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...
'Help! Bankrupt at 35'
I cannot stop shopping and blowing up my money. I worked in an I-T firm and got a decent salary but unfortunately, I blew it all up on expensive gadgets and unnecessary EMIs.I got fired from my office and now I am left with a lot of debt and credit more »
Megha Talwar started the Discussion
on May 09, 2013 , 11:54 am
Are all bank investment schemes a sham?
I keep getting calls for investment plans from various banks but I don’t know how safe it is to invest your hard earned money in these long term schemes. Though the banks offer and guarantee huge returns after certain years but I am still c more »