222

$show=home

Welcome to Accounting Education

The Accounting University with 3400+ Accounting contents as study material which can watch, read and learn anyone, anywhere.

Start your studies

$show=home

Journal Entries $type=three$count=6$author=hide$comment=hide$label=hide$date=hide$show=home$s=0

Balance Sheet $type=three$count=6$author=hide$comment=hide$label=hide$date=hide$show=home$s=0

How to Spend Less Money

In the living life, money is so important. We have to learn the effective use of money. Life will not feel sad due to shortage of money if you learn, "How to spend less money?" It will give you financial freedom all the time.


To spend less money is clearly in your hand because money is dead. You can do what can you with money. If you have some brain you will use it effectively otherwise, you will waste it. Let me explain this with a small but important story.

A businessman has become very old. He had done so hard work for setting up his business. He has 3 sons. He wants to give his business in the hand of his intelligent son. So, he decided to take the test of his 3 sons. He gave Rs. 1,00,000 money to each son for doing their business. He gave the time of one month and allow that they can go any other city. All sons got money and went for doing business.

First Son = He bought second hand car with Rs. 1,00,000 for driving. But he has no money to buy the fuel. So, he came second day in the home because he has no money for starting his driving business.

Second Son = Second son thought about enjoy the life with some money. So, few days he spent in hotel. He drank alcohol drinks. He enjoyed his life with his some girl-friends. Now, he was Rs. 10,000. For showing his father big money, he played gambling with Rs. 10,000. He lost all the money and reached home before one month because he had no money for eating the food.

Third Son = Third son had made budget of his business. Third son took the shop on the rent of Rs. 5000  in the market. He spent Rs. 10,000 on furniture. He bought book and stationary with Rs. 20,000. He started his books retail shop. After one week, customers started to buy books and stationary from his shop. In night, he slept in same shop. Early in the morning, he opened the shop after pray of God. Within the month, he earned good money. He made Rs. 2,00,000 with his invested his capital of Rs. 1,00,000.

Now, after month, he came to his father. He returned his Rs. 1,00,000. Father asked, did you not started any business. Son replied, I started and earned enough. So, I am today returning your money from profit. Father was happy after listening his business success story. He gave his whole business to his third  son.

Lesson from Above story = 

1 # All sons have Rs. 1,00,000 money for starting business. First son does not know spending effective way. He did not make the budget. So, he spent only. So, his expenses increased from his capacity. So, he failed in the business.

2. # Second son had also Rs. 1,00,000. But, he had the bad habits. Remember, if you have any bad habit, you never spend less. You will waste only money. So, leave your bad habit and follow good habits. Your money will be automatically spent less.

3. # Third son had also Rs. 1,00,000. He was so intelligent. He made his budget. He classified his expenses. He promoted his business by taking shop in the market. Add good  furniture and stock of books and stationary in it. He kept his every day record and checked which items had the demand. From re-investing everyday profit, he got success. He also bought his inventory from good suppliers at best rates. That is the reason, he doubled his money within one month.

All we can make the person like that father's third son. We only need to follow some good habits.




1st Good Habit 

Pay Your All Bills on the Time 


When you will pay your all bills on the time, you will not face penalty. So, with this good habit, you will spend less money. Never wait last day of paying bill. This is not good habit.

2nd Good Habit 

Maintain Your All Assets


When there is the need to repair of anything, repair at that time. Never wait. For example, if you see, you electric plug is short circuit. Repair it because it will be harmful for electric wires. If you will become careless, your expenses will increase 100 times or more. I remembered, few days ago, my inventor is speaking a slow voice. I cared it. My mechanic told that your inverter card became dead. I changed at same time by spending Rs. 1200, if I would become careless and does not repair, I had to pay more if my inverter  became dead.

3rd Good Habit 

Keep Every Asset on a Specific Place


Sometime, we keep any asset any place and forget. Result will be of buying same asset by paying money. This is wastage of money. You can reduce it by keeping all things at its proper place. Make the list about which item is kept at where?

4th Good Habit 


Never Take Loan

If you are taking loan, it is sure, you are not spending your money effective way because taking loan will increase your financial burden. You have to give interest on this loan. Why are you taking loan? You had spent more in the past than your actual earning resource. You are increasing your spending my taking loan. Keep your hand on your heart and say, I will never take loan because, I can increasing my money resources by spending less in useless and waste projects.



See Also 


Reference 

 


