Thread by @vineetpatawari

💰Life is much easier when you have good #Financial skills. The right allocation of your hard-earned #money is as important as earning it.

🧵In this #Thread, I have shared 5 #simple ways to
manage your money better.

📅Take out a money #Date each week

Fix a day each week, no matter how busy you are, it is absolutely necessary to take out an hour to check on your #finances. Just #investing is not enough. Keeping #Track is important. You need to make a list and note your spendings & #savings.

📚Personal Learning

To raise your financial #awareness, to identify popular avenues to #invest, to be aware of the #Risks associated and to explore new #Asset classes you must expand your #knowledge. Each week dedicate 20-30 minutes to increase your financial consciousness.

🗣️Talk to people you look up to

People are usually secretive about their #finances but by initiating #SmallTalk, you can ask them how they take care of their finances. It becomes easier to learn from someone’s #experience to learn from their #mistakes & not repeat them.

📃Maintain #records

There are times when we need some documents quickly but are unable to find them. Assembling all the documents together, in one place, preferably in #Digital format would do wonders for you.

👨‍🏫Hire Professionals

One needs to take a lot of #Investment decisions in terms of saving #Taxes, #retirement planning, financing goals, or investing in #realestate. #Hiring a professional can provide you a better understanding or more efficient investments to guide you better.

These five basic techniques can help you to manage your #money better. All you have to do is consider managing #wealth as a priority and invest #Time to do it.

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