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PERSONAL FINANCE - Coggle Diagram
PERSONAL FINANCE
Strategies
Know your income
Take-home pay
Hou much?
Devise a budget
50/30/20 method
50% take-home pay
Rent
Groceries
Transport
30% discretionary expenses
Shopping
Dining out
20% future
Save
Emergencies
Debt
Limit and reduce debt
Only borrow what you can repay
Credit cards
Wisely
Give yourself a break
Deprivations
Vacation
Purchase
Occasional night
Financial goals
Buy a house :house:
Planning for retirement
Education :pencil2:
Short-term financial needs :moneybag:
Managing your money
:money_with_wings:
Saving
Investing
It encompasses
Banking
Tax
Insurance
State planning
Retirement
Take-home pay
Budgeting
Areas
Saving
Emergencies
Large expenses
Fluctuations
Spending
Hobbies
Entertainment
Groceries
Home repairs
Mortgage
Rent
Investing
Earn a return
Risks
Help from a profesional
Income
:money_mouth_face:
Wages
Dividends
Salaries
Skills
Assessing the costs and benefits
Finance prioritization
Restraining your spending
Financially savvy
Advice
Good : :check:
Bad :red_cross:
Intelligent financial decisions
:bulb: