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Top 5 Money Lessons No One Will Tell You

By SiliconIndia   |   Wednesday, July 30, 2014
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BANGALORE: Financial planning advice is not always objective. Not everyone will tell you to how to manage your own finance. Once you have made financial planning part of your routine, it won't seem so difficult. But getting your financial planning started can be the most difficult thing.

Many financial planners are compensated from the sale of investment or insurance products. Some advisors have more sales training than financial planning training that can lead to some smart advice that you don't hear about.

Let’s have a look at some of the financial tips that no one might tell you:

1. Live strictly on "Budget"

Most of the people live without a budget nowadays. But maintaining budget is something what every individual must do to maintain their financial stability. Preparing budget is not that hard as it is nothing, but just your income minus your expenses. One best part of maintaining a budget is that it will help you spend less and save more for your future.

Whatever financial planning you do now will affect your future financial situation in either a better or bad way. Try to update your budget at least once a month, so that you can track your weekly expenditures within the budget and have a clear picture of where your money is spent every month. This will help you to cut down extra expenses and contribute more toward your savings for your future.

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