Priority 8: Managing your expenses - Sumit Khedkar

Priority 8: Managing your expenses

 

Actually this point should be the priority one point because if you could manage your expenses properly then only you will have money to invest. However, as the wise man says you should invest first and then spend hence I listed this point at the last.

 

Managing expenses is an art, if you want to live happily then you should be well versed in it. There are people who earn less but live happily and there are people who earn a lot but still find themselves struggling with the finances. This is mainly due to their expense management.

 

You won't find any financial institution offering you solutions for expense management you will have to do it yourself. If I tell you that you can accumulate wealth by properly managing your expenses then probably you won't believe in it. Expense management is a vast topic and hence needs a separate article on it. You can visit my following article on expense management.