{"id":19839,"date":"2018-07-10T11:33:16","date_gmt":"2018-07-10T11:33:16","guid":{"rendered":"https:\/\/demo.munark.in\/sinhasi\/?p=19839"},"modified":"2025-02-14T12:23:35","modified_gmt":"2025-02-14T12:23:35","slug":"started-working-manage-personal-credit","status":"publish","type":"post","link":"https:\/\/demo.munark.in\/sinhasi\/women-money-with-sinhasi\/started-working-manage-personal-credit\/","title":{"rendered":"Just started working? Learn to deal with your credit"},"content":{"rendered":"\t\t
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Some people are usually great at managing money.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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They plan everything perfectly from saving each month to sticking to their budget and living a debt free life. But for few, it is a challenge especially if you have just started working.\u00a0It\u2019s very important to follow a few money rules especially if you are a woman.<\/strong>\u00a0Though women and men work in the same competitive corporate world, they both live their lives differently and have different responsibilities on their shoulders.<\/p>

Getting paychecks in the bank account on regular basis without any additional liability can make anyone a spender. And since there is already an income one can easily get credit either in the form of a credit card or from the bank. Sometimes these spending habits go a little out of hand and people tend to shift towards available credit options. Relying on credit cards when running out of cash is not at all a good idea. Here are the few things to be understood on how you can avoid credit.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The Feel Good Factor<\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tWhen you have just started earning, you will find all types of people \u2013 most of them would be party maniacs having more spending capacity than earning capacity. They live as if they are living the best type of life and you with your savings are just worthless. It becomes a challenge to live your own life and you tend to become like them in order to show your worth.\n\nDon\u2019t spend money to make others think you have the right life or please others and try to feel good. Instead,\u00a0do things that promote self-respect and creativity so that you don\u2019t have to seek self-worth in spending money<\/span><\/em><\/strong>. One of the best ways to create wealth is to spend less than what we earn.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t <\/div>\r\n <\/div>\r\n \t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Discuss Money with Parents<\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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These days it has become very uncool to discuss salary details with the parents. Thinking that as long as we don\u2019t ask money from our parents, it is okay to spend on whatever we like. Even when they ask about our earnings we decide not to tell them.<\/p>

This is again a very grave mistake from our end. One should always remember the times when parents used to keep our demands before their needs and we used to get gifts of our likings. Only if we discuss money with our parents, they will be able to help us with its management telling us if we are saving enough or splurging more than required.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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No Budget<\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Maintaining a budget is again an important aspect of money management<\/strong>. It also helps in focusing on spending and working on one\u2019s financial goals. You can really change your relationship with money by just setting up monthly budget. If you do not plan your finances, it becomes too easy to add on to more loans without improving your ability to clear these loans.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Think Long-Term<\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Sheila, age 25 years old, working for just 6 months bought a car on loan. And after 6 months of using that car she gets married in other city and she decides not to continue with her job anymore. Now, the existing loan has become a liability for either the parents or the husband. The best possible solution could be to sell the car and it might not happen overnight.\u00a0Women need to understand the long term impact of their buying decisions<\/strong>\u00a0and then only go ahead with such purchases.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Overwhelming Amount of Debt<\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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If you already have an overwhelming amount of debt, it is advisable to take control of the situation and begin to make changes that will help you turnaround your financial situation. One should set up a debt payment plan to pay off the debts in a disciplined manner.<\/p>

At the end of the day,\u00a0it is not a good idea to struggle to maintain your monthly bank balance every month.<\/strong>\u00a0It clearly means that there is a cash flow problem in the planned budget. Hence, it is very important for one to plan and spend their money wisely. Wants and needs should be categorised accordingly as unnecessary regular spending might lead to lots of unwanted loans to pay.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\"\"<\/figure>

SINHASI KNOWLEDGE SERIES FOR WOMEN:<\/h3>

Empowering women through money matters and financial independence<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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This initiative of women empowerment has been started by Sinhasi to educate women on their rights with regards to money and finances. Because, Sinhasi believes that true women empowerment begins with financial empowerment.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\"\"<\/p>

SINHASI KNOWLEDGE SERIES FOR WOMEN:<\/strong><\/p>

Empowering women through money matters and financial independence<\/p>

This initiative of women empowerment has been started by Sinhasi to educate women on their rights with regards to money and finances. Because, Sinhasi believes that true women empowerment begins with financial empowerment.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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For more details Contact:\u00a0 <\/span>Mr. Rajanish\u00a0–\u00a0<\/strong>\u00a09900130321<\/a> | Mr. Saisri – <\/strong>\u00a09740013581<\/a> | Email\u00a0–\u00a0<\/strong>contactus@sinhasi.com<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t <\/div>\r\n <\/div>\r\n \t\t\t<\/div>\n\t\t<\/section>\n\t\t

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\n\t\t\t\t\t\t\t\t\tFor more details Contact:\u00a0
<\/span>Mr. Rajanish\u00a0–\u00a0<\/strong>\u00a09900130321<\/a>
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Mr. Saisri – <\/strong>\u00a09740013581<\/a>
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Email\u00a0–\u00a0<\/strong>contactus@sinhasi.com<\/a>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t <\/div>\r\n <\/div>\r\n \t\t\t<\/div>\n\t\t<\/section>\n\t\t
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Some people are usually great at managing money.\u200b They plan everything perfectly from saving each month to sticking to their budget and living a debt free life. <\/p>\n","protected":false},"author":1,"featured_media":19841,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[68],"tags":[96,94,90],"class_list":["post-19839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-women-money-with-sinhasi","tag-credit","tag-women","tag-women-empowerment"],"_links":{"self":[{"href":"https:\/\/demo.munark.in\/sinhasi\/wp-json\/wp\/v2\/posts\/19839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/demo.munark.in\/sinhasi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/demo.munark.in\/sinhasi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/demo.munark.in\/sinhasi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/demo.munark.in\/sinhasi\/wp-json\/wp\/v2\/comments?post=19839"}],"version-history":[{"count":0,"href":"https:\/\/demo.munark.in\/sinhasi\/wp-json\/wp\/v2\/posts\/19839\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/demo.munark.in\/sinhasi\/wp-json\/wp\/v2\/media\/19841"}],"wp:attachment":[{"href":"https:\/\/demo.munark.in\/sinhasi\/wp-json\/wp\/v2\/media?parent=19839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/demo.munark.in\/sinhasi\/wp-json\/wp\/v2\/categories?post=19839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/demo.munark.in\/sinhasi\/wp-json\/wp\/v2\/tags?post=19839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}