This post is inspired by an article I came across on Yahoo finance titled: "How one woman paid of $23,000 debt in 15 months." Instantly when I read the article, I knew those were proven strategies for financial planning. Using these strategies, your financial state will be definitely much healthier.
The strategy is simple: just list down your needs and your wants. Try doing this if you want to improve your financial future.
What are your needs?
You probably know what are your basic necessities for survival. Utilities bills, handphone bills, basic groceries, cheap food and transport(bus & train) are some examples. Basically, these are what you need in order to survive.
After knowing your needs, estimate your budget for each month which you require to spend on.
What are your wants?
Your wants are something which you can do without but still survive. This can sometimes be ......