MANAGING YOUR FINANCE
You might be fairly clueless about how to manage your money when you’re out in the real world for the first time. If you’re young, take a seat and listen up.
1. Take control of your own financial future. If you don’t learn to manage your own money, other people will find ways to (mis)manage it for you. Understanding how money works is the first step toward making your money work for you.
2. Know where your money goes.The best way to do this is by bbudgeting. Drawing up a guideline to help in allocating the necessary finance needed for spending and saving could go a long way to avoid losses.
3.Place a value on money. It doesn’t buy happiness, but it can certainly make you comfortable. Just understand what its worth.
Hajia Salamatu Mustapha, KNUST, BSc.Business Admin.