Money matters. That is a fact. You cannot live without it, not today. In the past, people used different ways for exchanging goods. Some of them aren't very practical, and it was not easy to calculate the exact values. After that, the first coins made of metals like copper and gold had the value of the metal they were made of. People were tempted to bite off a piece of precious metals.
Most people are living from their income. It is a result of their work. Some have different sources of an additional income, like investments. Your pension is also the income you have earned working, and you can earn some money by selling inherited goods, for example.
Cash is something you could never have too much. Another thing about it is that it disappear too fast. There are so many things you have to pay for every month. Taxes, gas, water, rent and many other stuff. And you just have to eat, to wear something, To drive in something.
Running a home is the biggest expense. Mortgage loans are a big burden, as well as the rent. All kinds of bills are piling up every month. You must pay to watch cable television, for using the phone, for heating and education of your children. Regular insurance payments and taxes are also a must.
To manage your incoming and outgoing money, you have to have a bank account. It is the easiest way of tracking records about your expenses. All that gold will be much safer than in your socks, and if you are lucky enough to save some of it each month, open a saving account as well.
Everybody knows you cannot spend what you don't have. And still, everybody does. Sometimes they cannot help it, because some unexpected expenses may appear. Smart people do keep a reserve for such occasions, just in case.
So, among other things, you spend your cash on your accommodation expenses, rent or mortgage, doesn't matter. You must pay monthly bills for electricity, telephone, gas, Internet, cable and some other stuff. You spend some on food, entertainment and social life. Children, insurance, gifts, holidays, well, it's a long list.
It is all about clever budgeting. Pay the essential first. Accommodation, regular monthly bills, taxes and insurance. Don't delay paying those bills, ever. Calculate the amount needed for the food and other things you just cannot be without. With the rest of it you can do whatever you want. Carefully manage your assets, and make wise decisions, and never forget that money matters.
Most people are living from their income. It is a result of their work. Some have different sources of an additional income, like investments. Your pension is also the income you have earned working, and you can earn some money by selling inherited goods, for example.
Cash is something you could never have too much. Another thing about it is that it disappear too fast. There are so many things you have to pay for every month. Taxes, gas, water, rent and many other stuff. And you just have to eat, to wear something, To drive in something.
Running a home is the biggest expense. Mortgage loans are a big burden, as well as the rent. All kinds of bills are piling up every month. You must pay to watch cable television, for using the phone, for heating and education of your children. Regular insurance payments and taxes are also a must.
To manage your incoming and outgoing money, you have to have a bank account. It is the easiest way of tracking records about your expenses. All that gold will be much safer than in your socks, and if you are lucky enough to save some of it each month, open a saving account as well.
Everybody knows you cannot spend what you don't have. And still, everybody does. Sometimes they cannot help it, because some unexpected expenses may appear. Smart people do keep a reserve for such occasions, just in case.
So, among other things, you spend your cash on your accommodation expenses, rent or mortgage, doesn't matter. You must pay monthly bills for electricity, telephone, gas, Internet, cable and some other stuff. You spend some on food, entertainment and social life. Children, insurance, gifts, holidays, well, it's a long list.
It is all about clever budgeting. Pay the essential first. Accommodation, regular monthly bills, taxes and insurance. Don't delay paying those bills, ever. Calculate the amount needed for the food and other things you just cannot be without. With the rest of it you can do whatever you want. Carefully manage your assets, and make wise decisions, and never forget that money matters.
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