Live within your means

live within your means....spend for experiences rather than stuff......cut down on your unnesessary spending....teach kids about money early on.....this are good tips a father can share to fellow fathers.

following these tips alow me to demonstrate the how, the why and the because of all this tips

live within your means is like saying that the head of the family must make a
budget as guidance for his financial management on spending, investment and savings.

spend for experience rather than stuff....
this is one of the best tips that is must for parents....just to test the effectiveness of this tips, ask your children about the toys you give them and what happen to it, next ask them about the field trip you have with them. about the bonding and closeness to each other that it creates. the memories that lingers in their mind. the toys they will forget and set aside but the visitation to zoo, parks, the beach the picnics all together are memories that will not fade away and its valued will last forever.

your success on inhibiting yourself from unnessesary espending will realy increase your savings for future investment

teaching your kids about money matters about spending and saving and most of all about the effect of economics in their life and their savings.

they also need to be taugh on how to earn money on their own and not just rely on what is given to them by their parents to save.

because if they understand economics on money matters they will not become a burden to their parents and to the community..by teaching the children to be answerable to their deeds. they will learn how to be responsible for their actions.

Like buying shoes

taking lesson 4 invest in….like buying shoes

the action invest as i understand that there will always be a return in the form of profits

the example presented is clearly and is clarified as pure expence. there is no return of profit and in due time every amount will be consumed. the product is consummable items.

buy the cheap shoes and invest the rest ot the money to earn more money to be able to buy a better shoes and still have your money continously growing in your livelihood

Never stop anyone from participating

ooohhhh.....am not disagreeing with what karen has writen on her blog. i have explain my point. as i have explain as on my sideline observation.

am just new on reading blogs of others. i notice at the end of the blog that says.....leave a reply...to my understanding it means that the write up of the writer is open for reaction just like what you did, reacting to my reaction. so a discussion is now between reactor...... is at hand and karen is going to enjoy to what will transcribe. i hope so

THE TITLE OF THE BLOG IS SMART MONEY am i right. i appreciate karens write up and her perspective.

a poor man spending his money for a shoes that will last him for 5 years is not smart on the use of his money. its a luxurious espending for a poor man. am not rich but am not poor either. i buy my shoes worth 3000 pesos a very big amount for a poor man.the amount can be use for additional working capital for his livelihood endeavor.

i use my shoes on weddings, baptismal celebration, on burial of friend and aquintances. on going to manila and places. i use it in going to my small farm and in all my daily activities, the shoes leaks in a year time. now i buy a new shoes worth 500 pesos and i know it will also last for a year. am satisfied with the comfort in using this shoes

let us listen to expert and react or we become a copycat. it is in reacting that ideas can be expounded for better use in our economic activities. so the country will progress forward.

my advice...D ....never attemp to stop anyone for participating. its not healthy period

Money a system of budgeting

money problem can be anticipated by a system of budgeting. how can this be done.

at the start make a budget. list all the expenses that will normaly be necessary as it falls under necssity. next list all the assumed desire or wants that necessitate for allocation of funds. then the desired amount to save for emergencies and other sundries. total everything and you will know the amount you need.

now list all the sources of your income. sum them up and you will know if you are going to have a deficit spending.

if it shows a deficit then you can look for other sources of funds. avoid loans that you have to pay. you may also slash items in your budget which are on sundries or luxuries. avoid apropriating money to items not on the budget.

now you can partialy solve your problems

money is an instrument

money is an instrument that you can earn by using your physical bodies inherent capabilities. at times your body is called a money making machine. a reason why you have to pratect your body from viruses and bacterias and others that might inflict harm to your body

having money as an instrument you can use it to buy goods and services that you need and like.

you can earn money by selling your goods and sevices

on how you manage your money will show the difference between a beggar and a vendor.

but always remember that having lots of money or non of it does not make your soul poor or rich. it is on how you use the money that will define the difference.

the economy of the spirit gets the priority

Money does not grow on trees

money does not grow on trees….yes literally speaking.

in reality theres lot of money on trees. a sideline observation. one of the main reason of the drying of water shed is the loggers illegal cutting of trees. the number of hectarage of our forest is fast dwindling resulting to catastropic incidenses of flash floods in some areas.

another situation on my sideline observation. i have a land. the old man planted mangoes and is now fruit bearing. i take the joy of looking on those mangoes being harvested. they are money harvested from trees. looking positively theres money on trees. from the leaves, twigs branche of the tree that is a result of pruning.

but just like what your parents is saying ….work…work..you have to work to have money