Lots of people like me can not manage their finances properly 
hehe Yeah I know not a great thing but maybe it’s because I never got to learn that properly or never was put in a spot where I needed to. Although I have had my share of the most amazing jobs in my past few years working in London and then in Norway for well known firms. I still feel that only time I managed to get into some good savings is when the bank themselves said “Wakas YOU ought to put some money aside” well then I just did step by step.
But what about you guys, do you feel that some of go way over the line when saving money and never get to spend it before it’s too late? What kind of balance should their be in earning and spending the cash you earn?
March 1st, 2009 at 12:12 am
ahan, good topic, where do you get all kind of ideas to talk about.
Well, I am maneging my home finances from many years now, starting from monthly basic rents to medical bills to education to India trip. Its not that I just save n save and never enjoyed the saving amount but what I am habbitual of is, even I have $20 in my pocket, I will try to save at least $1 from it. What I am trying to say is, its habbit, few people go over board in spending and few can’t spend at all lol.
Lately, we spent lotsssssssss of buck on medical , moreover I m going to full time college plus the basic needs, so its hard to manege money but not impossible.
First thing everyone should do is, calculate exact basic expenses of your month(basic means ur apartment bill, electric, car insurance etc etc , it won’t inclued ur designer shoe or dress lol ) , then analyze/compare it with your current salery. I am sure, you will be left with some amount. From the rest of the amount, even if you plan to save 20% each month, still you will be left with 80% to enjoy. I gave you minimum %, its just an example. You can decide you want to save half of the amount in saving n spend the rest half or reinvest the other half smartly. These days there are wonderful plans every bank have.so basically its not tough to save and enjoy your money by spending on yourself or the way you want to save, its just strategy everyone need to think about. So for the next saving plan good luck