Money management the process of managing money which includes investment, budgeting, banking and taxes. It is also called investment management. Money management is a strategic technique employed at making money yield the highest of interest-yielding value for any amount of it spent. Spending money to provide.' all cravings (regardless of whether they are justifiable or not to be included in budget basket) is a natural human phenomenon. The idea of money management techniques is developed to plummet the amount individual, firm and institutions spends on items that add no significant value to its living standard, long-term portfolios and asset-basins. Warren Buffett, in one of his documentaries, admonished prospective investors to embrace his highly-esteemed "frugality" ideology. This is the making every expense made to be worth it: 1. cutting your budget on social needs 2. avoid any snob-appealing expense 3. always go for the most cost-effective alternative (establishing small quality...
I am not someone who would completely depend on debit cards for small payments. I still believe in carrying hard cash. But I see so many friends who are used to swiping their debit cards even for Rs 500. What if the ATM nearby isn’t working? Then y more »
All hell has broken loose! I have suddenly incurred huge expenses due to health issues and I have no money for the month of November! I'm absolutely broke but need to get to office everyday, need to eat and manage to get through till the next pay more »
My best friend who I know for almost 10 years now is asking me for rupees 2 lacs. Apparently, he needs to clear some old debts and he is in urgent need of this money. I can’t say no to him but at the same time I am very confused and skeptical a more »
Varun Kochar started the Discussion
on Sep 07, 2013 , 03:02 am
What can government do to improve the downfall of Rupee ????
the continuous downfall of rupee has resulted in the hike of price in every sector. Burden is on common man. What initiatives should be taken more »
It is extremely difficult to stay in India if you're a middle-class working professional as the prices for petrol & food are soaring high! I don't remember the last time I ate out since I simply cannot afford it anymore. So how I can maintain my more »
I see a lot of parents these days making their children dependent on plastic money at a very young age. You would see school kids and college students using their credit cards and swiping debit cards while shopping.I feel it’s not really a great p more »