Tuesday, July 22, 2008

Start to manage your own money

Petrol prices increase. Instant noodles price increase. Hawker food price increase.While salary hardly increase.

There are many articles on newspapers telling us how to spend our hard earned money wisely during high inflation time. But how many of us will really follow the financial expert advices?

Lifestyle plays an important role in how we spend our money. As for my own experience, we really need to control our buying desire. Spend only what we really need. Or else save the extra cash. This is the first step to build up our wealth. Controling our buying habit is important because without this, whatever plans we have for our financial planning will never kick start as there will be no extra cash to save or invest.

Hard ya to decide what to buy and what not to buy. Wish I have lot of money to spend. That is everyone wish also. But well back to life, we can only wish. Action will decide where we will end up in the future.

Cheers!

No comments: