For a better result, you should manage the money well. It is not difficult to manage money. By manage well, you can use the small paycheck that you receive from your boss. Here are some tips to manage money well.
Have you mad the financial goals? Not yet. You should make it immediately because it can determine the direct of financial management. What for the money management if you have no financial goals. A financial goal is the reason why you should manage your money.
You may have something that you are really want to buy. Perhaps, you have promise to your kid to buy tricycle. You can save the money for three or six month for buying bicycle to kid. Or, you may have the long term goal to have a house. Most people want to buy a comfort house so they can live inside.
I believe most people want to buy house, car, and other things but unfortunately, they do not write is as their goals.
Working is not enough when you just makes little money. The money may be not enough for fulfill your daily necessity. The main of income is usually paycheck from your boss. For the businessman, the main income is business profit. The employee can make smooth income. They receive relativley stable monthly; while, the businessman receive the income volatile. Sometimes they can make so much money, but sometimes they cannot get any penny.
Most employee contribute the money to retire fund so they hope they can receive money after they quit jobs. Contribute to IRA or 401 k that can give you some benefit. You can also borrow money from retirement fund.
The retirement fund help you to manage the money for the future. They invest your money to profitable investment such as company stock, mutual fund, bond, ETF, and others.
Tell to your family the budget so they can understand why you looks so miser. You have no mean to miser but you want to save money. Tell them that we have tight the money for our future. They will understand what you say. They may not ask something expensive such as gadget, video game, play station, and else.
They may help you to fulfill your expenses. In Eastern countries, The kid use to help the parent to fulfill the family expenses. They help the parent in the crop field, farm, or, market.