What’s the best way to manage your money?
That’s a question the majority of people have struggled with for years, and that’s because they’re not always getting it right.
In this week’s podcast, we’ll explore how to make sure you’re not missing out on any opportunities to earn cash.
How do you stay on top of your money at the same time?
Thats an even bigger challenge, because cash can be a difficult thing to keep track of.
Do you have any financial tools that you can use to track cash flows?
And that’s when you start to realise how much cash you have, and how much it can change in the blink of an eye.
So, what are you doing to make it easier for yourself and your family to manage their money?
If you’re like me, you’re probably wondering what you should do to make your money work for you.
So, let’s start with the basics: How much is my money worth?
You probably know that there’s a big difference between money you earn and money you spend on your lifestyle.
But what about the value of your time?
Your income, while it can be valuable, doesn’t always reflect your value.
And even if it does, there’s an awful lot you don’t know about how your money works.
Why do people use cash?
So what are the benefits of using cash to pay bills, make payments and make a lot of other transactions?
What are the drawbacks?
When it comes to saving, there are many benefits to using cash.
If you have money left over to cover your basic expenses, that can be an asset to your retirement savings account.
You can make use of the tax system to reduce your tax bill.
And there’s always the option of using your savings for a rainy day fund or for a deposit in a bank account.
If you have a lot to spend, you can also put money towards other activities like buying a new car, paying your mortgage or even a new home.
What if I’m not sure what to do with my money?
You can always look at how you can spend it.
If it’s a little more than you think you can afford, you might consider investing in something with more promise.
But what if you’re still struggling to make ends meet?
What if you have other debts you don?t know how to pay off?
You might consider using a credit card or a cheque book to cover those debts, but you might be left with more than enough cash to cover them.