raaman
Valued Contributor
Financial Planning
When it comes to financial planning, there are several methods and tips, the two most common are reducing expenses or increasing income. In many situations it is difficult to reduce expenses when prices increase significantly from one year to another. Especially in recent years, I think that we all significantly felt the increase in daily expenses.
Increasing revenues is of course a good option as long as we do not increase expenses. I believe that the best option is to combine both tips so that we can know where the money goes while increasing the income. Otherwise, when it comes to money, the best equation is to know how to make money plus know how to protect money and know how to invest.
When it comes to financial planning, there are several methods and tips, the two most common are reducing expenses or increasing income. In many situations it is difficult to reduce expenses when prices increase significantly from one year to another. Especially in recent years, I think that we all significantly felt the increase in daily expenses.
Increasing revenues is of course a good option as long as we do not increase expenses. I believe that the best option is to combine both tips so that we can know where the money goes while increasing the income. Otherwise, when it comes to money, the best equation is to know how to make money plus know how to protect money and know how to invest.
