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Home Life skills Money & Finance

How to be smart with money

January 10, 2022
in College+, High School, Money & Finance
Reading Time: 8 mins read
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How to be smart with money

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Smartly learning the significance of spending is essential for every student while growing up. In schools, we don’t have an official subject on money management, but in life, this is a very vital and essential skill. And as youngsters, if you develop a habit of exercising this skill, you can implement it effortlessly in your future. 

How to save money

Introduce yourself to the world of budgeting 

Saving money isn’t the only smart way. First of all, you need to learn how to budget your money. In the first step, list all your monthly expenses on paper or computer. Divide them into two broad categories – fixed and discretionary (non-essential). Fixed are the needs that can’t be avoided, such as books, tuition fees, etc. But, you can reduce your discretionary expenses to some extent.

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Develop a sense of pride in being a smart saver, not a spendthrift. 

Citations :

Skillioma (February 3, 2023) How to be smart with money. Retrieved from https://www.skillioma.com/how-to-be-smart-with-money/.
"How to be smart with money." Skillioma - February 3, 2023, https://www.skillioma.com/how-to-be-smart-with-money/
"How to be smart with money." Skillioma - Accessed February 3, 2023. https://www.skillioma.com/how-to-be-smart-with-money/
Skillioma May 9, 2020 How to be smart with money., viewed February 3, 2023,<https://www.skillioma.com/how-to-be-smart-with-money/>
Skillioma - How to be smart with money. [Internet]. [Accessed February 3, 2023]. Available from: https://www.skillioma.com/how-to-be-smart-with-money/
"How to be smart with money." Skillioma [Online]. Available: https://www.skillioma.com/how-to-be-smart-with-money/. [Accessed: February 3, 2023]

 

Power Words:

  • Stashing
  • Inculcate
  • Tempted
  • Deplete
  • Spendthrift
  • Avenues
  • Cater
  • Comprehend

 

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Tags: 5 ways to be smart with moneyBankingEntrepreneurshiphow to be smart with moneyHow to save moneymoney-saving habits
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