Tweets on 2008-07-09

by Vinaya HS on July 9, 2008

in Finance

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I have a very interesting fact to share.

My mom, who did not have the opportunity to study beyond Standard 10, manages expenses such that they are well within her budget — happens like clockwork every month. On the other hand, I have a post-graduate degree, yet wage losing battles to keep my expenses within my budget — also happens like clockwork every month.

What about you?




Thanks for reading this article. I'd love to hear your opinion. Please use the comments section below to share your thoughts. I frequently write new articles that also cover several other aspects of personal finance including credit cards, financial goals, health insurance, income tax, life insurance, mutual funds, retirement planning, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.

{ 3 comments… read them below or add one }

Prashant July 9, 2008 at 7:53 PM

Simplifying budgeting has been a difficult one; tracking spending is a good start but it takes a lot to setup controls to prevent going over.

Anonymous July 11, 2008 at 8:30 PM

Wow….You are right…
Managing the expenses is always a skill attained by experience…
Keep the blogs flowing..
Girish

Anoop July 27, 2008 at 11:25 AM

Experience mate, just like one cricketer said, Experience is like a comb, which life gives you when you are bald..lol!!!..Mum’s are more experienced than us. I have managed to follow in my mother’s footsteps of setting up fixed accounts in banks and routing some of the monthly income..Apart from medical insurance/vehical/life/house insurance I dont see any other’s to which I need to spend on..

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