Spending

In order to effectively utilize your income, such as salary, scholarship, or company ownership dividends, and avoid the need for additional sources of income, it is essential to carefully assess how, where, and on what you allocate your funds on a monthly basis. 

Many of your daily activities entail financial obligations. For instance, commuting to work incurs travel expenses, and pursuing higher education entails the purchase of stationary supplies. To adequately manage and finance various expenditures within your income, it is crucial to develop a personal budget that accurately outlines your monthly expenses.