Ability to manage money, along with the ability to earn, are among the most important factors affecting the financial well-being of any person. No wonder in Western countries there have long been the specialized agencies that provide services called “Money management”, that is, services to help in the management of funds.

A person who rationally thinks would be intelligent in money management, regardless of how much they earn. Such people prefer budget-level solutions and never overpay. One of the common problems is that a large number of people are trying to live without due consideration of their real income. Have you encountered a situation where a person with relatively good earnings cannot collect a small amount of money for the purchase of furniture or vacation, while others who earn less, may well afford both, and managing to save a trifle to an account in a bank?

Or another situation: two people who get the same salary, but one is always in debt, while the other is lending money? Some people believe that the most important issue is the size of income, but there is another factor that similarly affects the financial well-being – the ability to manage money. This is a kind of talent, which allows not only to economize material resources, not wasting them in vain but also to direct them in the direction that in the future will prove to be most advantageous. Without these two components, any income or savings can be spent in no time.

So, are you able to manage your money well?