Black Money Business Jobs : Saving vs. managing money

Discussion in 'Black Money Business Jobs' started by Shikamaru, May 6, 2012.

  1. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    Have you ever noticed that saving money is talked about heavily, but MANAGING money .... not so much ?
     
  2. legit-writer

    legit-writer Well-Known Member MEMBER

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    if we knew how to manage money better, then 'saving' it wouldnt be emphasized so much. so with that being said, we in general need sources that emphasize more on managing money.
     
  3. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    So, you are saying that saving money is easier than managing it ?
     
  4. legit-writer

    legit-writer Well-Known Member MEMBER

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    thats what 'we' have been taught to believe. me personally, i have no problems managing money. so for me, managing money is just as easy.
     
  5. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    How do define money management?

    If you don't mind me asking, how do you manage money?
     
  6. legit-writer

    legit-writer Well-Known Member MEMBER

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    that's a secret. lol
     
  7. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    I define money management as the planning, tracking, and usage of monetary resources.

    This includes budgeting, financial planning, expense tracking, billing, tax assessment, expense planning, saving money :), and other tactics and strategy.
     
  8. legit-writer

    legit-writer Well-Known Member MEMBER

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    if you manage money well, then asking me shouldn't even be an option. you're good lol
     
  9. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    I raise the issue because just because a person makes a lot of money doesn't translate into they can manage that money.

    The long list and string of celebrities, musicians, business-people, actors, and others who came into money and lost it all is proof enough of the above.
     
  10. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    Saving money and managing money are distinct concepts although money management will incorporate the strategy of saving money and vice versa.
     
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