Posted by Anonymous on Friday, December 31, 2010 at 2:36pm.
Try some of the following links for ideas:
http://search.yahoo.com/search?fr=mcafee&p=greatest+challenges+in+managing+money
Sra
Saving money and budgeting for paying bills, etc., are two different things. What you probably need to write about is budgeting your money well so that all bills are taken care of and so that you are putting some money aside, maybe in a savings account. Current recommendations are that a person should have enough saved to handle at least 3 months' (or 4 months' or 6 months') worth of bills and other needs.
The concept is the same, whether you are helping your parents with their expenses or living on your own. Budget your funds so that you 1) save/invest and 2) take care of needs (utilities, rent/mortgage, etc.) ... and then if there's anything left over, figure out how you'll spend that -- or maybe you'll decide to save it, too.
Needs and savings/investments come first; "wants" come later!
So for career as well, university, hve to try to save it for that?
Exactly.
Alright, thanks a lot:)
You're welcome.
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