Money management tips everyone should know.

Money management

Most of us have been taught by the baby boomers generation not to spend more money than we earn. But that phrase suited them back then; the current generation has much more benefits and flexibility with getting and managing finances.

However, one thing that remains timeless is, no matter what & how you earn – spend money, it must be systematic and manageable. Unless you wish to invite chaos and worry to your life along with added interests and late fees, manage your money well.

ProTip:  There are experts available to help you learn the money concepts and advise you to handle them well. And finding such experts in your locality has become easier than ever. Email finder tools such as is an AI-powered website that fetches email contact of any professional in just a matter of seconds. 

It also comes with a chrome extension to your Linkedin account. So finding the contact of Linkedin emails is a piece of cake! Now getting back to the money management tips, here are some useful ones for you.


It stands for Consistency, Timeliness, Documentation and Certification. These features are more valuable to remember when one has taken a loan, either from a banking institution or a creditor. Following these four during your payments and other transactions will keep your financial status healthy.

Consistency – Contract rigorous planning to maintain consistent financial transactions. Making payments regularly will keep you in the good books of the creditors.

Timeliness – Along with consistency, appreciating the time given to pay back the money is equally important. Respect and pay the due every month without a miss.

Documentation – A confirmation or a receipt that confirms the success of payment is always handy in any case of miscommunication or misunderstandings.

Certification – While many of the transactions only need documentation, a few require the certificate from the other party to confirm the transaction. It is mostly used during legal proceedings.

The 50-20-30 Rule

This rule is beneficial during budgeting. Every person earns in periodic intervals. Some get their salary by the end of the month, few are paid every week, and a few earn per hour. Regardless of how you are paid, what matters is how you budget with the amount credited to the personal account.

For the ones who are confused about their saving-spending patterns, these 50-20-30 rules always come in handy! It explains the budget should divide in a way that,

  • 50% goes for essentials (Food, Rent, EMI’s, gas etc.)
  • 20% goes for savings (Savings, Retirement benefits)
  • 30% goes for miscellaneous (Dining and Entertainment)

While this puts you in a cycle of budgeting, it is also crucial to create a funds checklist. Calculate and keep track of the expenses. It will allow you to cut down on the ones that deem unnecessary. Calculate the tax amount and create a goal for your savings. Saving with an intention gives will power to budget efficiently.


Check off the list above and once you excel in it, find another budgeting plan to improve the money management. After all, life is happy when the finances are healthy!