How to manage your personal finances.Why is it that it is often believed that men are the only ones who know how to handle finances? Why do so many women delegate their financial security to a spouse or significant other and allow divorce or death to plunge them into poverty? Why do so many women spend more than they earn and become mired in debt?
We’re no longer living a historical era where the man of house is the sole bread earner, and women who earn their on money should start talking about their finances and making their own decisions regarding savings, expenses and investments.
The PS Show engages with Subramanya SV, to discuss how to plan and track your expenses. He discusses how to manage your personal finances.
Financial independence and financial planning offer an opportunity to live the life you want and to have choices in life. Lack of financial independence leads to enduring jobs and careers people don’t want.
The earlier you keep track of your financial matters the better, says Mr Subramanya S V. It doesn’t matter when you start making money in life, poor financial management affects the future badly. He advises allocating certain percentages to all the household expenditure.