Question

Think back over your personal experiences with money and money management as an individual, a married person, a committee chair, or a business owner, for example.

Recall advice you have received about handling money. Was it good advice – or poor advice?

Share one lesson you have learned about money based on your personal experiences and the advice you have received.

Answer 1

The money management by a individual and married person is always very challenging because to live the life of a individual and a married person you have to expand the money and also keep the money with you for all expected and unexpected demands.

While you are an individual, you are always advice to repay you all dues and outstanding to any person and remain free of any claim from any person. The payment of the dues will make the individual or -married person moneyless. The lack of money will make the person difficult to live in coming days. The struggling individual has to borrow again, and the dues extended to many a folds. The individual or married person always get struck in the money tangle.

Thus, the advice towards the payment of the dues would be very unfavorable for the struggling individual or married person, so it is not a good advice for such individual. The money management is important from the point of having a confidence in life.

So, the lesson learnt here by an individual or married person about money is that we must keep the money power with us, try to earn as per our capability and expend it as per requirement or for the urgent payment of the dues, conservatively. We have to keep the money cost to the minimum alongwith good quantum of money with us.

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