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Author Topic: Reasons for personal financial accountability?  (Read 883 times)
martinex
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February 03, 2024, 01:55:23 PM
 #101

Without financial accountability to oneself it'll be very hard to avoid poverty, and unless someone is very disciplined and prudent in spending bellow their income, it'll be very difficult to minimize expenditures and have savings to invest for old age. So after gaining all the knowledge about financial accountability and knowing the tips to see that it materializes, without discipline to apply them, it'll all be a waste, so discipline is integral to financial accountability and freedom.

I think the main factor is desire, but at least if it is implemented well it is a solution in managing finances, especially for individuals and if for example we are married. On the other hand, although not in all places, the phenomenon of economic inequality and also access to financial resources can also be an important and very pronounced factor in individual financial difficulties and cannot be denied either.

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bestcoins1
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February 03, 2024, 02:49:12 PM
 #102

I think the main factor is desire, but at least if it is implemented well it is a solution in managing finances, especially for individuals and if for example we are married. On the other hand, although not in all places, the phenomenon of economic inequality and also access to financial resources can also be an important and very pronounced factor in individual financial difficulties and cannot be denied either.

If you look at the desire to manage finances, almost everyone wants a good way to do it because it has become a very good initial solution for everyone. But in terms of managing finances between unmarried people and married people, it will certainly never be the same and will always give rise to differences even though every decision taken is for the good.

The difference that we can see in the way of managing finances between unmarried and married people is in the way they meet their daily needs which are very common, they must always be there and must not be late. Because married people will prioritize the amount of savings they save for themselves rather than what they consume each day.

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February 04, 2024, 03:58:56 AM
 #103

Without financial accountability to oneself it'll be very hard to avoid poverty, and unless someone is very disciplined and prudent in spending bellow their income, it'll be very difficult to minimize expenditures and have savings to invest for old age. So after gaining all the knowledge about financial accountability and knowing the tips to see that it materializes, without discipline to apply them, it'll all be a waste, so discipline is integral to financial accountability and freedom.

I think the main factor is desire, but at least if it is implemented well it is a solution in managing finances, especially for individuals and if for example we are married. On the other hand, although not in all places, the phenomenon of economic inequality and also access to financial resources can also be an important and very pronounced factor in individual financial difficulties and cannot be denied either.

That's right, if the person's personal finances are managed correctly. Because there are many people at this age who earn a lot but are unable to accumulate savings in real life. While others earn little but are able to save savings. There is a system or behavior that is applied as to why people are able to save money compared to those who are educated or earn a lot and have zero savings.

That means it's really a matter of self-control and self-discipline in order to do proper financial management. The virtues that I have mentioned will contribute a lot to any aspect of the business that we do.



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February 04, 2024, 11:15:22 AM
 #104

That's right, if the person's personal finances are managed correctly. Because there are many people at this age who earn a lot but are unable to accumulate savings in real life. While others earn little but are able to save savings. There is a system or behavior that is applied as to why people are able to save money compared to those who are educated or earn a lot and have zero savings.

That means it's really a matter of self-control and self-discipline in order to do proper financial management. The virtues that I have mentioned will contribute a lot to any aspect of the business that we do.

People do not learn about finance and whatever amount they earned are all spend by them without planning so I think if they make a plan from start and do everything according to plan then they will be successful individuals in future which will also put good effects on their next generation.

People when earn huge amount never think about saving because they are not facing troubles but when inflation happens then they think that whenever the situation become favorable they will start accumulating money and will spend less amount for daily uses but all planning are useless then.

If someone understands the value of saving early will save lots of money and his financial status will not be effected by inflation but if he does not learn about handling finance then their is a probability that his time during inflation will be hard.



 

 

 

 

 

 


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