Gestion de l'argent (document en anglais)

Managing money

Managing or handling money is a difficult and delicate process. When manipulated correctly, money becomes a source of comfort and relief. However, when money is scarce or badly handled then it starts having an enormous impact on your health, mind and life. Debt is difficult to pay off and weighs a lot on your peace of mind. Debt is one of the biggest problems of today’s society for schools no longer teach you how to handle money, recognize the better valued goods and such. The credit card has changed the way people think about money and how they spend it. You are now able to spend what you do not have, which is a dangerous idea that endangers people’s bank accounts, which can trap you in financial snares and can leave you with no money.

I- A few tips on managing a budget

Create a budget. This means allowing yourself a certain amount of money a week to spend and saving the rest. One way of doing this is by setting aside a specific amount of money out of your income for spending and spending only. Specify the amount of money one will need to spend monthly and try not to go over your specified budget. Try to find the best bargains possible. The majority of the time when someone shops around, he or she is able to find things at a lower price rather than jumping at the first chance they get. A major factor of sticking by your budget is learning how to say no. You should also make a list of their necessities. You can do this by deciding what things would be needed and what is not needed and by deciding what things are necessary or not.

II- Shopping addiction

In some cases, it may be difficult to tell if you are, or a loved one is, a shopaholic. Many people adore shopping, and many people also spend too much money while engaging in this activity. It is important to note that going a shopping spree once in a while does not mean you are a shopping addict.

Like all addicts, shopping addicts may try to hide their addiction, and if a loved one is addicted to shopping, they may try to hide it from you. If you hide credit card bills, shopping bags or receipts, you may be a shopaholic. In some cases, shopaholics may try to hide their addiction by lying about just one element of it. For instance, a person may admit they went shopping, but they may lie about how much they spent.

III- How credit cards work

Credit is money that a bank or credit card issuer lends you. You can get a loan for a specific purpose, such as financing a new car, buying a home, paying college tuition or paying an expensive trip for our beloved English teacher. Using a credit card is like getting a loan. It’s not free money. Every time you charge something, you’re borrowing money until you pay it back later (though people tend to forget this small yet important detail). Consumers may continuously roll over a balance for several months. Acquiring too much credit card debt can ruin your credit score and also credit card fraud is a possibility.

Questions:

What is a budget?

What are the symptoms of a shopaholic?

What do people tend to forget about

...