6 Principles of Personal Finance and Budgeting For 2021

6 Principles of Personal Finance and Budgeting For 2021

Hello and Welcome Back Guys! In This Video, We are Going to talk about 6 principles of personal finance and budgeting for 2021.

If You want To Keep Your Finance in Order, you'll need to learn to manage your expenses, Which Begins by creating a budget. Learn How To Make a Budget, the best practices for sticking to your budget, how to set up an emergency fund, and how to use the most up to date budgeting tools.

Consider a budget as a guide for organising your monthly cash flow, including your saving and investing objectives. To Put it another way, you pay for the most important expenditures first, then decide what to do with the rest. That's a Paradigm shift.

According to Poorman, instead of treating a budget like a famine diet, you're putting yourself in charge of a well organized financial strategy.

Here's a list of the 6 principles of personal finance and budgeting for 2021:
1:01 The Principal of tracking and Budgeting
2:02 The Principal of Frugal Living
2:54 The Principal of Simplifying
3:51 The Principal of Preparing
5:08 The Principles of Sufficiency and Gratitude
5:59 The Principle of Saving

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