Management of money

[Iroh]

In fact, I believe we can't manage our finances if our income is low There's no other way out than to find additional income, no matter what, Essentially we can manage our finances only after we've met all our needs and desires, allowing us to allocate for savings, emergency funds and investments, This can only be realized when we have financial stability and all our needs are met.
The main problem lies in our financial resources, so I believe the most important thing is to continue earning income to cover all of these expenses.

I would disagree with your opinion. You actually don't need to be wealthy or have a lot of money before you can start considering managing your finances. It's also wrong to think that it's only after we've met all our pressing needs and desires, that is when we can manage our finances. Writing it out even feels weird to me.
When you're making plans on how best to meet your needs and pressing desires, you're literally in the process of managing your finances. Someone working and getting paid a below average pay can still make plans on how to manage the little income coming in. Financial stability comes from continous management of your finances overtime.

[lixer]

Money management has been one of the most discussed topics of all time but still people fail to understand the seriousness behind the topic. Money is something which can change our mindset and make us buy things which we don't want. We need to be very careful with money because these unwanted purchases are going to dent our future expenses. We should think about a way to manage money and still be able to enjoy our lives with the luxuries or additional expenses.

I would make a strict budget every month once I get my salary and will list out all the necessary expenses which will be followed by luxuries or expenses which are not that important. Investments have always been a top priority in my list and I would never ignore that.

[tottong]

MANAGEMENT can be seen as a way of doing things bet by bet that includes organising, planning, controlling and leading.
It can broadly be define as coming together of people to work in deferent paspertive to achieve a  smooth way of work or tasks.
This might be deferent from the management of money.

Managing finances is crucial so we can prepare for certain situations that may arise. If we want to achieve financial freedom, we must have specific skills to handle money management effectively.
If we fail to manage our money well, the situation will worsen because things won't always go smoothly, especially when we're faced with illness.
Financial management also helps us plan daily, monthly, and annual expenses so that we can use our money wisely. Essentially, financial management isn't just about building a business or investing, but also encompasses the broader scope of our lives.

How well we manage our finances will be evident when we successfully implement them, ensuring we don't experience difficulties meeting all our needs, whether they're mountains of daily necessities, healthcare, children's education, or investments and business ventures.

[LDL]

Money management has been one of the most discussed topics of all time but still people fail to understand the seriousness behind the topic. Money is something which can change our mindset and make us buy things which we don't want. We need to be very careful with money because these unwanted purchases are going to dent our future expenses. We should think about a way to manage money and still be able to enjoy our lives with the luxuries or additional expenses.

I would make a strict budget every month once I get my salary and will list out all the necessary expenses which will be followed by luxuries or expenses which are not that important. Investments have always been a top priority in my list and I would never ignore that.

Financial management is understood at the moment before the end of the month, especially when it is not possible to manage the entire month with the amount of salary received, then it becomes clear how important financial management is in human life.

When I get my monthly salary and my pocket is full of money, I get busy with unnecessary purchases. Then I don't pay attention to money management. I buy what I need in the family and also buy what I don't need. Financial management means that what is not needed cannot be purchased and needs should be divided into different categories through a budget and met according to the need. Those that are unnecessary should be eliminated. Financial management teaches us to prioritize important needs.
Without financial management, it is not possible to maintain a family and financial management is even more important for those who work in low-paying jobs. Therefore, each of us needs to learn the importance of financial management and reflect it in our lives.

[junder]

It is also very important to improve your skills and be financially aware, with strong determination and the right mindset, it is possible to achieve a lot, and this can be the key to success.
Many people are stuck in one place, but the main thing is awareness, future security lies in finding alternative sources.
Therefore, it is absolutely important to create a source of income, increase your knowledge, use your time properly, and have the mindset of improving yourself little by little every day, this is how you have to move forward.

The key to success lies within ourselves, and one of them lies in our own skills. If we can utilize our skills effectively and continuously practice them, we can generate profits. Furthermore, I believe many people have successfully earned an income from their own skills, although they are far from successful, at least earning an income from their own skills is a good step. We can use such people as a benchmark or motivation to ensure that we, too, can earn an income from our skills. Beyond the skills we need to practice, we must also have good financial management skills once we have an income, as this will determine our future. If we can't manage our money well, we won't achieve better results.

[sunsilk]

I would make a strict budget every month once I get my salary and will list out all the necessary expenses which will be followed by luxuries or expenses which are not that important. Investments have always been a top priority in my list and I would never ignore that.

This is the good way of spending money on luxuries, you'll have to figure it out on how much you'll be ready to spend on those.

And at most times, they're not going to be cost that much either from 5%-10% of your total salary as it won't hurt what you're getting.

People that spends mostly in luxurious things that are not necessary and they don't set a budget on it, they're mostly getting broke and regrets that decision later on.