Finance Management

  It is very important to manage our finances wisely, be it savings, expenses or investments. I will try to briefly explain how to get started and and what to do in a long run. Please bear with me and read the entire article. First- Analyze and Categorize The very basic thing to do is to analyse your monthly needs and set a budget to spend on them. By needs I mean groceries, travel expenses, mobile recharges, loan emi, house rent etc. Then comes your wishlist or wants. You can think of it like your weekend trips, parties, once in a lifetime thrills (climbing  Mount Everest or space flight with Jeff Bezos etc. :-D), latest new phone, bike, car etc. This list could go on. Money Allocation or Budget Planning And finally let's talk about investing money. I prefer to think of it like a property which you rent for some extra income. Well if done properly, it can give get hefty returns. The basic rule that you get all over the internet will be like save first and spend later or 50-30...