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Money management is important
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[QUOTE="Leah Kelvin, post: 345389, member: 106815"] For both personal and professional success, it is important to have a good management of money. By budgeting, saving and making informed investment choices, you are able to ensure that you can meet your obligations, build savings, and be ready for unforeseen expenses. It also help in managing debts, prioritizing repayments and avoiding unnecessary borrowing of funds. You will be able to set and reach financial objectives such as buying a house starting your own business or even planning for retirement. Additionally it reduces financial distress by ensuring that you have an emergency fund to cater for any impromptu finances. Having a clear picture of one’s financial situation helps them make wise decisions concerning what they should spend on; where they should save their income; and how they should invest their money hence this enhances long–term financial well-being while also reducing anxiety. [/QUOTE]
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