1. Have financial goal : To hit the goal, you have to have the goal first. There are so many plans you can have. But what I prefers is Start with budget plan. This is the most basic but really necessary and often ignored by the most people. This will be really torch barrier and even eye opener about your cashflow. Because people often ruin their hard money for nothing. Although they are working very hard but not thinking about the difference need and greed.

2. Budget for everything and everything for budget : Being a good money manager means you have to stay on top of your finances all the time. The most simple way to do this is to have a regular tracking about the budget. If you want to go further well, you can consult your personal finances on your own. The important thing is to check if your budget is still aligned with your current priorities. Sometimes, as we age, our priorities change as well. You have to make sure your budget will compliment all these changes.

3. Never shop without a list : in today’s era of consumerist requires us to purchase basic necessities. You can grow your own produce but there are things that you still need to buy in the grocery, retail stores, etc. If this is inevitable, then it is best for you to just shop with a list. This is the best way to ensure that you will stick to your budget and a great way to review what you have at home before you go on a shopping errand. That is how you can be a smart spender and manager of your money.

4. Save and invest with clear purpose : Many of the times we break our savings and investment on the things which we never wanted. We buy only because we wants to showoff. Showoff to the neighbor, showoff to the society or even sometimes showoff to our relatives. By having predefined financial goal, stick to budget and clear purpose. We will have some will power and purpose not to break all savings and investment.

5. Monitor your credit card : Most important thing is you should not use credit card. Because credit card is ruin our habit of spending. But if you are using it, make sure it’s used only in necessity and on required things only. Always monitor credit report such; checking all credit card bill in details, how and when you have used it, on which types of things have been purchased thru it, and lastly never forgot to pay timely.

6. Balancing is the key : Always keep balance on your savings and expenses. You should not go hard on savings or investment as your will power may go down any times and you will ruin all your hard cash for nothing. Because our mind is very powerful so, keep balancing on savings and enjoyments as well. Rule of power is “More than required control is always backfire”. So always make healthy balance.
7. Be updated by investing in yourself : Always remember, self investment is the best investment. As self investment will gives you highest return on investment and at the same time it will improve your life as well. You can investment in yourself by purchasing books, learning new skills, by purchasing online course or by attending powerful training.

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