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The Savvy Scot

Personal finance and lifestyle blog

Viewing posts tagged with: money management

Why Money Management Is Important

By Pauline

Money management includes budgeting, saving, and planning ahead. The first step to money management would be to have a budget. Creating a budget is as simple as knowing what your income and expenses are on a monthly basis and keeping track of them.

Payday is 3 days away and you are checking the balance in your banking account.  $15.75 reads the balance. “How am I going to make it until payday?” you ask yourself. You need a few groceries and gas money. And you just remembered that a $10 subscription fee is going to be debited from your… Read more

Filed Under: Personal Finance Tagged With: money management

5 Exceptional Ways to Teach Your Kids about Money Management

By Pauline

5 Exceptional Ways to Teach Your Kids about Money Management

Although we value education, we almost never teach our kids about financial education. This can often take them to make money mistakes in the future that can become burdensome for both you and your family. When your child finishes university and he starts having expenses such as rent, food, and even debt, he may not… Read more

Filed Under: Saving Money Tagged With: money management, teach your kids

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