In handling your finances some key areas are your income and expenses, it may not always be possible to increase your income quickly but until then you may be able to adjust your expenses. A great place to start is listing your expenses, ALL expenses, your bank statement can be used to see where you spent for the last 3 months. list your expenses and place your monthly averages beside each. Placing them in order of importance and also seeing how much you spend in each area will assist in reducing them. Under each line item ask yourself the following questions:
Is it a need?
- No? See if you can stop, sell or cancel
- Yes? Reduce, negotiate, transfer or manage the expense
Here is a good place to start. Do you have any tips that help you to manage your expense?
Share them below