How to allocate your salary

forlan By forlan, 12th Jan 2011 | Follow this author | RSS Feed | Short URL http://nut.bz/1f0-k56x/
Posted in Wikinut>Guides>Money Saving Tips

Some people are difficult to allocate the salary. It is not difficult to do that after write this article.

How to allocate salary

What do you spend your salary? For leisure only or for investing only. A clever man should think for his future to allocate his money or they will be bankrupt soon. They need to allocate the money into some post such as:

Investing
Investing is important for your future and retirement. Allocate your salary for investment such as share, mutual fund, gold bar, precious metal, ETF, index, etc. Though the investment return is not good today, investment might give you high return after the crisis over.

Saving
Some people are difficult to save money because they just have little money. On the other hand, an employment whose has much money cannot save too. They forget to set the save first and they spend all the money in the middle of the month.
This is the tips to avoid your money i.e. saving first your money before spending anything. It will save your salary. You can use saving for future spending or investment.

Education
Education is very important for your future and it can help us to generate more money. For example, a master can generate money than a diploma who works at same place. Use a part of salary for paying college fee or degree and you might get high salary next time.

Daily necessity
People must need food and cloth and other daily necessity. If you have much money, you can buy any expensive things. If, on the other hand, you have little money, you are better to buy no brand things.

Giving
After you get much money, you need to give to some unlucky man. It may be your family, neighbor, friend, or someone else. Give some money to them and they might give you money if you need it someday.

Leisure
Allocate the money for holiday, picnic, vacation, etc. You have right to enjoy your money after working hard.

This is a flexible allocation of salary. You should fit it because people have different salary and necessity. You can contact to discuss this problem with your financial planner.
If you have high salary, you will be easy to allocate your money. If, on the other hand, the salary is low, it is not difficult to allocate the salary. For example, in underdeveloped country like mine, most clerks’ salary is not enough to fulfill daily necessity so they must be difficult to allocate the salary for other things.

Tags

Investing, Leisure, Money, Necessity, Personal Finance, Salary, Saving

Meet the author

author avatar forlan
A financial consultant and blogger. I love pets too.

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Comments

author avatar Jerry Walch
13th Jan 2011 (#)

Nice overview.

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author avatar mountainside
13th Jan 2011 (#)

..Hi, Interesting information. Thanks. Take care.

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author avatar forlan
20th Feb 2011 (#)

@JerryWlach @mountainside thanks for the comments

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author avatar Timothy
21st Sep 2011 (#)

The terrible grammar was a distraction..native speakers please!

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