Money matters

Money matters.

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1.What is the value of money?

  Money is a means of exchange. It is your way of paying for goods and services that you want or need. There are several different types of money: banknotes, coins, and plastic cards. Each type has its own value.

Banknotes

The most common type of money are banknotes. These are issued by the government and are used in most places. Banknotes are very important because they are the only way to pay for a large amount of goods.

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2. What are your spending habits?

Do you spend more than you earn?

How do you feel about your spending?

When it comes to the money, I am not a typical person.

I have always lived frugally, even when I was a child. I never had a credit card or a bank account.

My parents always had their money in their pockets, never in the bank. This is how I learned to save and invest.

Now, I have to admit that I still have some money left, and I don’t even know where it is, but I always have enough money to cover my basic expenses.

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3. Can budgeting help to go from rags to riches?

It’s a question that has been on my mind as I’ve been reading up on the book “The Millionaire Fastlane,” by M. J. DeMarco.

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I recently read a review of Forbes’ book on a blog that lists its top five tips to get rich:

“1) Save more money. 2) Invest your money wisely. 3) Spend less. 4) Do something you love. 5) Be disciplined.”

Sounds like a good plan, right?

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4. Are you in the habit of saving for the future? 

If not, it can be a very good idea to start.

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The best investment is an investment in yourself. Saving for your retirement can give you the ability to travel, buy a house, or even help pay for college tuition. However, many people fail to save for their retirement because they don’t have a plan or they think that they will get rich one day.

But, if you are in school now, your financial future is in jeopardy. You need to start saving now.