
Many a time we buy things, we don’t really need. It is important to understand what is necessary and what is not.
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Switch To Cash
Digital payment made things easier. But on the other hand, it may lead to unnecessary spending thus it is advised to use cash.
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Information Credit
This information is shared by renowned and trusted chartered accountant, Rachna Ranade.
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