Money as a fuel is well managed by most of us. We have a paycheck that fuels our budget for the whole month. Everybody  to manage that with best of abilities.

A nick here and a stitch there, a few more bucks would have done better, save for that suit or car or whatever; employee’s money management skills are mostly limited to savings and investing in funds.

If you are doing that efficiently, its good.

There are people who find it difficult to manage that.

Unfortunately, money management, which should have been part of our study curriculum, is not taught anywhere. You learn managing the money by mistakes and trials.

Sometimes mistakes can be costly. [Read more...]