Well, here are five strategies of money management:
First, you should make a list of "value".
Each person has a different value. Someone wants a car, while other might want a house. The important thing is that we must know what we want.
Second, set objectives (refer to the value).
Here, when we already know the value of what we want to accomplish, then, is what we must do to achieve that value.
Third, determine the income and expenditure.
Here, we make a note on our income. We look at where our money or our income will be spent. We must know where we are spending money.
Fourth, plan your budget.
The important thing here is our budget should cover our needs first, not our wants. Our expenses must be less or equal to the total income.
Fifth, grow your money.
First, fill with emergency funds. In this case, it can be done with insurance product that can be used when we are sick. Save your money as much as you can afford each month, and find ways to save or invest.
[image taken from: info-bogor.com]
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