How do you plan and organize your money so that you will have sufficient to meet your needs as well as plan for a nice vacation every now and then?
Here's a great article on Yahoo that teaches you 7 tips to better manage your money.
20-something Money Tips
To add a few more pointers to this.
- Build up a portfolio of dividend paying stocks that you can eventually use to offset against daily expenses. For instance, I know of someone who has been buying dividend paying stocks for the past 7 years and now has enough dividends of about $24,000 annually to pay off for basic expenses.
- Plan a percentage for tithing and charity. Giving to charity has surprising effects and many good things do happen to you out of the blue.This has been my personal experience.
- Split your savings into 3 bank accounts, one for saving, one for investing to grow your wealth and another for tithing.
