Comments on: How to Run Your Personal Finance like an Actual Business

By: Agnelli Brown

Agnelli Brown — Fri, 30 Oct 2009 08:09:17 +0000

Our personal finances may not be as complicated as what businesses have but they both share a lot of things in common like risks, uncertainties, budgeting, income, expenditures etc.

Similar to running a business, its important not to take for granted even the smallest detail when it comes to our finances. To help us manage it, i suggest that we take note of our income and expenditures so that we can track everything once we plan to cut down on costs and set up priorities. Its also vital that we plan everything and avoid the habit of rushing into something we haven’t thought of yet.

Great blog!

By: Daisy

Daisy — Fri, 30 Oct 2009 07:44:55 +0000

Great comparison between business and our personal finances. Most people are obviously more lax in handling their own money, but it’s always good to be reminded of having a little discipline. Money is so hard to get by and relatively easy to lose, so the kind of alertness in spending, and keeping track of expenditures that we do in business is definitely needed to balance out the money that goes out of our pockets with the amount that we earn. It might be hard at the beginning but it will definitely pay off (pun intended) in the long run!

By: Ryan Andre

Ryan Andre — Fri, 30 Oct 2009 07:06:54 +0000

Saving is really important in one’s life because his/her future will depend on that in terms of how he/she will save his/her money. That is why people make businesses because they want to earn more and save more. But with that, there are some things you need to reconsider before putting up a business. One of these things is how much will you shell out from your savings. Another and most important of all is the expenses and costs that are present in the business from location, things to buy and a lot more. That is why making a business is hard but it’s fulfilling at the same time because you can see that with your money, you can go to places.

By: Archenar

Archenar — Thu, 29 Oct 2009 07:55:12 +0000

I agree with Lucky, when the time comes that you save the right amount of money, you’ll think of where the money should go, some will buy important needs, some will invest it on something like a business or buying stocks from a company. For example, my mother who is a manager of a company started up a vendo machine business so that she has other sources of income. She visits it every other day to reload the stocks so that people from the office will buy from her.

This is a good way of diverting your money to other things that are important. You cannot start a business if you dont have any capital. You’ll get your capital from your salary,

By: Lucky

Lucky — Wed, 28 Oct 2009 07:46:18 +0000

It’s fascinating that many people save money to keep their future intact. Moreover, there is a saying that you can’t depend too much on your present job. Instead, you’re earning for the sake that you can build your own business so that you have other ways of earning money besides from the one that you already have.

Businesses may be risky but that is one thing that matters to people that is why they venture on making one with the money that they have.