Thursday 19 September 2013

Five tips for managing your disposable income

Four Tips about Controlling Your Disposable Income :

Suggestion 1

Spend on your mandatory expenses first such as paying your electricity, gas bills and your rent etc

Suggestion 2

Make arrangements for large expected purchases / expenses during the coming period, such as their might be christmas coming , or your marriage anniversary is arriving etc

Suggestion 3

Make a contingency plan or you may call it an emergency fund. Keep sufficient funds in this account to cope with any emergency or unforeseen event.

Suggestion 4

Record your expenses and income on proper books. This will help managing your funds.


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