Although it is really just an exchange, money matters. Everybody accepted it as a payment method, or a method of exchange. A long time ago people used to use coins made of precious metals, like gold, silver or copper. Every coin used to have a value of those metals. Anyway, it was not very practical, because you could take a few bits whenever you felt like it.
Most people are living from their income. It is a result of their work. Some have different sources of an additional income, like investments. Your pension is also the income you have earned working, and you can earn some money by selling inherited goods, for example.
The main characteristic of your cash is that it seems to disappear too quickly. Somehow there is never enough of it. You have to pay taxes, insurance, rent and other bills, you have to buy food. Of course, you do need some clothes, among other things. And everything costs.
Running a home is the biggest expense. Mortgage loans are a big burden, as well as the rent. All kinds of bills are piling up every month. You must pay to watch cable television, for using the phone, for heating and education of your children. Regular insurance payments and taxes are also a must.
Having a bank account is the best way to keep tracks. Besides, it is safer than to be a sitting target for all kinds of thieves. This way you will be able to manage your expenses. You could open a saving account and try to put a little something there, too.
The most important thing is to spend less than you earn. This can be difficult, because there is always a possibility for some unexpected expenses. That's why it would be smart to have a few bucks saved for those particular purposes.
Let's see how you spend your cash. Besides those basic expenses mentioned above, like the accommodation expenses, gas, electricity, water and food, you spend a part of income on your credit card bills, alcohol and maybe tobacco, entertainment and anything else related to your family and social life.
It is all about clever budgeting. Pay the essential first. Accommodation, regular monthly bills, taxes and insurance. Don't delay paying those bills, ever. Calculate the amount needed for the food and other things you just cannot be without. With the rest of it you can do whatever you want. Carefully manage your assets, and make wise decisions, and never forget that money matters.
Most people are living from their income. It is a result of their work. Some have different sources of an additional income, like investments. Your pension is also the income you have earned working, and you can earn some money by selling inherited goods, for example.
The main characteristic of your cash is that it seems to disappear too quickly. Somehow there is never enough of it. You have to pay taxes, insurance, rent and other bills, you have to buy food. Of course, you do need some clothes, among other things. And everything costs.
Running a home is the biggest expense. Mortgage loans are a big burden, as well as the rent. All kinds of bills are piling up every month. You must pay to watch cable television, for using the phone, for heating and education of your children. Regular insurance payments and taxes are also a must.
Having a bank account is the best way to keep tracks. Besides, it is safer than to be a sitting target for all kinds of thieves. This way you will be able to manage your expenses. You could open a saving account and try to put a little something there, too.
The most important thing is to spend less than you earn. This can be difficult, because there is always a possibility for some unexpected expenses. That's why it would be smart to have a few bucks saved for those particular purposes.
Let's see how you spend your cash. Besides those basic expenses mentioned above, like the accommodation expenses, gas, electricity, water and food, you spend a part of income on your credit card bills, alcohol and maybe tobacco, entertainment and anything else related to your family and social life.
It is all about clever budgeting. Pay the essential first. Accommodation, regular monthly bills, taxes and insurance. Don't delay paying those bills, ever. Calculate the amount needed for the food and other things you just cannot be without. With the rest of it you can do whatever you want. Carefully manage your assets, and make wise decisions, and never forget that money matters.
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