1 Managing your finance successfully

Successful finance management is a valuable skill that would be handy for everyone. To be successful you need to know how to operate your finance effectively and how to make the most of your money. Here are a few easy tips how to become more efficient in managing your personal finances.
 1. Use single email address for payments. If your accounts are associated with various email addresses it would take more time and effort to track your balance. Check the balance regularly to know exactly what your financial situation is.
 2. Plan your expenses. Take a piece of paper and write down all your expenditures: flat rent, utilities, electricity bills, petrol, cinema, clothes, food, loans – all things you pay money for. See where you spend the most, check which items you could cut off or reduce expenses on. 
 3. Consider payday loans in emergency. If you are facing some unexpected expense and have no money to cover it on time, think about taking out internet loans online as this way you can avoid delays with your payments and even save some money. But bear in mind that you will be able to succeed only if you use this service wisely. 
 4. Calculate exactly how much you earn. Write down all the sources of income and how much money they bring. Compare the 2 numbers: your expenditure and your earnings. How much money is left after you pay all your bills? Know this number exactly because this is the sum you can invest to generate income. 
 5. Control your expenses. If you have done 2 previous tasks you should now know how much money you can spend every month. Make sure you don’t exceed the limit or otherwise you will get into debt. 
 6. Start building financial backup in case of emergency. Life is unpredictable: sudden illness, robbery, car accident, broken laptop, veterinary clinic. You never know what difficulties you may face and what extra expenses you will have to go into. So it is better have some emergency fund. Calculate your earnings and start saving 2, 3, 5, 10% from your income every month. 
 7. Subscribe to a retirement program. Check the retirement programs the banks in your city offer. Chose the one that won’t be a great burden on you. Most often such programs deduct a certain sum of money from your account every month or quarter. This is done automatically so you don’t need to bother and remember to make the payments on time. 
 8. Invest your money. If you are successful enough to have some spare money every month consider investing it into something reliable and safe. It may be a real estate deal, a project of your friend or your own brilliant idea that you can patent and generate income from. Interesting opportunities some along now and then so keep your eye on the market not to miss your deal. Alternatively you could think of a fixed deposit to earn a little from an interest rate. 
 9. Apply for health insurance. Hospital services are rather costly. If you feel something is wrong better visit a hospital as soon as possible. Having an insurance will allow you get diagnosed and get the treatment immediately. Eventually it will cost less than curing a neglected illness. 

These are simple ways of managing your finance. You don’t really need a degree in finance just keep your expenses under control, check how much you earn and try to save a little every month.