SPENDING MANAGEMENT

By: Hisar Pangaribuan

SPENDING MANAGEMENT

In Company Prospectus: is the way in which companies control and optimize the money they spend. It involves cutting operating and other costs associated with doing business.

OR

Managing how to spend money to best effect in order to build products and services.

In Personal Paradigmn: The way we (personally) spend our money. How do I spend my money? How do you spend your money?

THE SPENDING PRINCIPLES :

BUILD A BUDGET

BEING FRUGAL IS A VIRTUE AND SAVE AS MUCH AS POSSIBLE

PAY FOR THINGS IN CASH

ALWAYS LOOK FOR A BARGAIN

YOUR SALARY IS NOT A SECRET

THE PRINCIPLES ATTITUDE TOWARD MONEY:

Build a Budget Being frugal is a virtue AND Save as much as possible Pay for things in cash Always look for a bargain Your salary is not a secret