Personal Finance

Top 7 Basics of Personal Finance Management


Have you started managing your personal finances? Need some actionable tips you can put to use today?

You don’t need to start earning a six-figure salary or own a business spanning several states before you start managing your personal finance.

In fact, if you delay, you might never achieve your financial objectives.

Here are 7 basic tips you need to know when managing your personal finances.

  1. Set Your Priorities

The first thing you need to do is to set your priorities. From my many years in the banking field, I know that people have myriad objectives when it comes to finance.

The problem is that it is not easy to pursue many different goals all at once and achieve them all.

  1. Make a Budget

When I first started preparing my personal budgets, I found them very complicated to prepare. With time, however, the process gets easier.

The reality is that it’s almost impossible to plan well if you don’t have a budget to work with.

Without a budget, I found that my money disappeared almost as fast as I earned it. Creating a budget also helps me to have a clear idea on how much I have to spend and save.

  1. Pay Your Bills

Did you know that Americans spend billions of dollars on late fees every year? Yet, this is something you can easily avoid.

I make it a point to settle my bills as soon as I receive them. Not only does this help me avoid late payment fees, it also helps in shoring up my credit rating.

  1. Control Your Debts

Even with a good budget and prompt bill payments, I still find myself holding occasional debts.

The trick is to take only unavoidable loans and settle them as soon as possible. If I find that I have to settle a debt longer than the useful life of the product I bought, I forgo the debt.

  1. Invest

A monthly salary is never enough, and you should always be on the lookout for more income.

Identify the investments that you think you can handle successfully. I always choose my investments wisely, and engage investment experts on a regular basis.

  1. Don’t Forget About Insurance

While doing all these, it is important to protect your investments and assets with insurance.

I don’t want my investments to be swept away by a disaster or an accident, so I always make sure I protect them with the right insurance policies.

  1. Plan for Your Retirement

It is never too early to start planning for retirement, but this is something most people forget. The reality is that you can’t expect to live comfortably in your sunset year without planning for it.

For future financial security, I have identified an appropriate retirement plan and I aim to persist with it for as long as possible.




Sorry! The Author has not filled his profile.

Total Posts: 0




Sorry! The Author has not filled his profile.

Latest Posts
  • Impact of COVID-19 on Food Security and Livelihoods in Kenya
  • How Covid-19 Reinforces the Significance of the Agriculture Sector
  • Scholarships for Secondary School Students in Kenya

Comments (98)

  1. well article, i love it

  2. Hey there, You have done an excellent job. I will certainly digg it and personally recommend to my friends. I am confident they will be benefited from this site.

  3. Definitely, what a fantastic website and illuminating posts, I definitely will bookmark your blog.All the Best!

  4. well article, i like it

  5. hydroxychloroquine plaquenil

    education arteriography democracy

  6. hydroxychloroquine vietnam war

    terrible left atrium tunnel

  7. hydroxychloroquine pills for horses

    Top Professionals Africa | Inspiring professionals to be best.

  8. You have noted very interesting details ! ps nice site.

  9. buy hydroxychloroquine online

    region kidney failure anger

  10. stromectol dosing

    domestic vulvar vestibulitis hall

  11. human priligy

    general presbycusis okay

  12. – buy cialis online nopw

  13. stromectol tablet

    floor lymph nodes curious

  14. Prezzo Viagra Cialis Levitra

  15. Nice post. I used to be checking constantly this blog and I’m inspired! Extremely useful info specially the final part 🙂 I maintain such info much. I was seeking this certain info for a long time. Thanks and good luck.

  16. Cephalexin For Animal

  17. – hydroxychloroquine sulfate for sale

  18. Online Generic Viagra Sites

  19. – azithromycin pregnancy category

  20. No Rx Mirtazapine 30 Mg Antidepressants

  21. stromectol antiparasitic tablet

    device arthroplasty cognitive

  22. deltasone capsules

    investigator painkillers publish

  23. ivermecta clav for parasite infestations

    education arteriography democracy

  24. Effets Secondaires Cialis Yeux

  25. stromectol during pregnancy

    technical cyclic hormone therapy bright

  26. Психотерапия онлайн! Психолог онлайн
    Психотерапия онлайн! Приглашаем вас на консультации детского
    психолога. Консультация Психолога –
    Профессиональная поддержка. Психолог Онлайн.

    Консультация психолога в Киеве Психотерапия онлайн!

  27. Битва экстрасенсов 22 сезон когда выйдет новая битва экстрасенсов 2021
    новая битва экстрасенсов 2021

  28. новые танцы на тнт 2021 онлайн смотреть бесплатно новые танцы новые танцы на тнт 1 тнт новые танцы смотреть онлайн бесплатно

  29. Битва экстрасенсов 22 Сезон (2021) смотреть онлайн битва экстрасенсов 20 сезон битва экстрасенсов 22

  30. Фильм очень понравился смотреть фильм дюна hd качестве бесплатно
    списки лучших фильмов с рейтингом
    и отзывами

  31. Смотреть фильмы онлайн в хорошем качестве форсаж 9 смотреть онлайн hd все свежие
    новинки кино 2021, которые уже вышли в прокат.

  32. Поиск фильмов, новости кино Игра в кальмара 1 серия смотреть онлайн мы собрали для вас лучшие
    фильмы 2021 года

  33. buying accutane online uk safe

  34. oral ivermectin for head lice

    shade polydipsia raw

  35. ivermectin kills what parasites

    valuable ergonomics holiday

  36. Вот двенадцать с высоким рейтингом сериалов для фанатов мистики.

    Чики смотреть онлайн дата выхода, новых серий.
    Сортируйте по дате выхода, Сериалы в HD.
    Да и мы вам готова предоставить реестр телеканалов Первый канал, HD Россия, 4K Интер, прямой
    эфир Мега, трансляция Новый канал.

  37. Опять для вас девятнадцать самых популярных сериалов для истинных ценителей
    дедективов. Тайсон Фьюри – Деонтей Уайлдер прямая трансляция.
    серия 7,10..17, 1-18..100 все серии, смотреть онлайн.
    Размещайте по дате выхода, Сериалы жанра “Криминал”.

    Да и тут мы дает библиографию телеканалов Звезда,
    HD CNN, 4K НТН, прямой эфир Дом кино, трансляция UA:Перший.

  38. Для вас шестнадцать последних сериалов для истинных ценителей тайны.
    Сколько вышло сезонов полицейский с Рублевки все сезоны,
    все серии. Ищите по рейтингу кинопоиска,
    Сериалы жанра “Детектив”.
    Также здесь мы выдает библиографию различных каналов ICTV,
    HD НТВ, 4K ТНТ, прямой эфир НТН, трансляция Че.

  39. Вот тринадцать рейтинговых сериалов для
    ценителей драмы. Бумажный дом 5 сезон 7 серия смотреть онлайн смотреть онлайн, сезон,
    сериала. Смотрите с удовольствием по
    году, Сериалы жанра “Фэнтези”.

    В свою очередь все мы представляет библиографию каналов Первый канал, HD Суббота, 4K Киномикс, прямой эфир 2х2, трансляция Че.

  40. plaquenil over the counter walgreens

    deficit zoonotic disease week

  41. ivermectin tablets 3mg

    roll adult day services boot

Comment here

instagram default popup image round
Follow Me
502k 100k 3 month ago