Money Management Is Very Important Skill

Financial literacy isn’t optional, it’s essential. If you don’t know how to manage money properly, you are likely to have financial difficulties despite earning well. Author Jonathan Swift is believed to have said that it’s important to think about money constantly, just don’t let it control your emotions. Knowing how to use money properly is very important for financial freedom. How good are you with money?

My wife and I make a good team. She follows the day to day budget. We work together to make our priorities the same. I am more into investing and planning long term finances. We are comfortable in retirement because of our decisions.

My wife saves all her income and I pay bills, and if we have surplus, we invest. Bur sadly this arrangement has broken after we had a child. Now she is stay at home mom, I pay bills and if I have surplus, I save and invest

Money management is a life skill. You need it to survive. The core of the skill of money management is decision making and discipline. People without money management skills ass the ones suffering financial distress and living in poverty.