Money Management: Managing Your Money The Correct Way

By John Nanto

Wether you are struggling financially, doing well with your money, or just about to enter the financial world, you need advice that will help you to stay on top of your finances and help them to grow further. This excellent new money management book will provide all this and more! 

The information this book provides will help you put together a budget that genuinely works and stick with it! It will also aid you in reducing and eliminating your debt, and will help you to lead a life without the usual stresses and worries of poor financial management. 

Take the time to apply the advice in this book and your wallet will thank you for it!

• Language: English
• Publisher: Shaharm Publications
• Release date: Oct 25, 2015
• ISBN: 9781519956125

John Nanto

John Nanto is a freelance writer that has worked behind the scenes on many different books for bestselling authors. He is now writing strictly for himself, on the topics that he most enjoys. Home renovation, finance, money management and dating are his areas of expertise, so you can be sure to get the very best information from his growing range of practical, life enhancing books.

Book preview

1. Why Manage Your Money?

As individuals, all of us have unique situations that need to be considered in life. Regardless of our circumstances, however, one factor which always needs to be considered is our finances. Regardless of whether you are just starting out and want to ensure that your finances are kept in order or if you find yourself in a financial bind and are not sure how to get out of it, the information available in this book can help. When you consider the benefits of managing your money properly, the need to do so becomes obvious.

One of the problems that many of us face is debt. Admittedly, most of us are going to have some degree of debt that needs to be dealt with, such as a mortgage or perhaps an automobile loan. Although there may be some adjustments that are possible in these debts, they are an expected and necessary part of life in most cases. Unfortunately, many individuals have found themselves in a tight situation where they are dealing with bad debt, high interest rates and a very tight budget. If you learn to manage your money properly, it is possible to overcome this difficulty and to begin to live a life that is free of those problems.

Retirement is also a concern for many people, and rightly so. Far too many individuals find themselves at retirement age without a plan in place. They may struggle for the remainder of their life and in some cases, are at the mercy of social programs that do not provide enough to cover a comfortable lifestyle. By starting early with the proper money management program, you can invest in your future and have enough money set aside to retire comfortably. In fact, there are ways for you to save enough money so that you can retire early, provided you are diligent in your efforts.

Even the best money management plan can be derailed, if there is an unexpected emergency. Regardless of whether it is a medical emergency or if it is one that is personal in nature, it can be devastating if you are not prepared. That is why one of the most important parts of having a budget is consistently setting aside money for savings. Although those savings may be available for long-term goals they can also be used for short-term emergencies, such as buying a new air-conditioning unit or an unexpected automobile repair, if you have a nest egg set aside. Having a small savings for this purpose can also help you to overcome those difficulties without using credit cards.

If you are raising children, it is likely that you have looked beyond their day-to-day needs to the future possibility that they may be attending college. A college education is an expensive prospect, regardless of whether they will be attending a university or a local, community college. There are programs available which can help you to save money for their college education, so that you can be prepared well in advance.

Finally, a benefit of managing money that should not be overlooked is an overall reduction in stress, compared to those who struggle with their finances. This peace of mind