MANAGING FINANCIAL TIPS
Planned revenues and expenditures is the starting point of financial management. With good planning, we can set the scale of the needs and determine the priority needs which should come first to be filled. Although in practice often not in accordance with the plans but at least with our planning will be easier to reach goals
' Write the posts of Revenue and Expenditure plan within one month
' Set spending should not be larger than the pole peg
' Distinguish between needs and wants. The need is something that must be met and prioritized though sometimes we do not want. Our need for something there is a limit. While the desire is something that we 'want' even though sometimes we do not need. The desire is not limited.
' Create a priority scale, where the needs are very important, important, less important and not important.
' Write the posts of Revenue and Expenditure plan within one month
' Set spending should not be larger than the pole peg
' Distinguish between needs and wants. The need is something that must be met and prioritized though sometimes we do not want. Our need for something there is a limit. While the desire is something that we 'want' even though sometimes we do not need. The desire is not limited.
' Create a priority scale, where the needs are very important, important, less important and not important.