Five prudent tips that will help you manage your personal finances – DNA India

Personal finance: It can help you have a better understanding of where and how you are spending your money.

Even if you are earning lakhs of money and not managing your personal finance meticulously, you may find yourself with an empty hand. Hence, it is important to learn financial management to reach your financial objectives. It can help you have a better understanding of where and how you are spending your money. 

Here are five suggestions to assist you in managing your finances:

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Sudden unplanned expenses or emergencies can sometimes mean we may not be able to meet our financial needs at all times. While being cash-strapped between pay cycles can be alluring to take payday loans but these loans can cost you severely.

Paydays lenders often charge high-interest rates and fees and have significantly higher penalty/late fee charges. Other options such as credit cards and Buy Now Pay Later programmes can provide convenience but also charge interest and late fees that can be expensive.

Instead, opt for solutions like Salary On-Demand that lets you access your earned but unpaid salary instantly without any loans or high fees.

(With inputs from IANS)

Source: https://www.dnaindia.com/personal-finance/photo-gallery-five-prudent-tips-that-will-help-you-manage-your-personal-finances-2980404

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