By managing our money wisely, we are in control of what money can do for us.  Then, we will know how much we have, how much we use or need to use so as to meet our goals and objectives.

Here are some simple tips on money management

• Determine your monthly disposable income - what you earn that can be spent.
• Find out what you spend - write down your monthly expenses.
• Use a two-list system to make a budget - income on the left. expenses on the right.
• Learn to economise - if the right column is more than the left, you'll have to review and trim your spendings (for example, choose less expensive options - taking public transport as compared to taxis, dining in hawker centres and eateries instead of post restaurants.)