There are only three ways to manage money:
- Spend more than you make
- Spend all that you make
- Spend less than you make.
Many will read those three ways to manage money and think, “I wish I made enough to spend less than I make.” The problem with that statement is the choice is removed from the equation. Spending less than you make is a choice. If you want to start building your savings you have to make a conscious decision to change. However, you don’t have to cut back on everything. With these tips, you can set a budget and manage money the third way.
3 Ways to Manage Money and How to Build Your Savings
Build a Budget with Savings in Mind
You’ve heard the saying “Don’t count your chickens before they hatch.” Well, that saying does not apply to budgeting. When you create your budget, you should choose how to spend your money before you have it. Don’t wait till you have your paycheck to decide what bills to pay. [Read more…]This post may contain affiliate links, please review my disclosure policy .