Name

access,2,account,86,accountant,95,Accounting,683,accounting definitions,99,accounting ebook,3,Accounting education,85,Accounting Education Ads Help,1,accounting procedure,2,accounting process outsourcing,2,Accounting Software,52,advance,3,advertising,6,africa,7,Amalgamation,6,amendments,16,Amortization,1,announcements,62,Annuity,2,assets,53,audit,47,auditing,41,Australia,2,B.Com.,22,balance sheet,87,bank,111,Bank reconciliation,12,banking,33,basic accounting,110,BBA,1,benefits,13,best,50,bill,12,black money,3,blog,12,bloggers,7,book keeping,4,bookkeeping,3,Branch Accounting - full tutorial,8,budget,35,Budget variance,13,business,65,businessman,9,CA,30,calculator,4,canada,3,capital,72,capital budgeting,27,career,21,cash,40,cash book,8,cash flow statement,11,Chiense,1,children,13,china,6,class,3,coaching,2,coins,2,college,6,commerce,10,commerce students,7,company,36,computer,9,computer accounting,1,conference,4,Contact vinod kumar,1,Control Your Spending,27,corporate accounting,69,cost,160,cost accounting,195,cost center,8,cost centre,1,CPA,2,credit,18,credit card,11,cs,10,currency,35,data,11,Debit and credit,17,debit cards,1,debt,62,debtor,21,degree,6,depletion,2,depreciation,38,Diwali Messages,12,documents,4,dollar,5,domain,3,Downloads,3,Dubai,1,e-accounting,17,earning,17,education,246,Education Loans,6,email,15,employee,4,EPF,2,ERP,7,euromoney,1,examination,7,excel,17,excise duty,6,expenses,65,facebook,7,factor of loan,1,fans,2,feature,32,fifo,5,FII,4,fiji,1,finacle,1,finance,823,Finance Journal Entries,6,Financial,134,financial accounting,147,Financial Statements,4,fire insurance,3,flickr,2,flow,4,forensic,4,forex,21,formula,8,france,1,fraud,6,free,2,fun,34,function,1,fund,48,GAAP,36,GDP,1,gdr,5,germany,1,gold,7,goodwill,4,goodwill accounting,3,google,34,google apps,3,google apps,1,google base,1,google buzz,1,google calendar,1,Google docs,38,google finance,3,google fusion tables,1,google talk,5,govt.,5,GST,33,guide,85,health,6,Hindi,2,Hindi Language,3,history,3,holding company,3,How to treat FBT in Tally 9,1,HRA,3,ICAI,11,ICAWI,3,ICICI Bank,1,IFRS,11,income,17,income statement,19,Income Tax,7,India,57,indian railway,1,Indonesia,1,inflation,4,inflation accounting,3,infographics,8,information,7,inspiration,176,insurance,14,insurance accounting,2,Intangible,3,interest,26,international,7,Internet,40,Introduction of Tally 9,1,inventory,41,investment,135,investment in Shares,6,invoice,3,IT,1,Japan,1,Job costing,4,journal entries,143,Journal Entries eBook Help,4,Kalculate,1,keyboard,3,kuwait,2,laptop,2,law,4,LBT,1,learning,36,lease,5,lecture,11,ledger,17,leducation,1,Leverage Analysis,7,liabilities,16,lifo,3,linkedin,1,loan,74,logical point,1,loss,5,loss of profit,1,M.Com.,5,m.phil,2,malaysia,3,management accounting,129,manual accounting,4,manufacturing account,1,market,11,marketing,3,mastercard,2,material,13,MBA,14,MCA,1,media,4,migration,2,mobile,9,money,61,ms word,3,ms. excel,14,multi currency in tally 9,1,Multicurrency Accounting,3,mutual fund,30,national security,1,new and sacrifice ratio,1,new york times,1,new zealand,1,news,1,NGO,5,nonprofit-accounting,6,North Georgia Mountains,1,Notification,1,NPV,17,NSE,1,odbc,2,office,10,oman,1,online application,2,online accounting,11,Online Accounting Course,5,otcei,1,pakistan,3,parents,3,Partnership,1,pay pal,3,pdf,4,Personal Finance,6,pie chart,1,pie chart of income,2,pnb,5,podcast,1,ppf,1,presentation,10,price,7,privacy policy,2,prof. vinod kumar,13,profit,24,profit and loss account,12,project management,11,provision,14,purchase,9,puzzles,2,quickbooks,2,Quote,22,quotes,42,quotes of svtuition,1,rating agency,2,ratio analysis,34,RBI,7,readers,13,real estate,13,rectification of errors,11,remote control,2,reports,10,reserves,8,responsibility accounting,4,retirement,2,revenue,3,Revenue reserves,2,review,7,risk,11,rupees,9,salary,5,sale,12,SAP,3,saudi arabia,1,saving,19,sbi,9,scholarship,2,school,1,SEBI,13,security,30,service tax,23,share,20,share trading,15,Shares,16,shri lanka,3,singapore,2,sms,6,social accounting,7,society,5,solution,219,South Africa,1,stock,24,stock exchange,22,structure,6,student,39,students,70,study,21,subsidiary company,2,svtuition,14,swiss bank,2,tally,100,tally 9,8,Tally 7.2,8,Tally 9,42,Tally.ERP 9,59,TallyPrime,1,tanzania,2,tax,94,Tax Accounting,30,TDS,15,teacher,62,teaching,112,technology,33,test,40,testimonial,15,testimonials,15,thailand,1,tips,60,trading,5,trading on equity,2,transaction,7,trend,12,trial balance,14,truthfulness,1,tuition,3,twitter,10,UAE,5,UGC - NET Commerce,13,UK,11,United Arab Emirates,1,university,9,usa,25,valuation,9,VAT,22,Video,36,Voucher and vouching,4,Wealth,8,wikipedia,25,working capital,29,youtube,14,
ltr
item
Accounting Education: How to Spend Less Money
How to Spend Less Money
https://1.bp.blogspot.com/-eU6a14unWjY/Ut4B_PbR3lI/AAAAAAAAMp8/c4O6ncXRszY/s1600/spend+less.PNG
https://1.bp.blogspot.com/-eU6a14unWjY/Ut4B_PbR3lI/AAAAAAAAMp8/c4O6ncXRszY/s72-c/spend+less.PNG
Accounting Education
https://www.svtuition.org/2014/01/how-to-spend-less-money.html
https://www.svtuition.org/
https://www.svtuition.org/
https://www.svtuition.org/2014/01/how-to-spend-less-money.html
true
2410664366776677676
UTF-8
Loaded All Posts Not found any posts VIEW ALL Reply Cancel reply Delete By Home PAGES Contents View All RELATED CONTENTS FOR YOUR LEARNING Topic ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy