money!!!!

moneyIf you think about it, there are really only five things you can do with money:

-EarningMost people have to earn an income some way or another. Some people do this by working at a job, others own their own business, and still others earn their living through more unconventional means, such as investing in real estate or the stock market. Whichever way you earn your money, a key decision in this area is determining how much money you actually need to survive.

-SpendingThe first rule of spending is to always spend less than you earn. The minute you start spending more than you’re taking in, you incur what is called negative margin or deficit. Deficit is different from a loan in that deficit adds continually to your debt and are unable to pay it back. As you keep overspending each month, your debt just keeps growing and growing. Before long, you and your entire family will become a slave to it

-SavingThe extra money you have left over (or should have left over) at the end of each month after paying your living expenses, taxes, debts, and meeting your giving budget is called savings or margin. Your savings should always be planned and regular.

-InvestingInvesting your money wisely is crucial to getting the most return on your time and effort. After all, you’ve worked hard for your money.

-GivingAs with saving, your giving should always be planned and regular. Choose your charities wisely, and make sure they’re putting as much of your money as possible into their primary work rather than miring it all in overhead. It’s also okay to keep some money aside in a contingency fund for those “spur of the moment” donations.