How Do I Make Best Use Of My Money?

You may have lot of money but you if you do not manage it properly you may still land up in debt.

Some of the suggestions that will help you manage your money in a better way :

1. Organize your financial papers. They are important from personal and taxation point of view. Keep a list of all your accounts, like fixed deposits, property papers, bank accounts etc.

2. Supervise the money you have. The philosophy behind earning a lot of money is that, earn more and spend less.

3. Plan in advance what you are going to do with the money before you actually receive it.

4. Make use of net technology to pay your monthly bills, credit card management, buying and selling of shares, managing your demat accounts etc. This will help you save lot of time. Remember that online services are open 24 hours.

5. Prepare a budget and try to stick to it.

6. Do not overload yourself in debt, thinking that you will receive a better paying job very soon.

7. Try not to exceed the credit limit of your credit card and make sure you make payments on time.

8. Create a financial emergency fund and save for a rainy day, ideally10% of your regular income.

You can make best use of your money by spending them on poor people or if you are astudent then spend a very little part of your amount of your money inpoor people and give some of them to your parents and rest spend on your self on your studies...........

                                                                              From
                                                                                     zina-zainy

Make a goal of what you will buy when you earn enough. Then try to earn that much money and more. When you have enough money, ask your self 2 things: 1: Do I really need this? 2: Do I still want it? If you can answer both of those questions, you can have a lot of money in a couple of months. I hope this helps!

I am on the Dave Ramsey plan, and I am almost debt free.  Look up Dave Ramsey thru your internet browser.  He gives good suggestions.

Depends on how much money you have, eg millions, or billions, less than 1 million i would invest my money with treasury bonds, securities, etc. You can purchase bonds up to 10,000,000, from the federal banks.Also there is a lot of different investment, depends on how much money we are talking. Bhagat