Money management

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...
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Monika Rawal
Monika Rawal commented on the discussion by Pushti Joshi
on Mar 18, 2014 , 04:06 pm
Pushti Joshi - Are money management apps helpful?
A lot of friends have suggested me to download money management apps like AndorMoney or Wally in my phone but I am not sure whether they are of any use and if they can actually help me save money at the end of each month.Apparently, through these more »
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Sreejith Ramadasan
Sreejith Ramadasan commented on the discussion by Kanika Yadav
on Mar 02, 2014 , 08:44 am
Kanika Yadav - Okay to ask friends to pay back debt?
According to a new study, majority of people feel awkward to ask friends to pay them back, even after the friendship has come to an end. I am sure most of us can relate to this because we all find it hard to ask a friend to give back our own money, more »
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Prabhas Ghosh
Prabhas Ghosh and commented on the discussion by Aakriti Rana
on Feb 24, 2014 , 09:18 pm
Aakriti Rana - Chit fund safe investment option?
I have seen  a lot of people investing in chit funds to double up their money. I don't exactly understand what is chit fund all about and is it really a trust worthy option. Please suggest! more »
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Prabhas Ghosh
Prabhas Ghosh commented on the discussion by Kavita Azmi
on Feb 24, 2014 , 09:16 pm
Kavita Azmi - Are money management apps safe?
I just downloaded a money management app called My Universe which claims to track my expenses at the end of each month so that I know what my major expenditures are. But for that it obviously needs access to my accounts. With me having to link all more »
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Jia Sen
Jia Sen updated the Blog
on Feb 17, 2014 , 04:43 pm
Saving tips for singles
Fed up of never having enough money left over at the end of the month? Think you're a loser at saving money, thing again. Just because you don't have a responsible partner whispering in your ear about curbing your expenses doesn't mean you can learn to develop that conscience yourself. Write down what you intend to do with the money no matter how little you. Having it written out in black and white will give you a perspective about your money. It is your money and you and only you decide more »
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Jia Sen
Jia Sen updated the Blog
on Feb 17, 2014 , 04:15 pm
Saving tips for newly married
For those of you wearing rose coloured glasses fresh off walking the aisle, time to take them off and consider finances because money is the single biggest reason couples fight. There are some sure shot ways to walk around that land mine and here's how you can survive the money hangover. Discuss the money before you sign the papers. Be open about your assets and money in bank accounts and decide before hand whether you want to share an account or if not want to maintain a common fund for more »
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