How to Manage Your Small Salary

How to Manage Your Small Salary

How to Manage Your Small Salary, Image Source: www.theverge.com

How to Manage Your Small Salary

There are four things to consider in order to properly managing your salary

1. Consumption
2. Debt
3. Investment
4. Protection

Make a priority

In the consumption items, we have to make priorities, ranging from social expense, debt repayment, investment, and the life needs. The life needs, such as daily needs, are unlimited. Therefore, the expense for life needs must be spent wisely.

Spending has no limits, but you have limited income. Therefore, we have to allocate appropriately.

Read also: Best Long Term Care Insurance Plans 2019

Leave a Reply

Your email address will not be published. Required fields are marked *