Authour: Anu Asokan
Is there any money management plan for nurses?
The answer we heard is No from many countries whether its developed or developing.
Here we are before you to provide adequate information for you especially for Nurses who never ever thought about a money management plan .
So we can classify the money expenditure generally to Needs , Wants and Savings. Needs means the basic needs ofcourse Food, shelter and all.Wants means expenditure on your desires like Cars,I phone,Gift to girl friends etc.Savings obviously the amount you save for investing on money generating measures like real estate, shares,bonds and all.
The percentage of money expenditure has to be divided accordingly. For an example, the preferred percentage for someone with a good money management on Needs ,Wants and Savings could be 20:30:50.
But this cannot be followed as such for people living on highly expensive countries like UK,Australia and US. You need to forcefully spend a really massive percentage on that countries.
You have heard that right..
But don't worry...
We have divided different money management plan accordingly.
Here we classified Nurses living in Mild,Moderate and High expense countries.
For Nurses living in high expense countries ..
The money management to be followed could be
40:30:30 on Needs ,Wants and Savings respectively
For Nurses living in Moderate expense countries, the money management they should love to be
30:30:40 on Needs,Wants and Savings
And surprisingly for mild expense countries it would be highly effective if you follow
20:30:50 on Needs ,wants and Savings respectively .
Any querries we are happy to help you with that.So comment your questions and simultaneously you can contact our team in the WhatsApp Number given on the description box
