We are living in a society of consumerism. Prices skyrocket, demands multiply; the only thing that remains static is your income. How to survive in a consumer society keeping a control of the expenses?
Personal finance is all about planning your finance. You need to keep a budget in every step of your life. Start from the household budget and categorize the household expenses as follows.
– Fixed expenses These are monthly bills to be paid such as rent, telephone, cable, electricity, etc.
– Variable expenses These include the cost of all essentials including your food, medicine, entertainment expenses, etc., and may vary slightly depending on the items purchased.
The extra cash that you have after deducting the expenses for the above determines your true financial status. If your extra cash is zero, or if it is negative, you have to seriously think about reworking your personal finance plans or consult a financial adviser.
What if you have loans and debts to be paid off? Most of the people have mortgage payments, auto loans, credit card payments and other types of loans recurring every month.
The best possible way to...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
