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Personal Finance
Money Saving
Knowing when, how and how much to spend
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[QUOTE="Paul Abel, post: 5757, member: 293"] It is good that you have the knowledge about the right moment when you should spend and not just that but that you also know how you should spend and on what you should spend and then how much to spend at every point in time for every commodity or service. This knowledge will help you and go a long way in making sure all your expenses are calculated and that you don't overspend or spend on the wrong and unnecessary items and materials. You can spend of course only when you have money. But our lecture doesn't stop here, you must know what and how to spend. Meaning you should be careful about the things you give preference to when making your purchases. You cannot be buying foodstuff when you already have enough at home. That will be an unnecessary spending, despite the fact that it is good to buy enough and keep, it is important that you avoid overdoing it at the expense of some important purchases you should make. This introduces us to the how much of spending. You must be able to allocate some particular amount for every bit of item you are purchasing depending on its level of need and importance. [/QUOTE]
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Knowing when, how and how much to spend
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