TASK 2: Learning to manage money is one of the key aspects of adult life. How in your view can individuals best learn to manage their money

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May 23, 2021
Money management is an integral part of adult life as it helps people maintain their lives. Therefore, it is necessary for everyone to know how to manage money. This essay is going to recommend two ways which people can learn about controlling their way of using money in reality.

First and foremost, it is suggested that people should limit their purchases everyday. For example, instead of using all the money, they could spend a quarter of it and save the rest of this money simultaneously. As the consequence, they would not worry about their budget. Instead, by doing this, they could have much money in the long run and they might use it for investment or starting up their own business. Indeed, if people avoid from splurging on unnecessary stuffs , they could hoard a large amount of money.

Last and not least, learning from other adults also a good way which can help people manage their budget. For instance, children should set their parents as an example to study about how they manage their money and spend it. Parents. As a result, they would be able to understand how to spend money in an appropriate way. Furthermore, sometimes they might buy some products at bargain prices.

To sum up, learning how to keep and use money is very vital in lives, especially adults. There are plethora of ways that people could spend their money in the right way and make sure they would not waste all of it. Spending limitedly and looking how people monitor their money are two of recommendations.