Being able to manage your money or finances is more than just making a decent living. Not knowing math is not a hindrance to managing ones finances. Being familiar with the basic addition and subtraction is what’s important.
Life is better if you have good financial management and skills. The way you spend money can influence your spending habits and the amount of debt you may incur. In case you’re coping on how to mange your finances especially during this pandemic here are some tips to help you improve:
- Never assume that you can afford something when you’re unsure on spending your money.
- Make sure before you buy something that you can really afford it.
- Make sure that the funds you intend to use to buy something are not budgeted for something else.
- Prioritize paying bills and other important expenses before spending it on anything else.