Personal Finance – Some advices on what to do

Finance is very important in any one’s personal life. Managing finance is bit more important and difficult. Excessive money should be managed in an organized way as an investment so that it may return you big amount in the future. People may invest their money in different areas. Banks, stock market, government bonds, mutual funds and some unit link policies are the investment availabilities in the money market. But you have to select which place has more risk and which one carries less with more safety.
The following are the some key advices on what to do
1. Don’t go for only high profits: High profits should not be the only motive when you would like to invest your money in any finance sector. To some extent, you have keep safety in your mind. If you expect high profits, need to invest in the direct market and it may give you profit or loss which is highly risk market. You have to accept either of them but if you go for less risk then you never loose your everything but safety is there of your money.2. Do keep enough cash available: Never make your hand empty. Don’t go for complete investment and keep some money in your hand at least for the expenses to bear for certain months to come.3. Don’t try to put your entire money in one single investment: Make your investment in different finance sectors so that if one sector suffering loss then at least we can pick our money from different sector.4. Do live below your means: Try to live within your limits. Don’t go for huge expenses which are over your head. Try to save some of money from your income and make your expenses under the limits.