Belcanto Business Studio

1. The earlier you start managing your money, the richer you: when you’re young you tend to think that all the time in the world and it is too early to manage the money, but the more you leave, the harder it later.

Imagine you need 10,000 pounds to your 30 birthday: you could save 78 cents every day since age 13, 4.47 pounds per day from 25 or 27 pounds per day from 29. Every day counts when it comes to money and take advantage of it is never too early to start.

2. Learn to buy: not just a question of money – buy it implies not only save money but also time. Imagine that you gain 3 pounds per hour caring for the children of your neighbors. If you spend 15 pounds on a CD you could have bought at another store for 9 pounds, you’re not losing just 6 pounds, but two hours (2h to 3 pounds per hour = 6 pounds) you could have used something else .

The Internet has been a great saving in the lives of many buyers and today not only can buy everything from a computer with Internet access, but also can compare prices at different stores, read user reviews etc. View Online shopping for a selection of recommended stores.

3. Understand the difference between “capital” and “income.” Capital is something (money, property, shares or other investments), which generates income to its possessor. The wage is therefore the income earned by the capital of our work, hence the term “human capital.” Money is not just money, or it is capital or income.

4. Beware of credit cards: When in doubt, do not spend more than you have. The main risk is credit card debt to the point where you have no way to pay. If you need to borrow money there are much cheaper to get it. And if you want to not carry cash, use a debit card

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