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Financial management is important in our daily life because it helps us to budget our income. This helps us to plan where should our money be spent and how much of our income to be saved. This helps us understand our spending and avoid overspending. To practice financial management in our daily life we can create a budget before we spent money out. Besides, we can have debit card instead of having a credit card so that we only spend money within our ability.

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Financial management need to be practised by each individualto help us stay debt free. It is a process that involves managing money from sources of income into savings, expenses, protection and investment. I practice it by setting goals, evaluating financial status, create and carry out financial plan and review plus revise the progress using the 5 key components in the strategy which are Specific, Measurable, Attainable, Realistic, Time-bound.

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We need to have Financial Management so that we can attain our goals and continue with  our daily life. Without Financial Management we may spend more than we should and wont have enough money for the things that we really need in our daily life. I practice Financial Management in my daily life by  writing down what i spent my money on and also spending money on the things that i really need and  not the things that i want.

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Financial management is an essential aspect in our life. We often got so caught up in life that we forgot to realize how important it is. Having necessary knowledge and skills of financial management can help us to manage our money efficiently. Money matters the most to any individual, that's why having a budgeting plan is good to ensure that we don't spend more than what we have. Besides that, financial management also increase our standard of living. The more we plan, the more savings we have. Moreover, when emergency happens and we need a big amount of money in a short time, savings can help us. Furthermore, we can also use our savings to get a better education in the future. All in all, financial management is ultimately important. Without it, we could fall into a financial crisis in no time. Make it a habit in life to ensure your future.

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Financial management is essential because if you learn about it, it's going to teach you how to be efficient with your finances in such a way that you can accomplish more goals and the goals that you do have, faster.
Knowing our financial situation and managing our money is a crucial component, but that is what most in our society do. You get a paycheck once a month to pay off your debt, whether it's a student loan, bank statements, and then there are your daily expenses.  Financial literacy which is the ability to understand how money works, includes assets, liabilities, income, expenses, and most importantly, cash flow. Understanding and mastering it can go a long way. In a nutshell, Assets puts money in your pocket while liabilities take money out of your pocket. There are I most certainly implement these ideas in daily life, whether it is to budget expenses for the month or to plan for my projects. In conclusion, financial management must be educated from young it would make a world of difference for the future of a person.

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Financial management provides pathways to attain goals and guidance in financial planning. Moreover, it cuts down financial costs by ensuring proper use of funds. Financial management is crucial to help business firms make financial decisions. Last but not least, it prepares guidelines for earning maximum profits with minimum cost.
I practice financial management by analyzing my allowance to work out my daily expenses. Then, I manage my spending and plan ahead to make the most of my allowance, for instance, opening a savings account for emergency uses. Thus, having leftover cash as a result of managing cash flow. In conclusion, it is important to watch what you spend and save what you're able to.

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Financial management is one of the most important things in ensuring your life runs smoothly because it provides protection and ease the burden for us and our family when happen any emergency incident such as car accident. Besides, we can use the money for a better education in the future. In addition, we can also be free from financial worries as we have planned for the future, anticipated expenses and achieved personal goals of life. Furthermore, we are able to be more effective in obtaining, using and protecting our financial resources for life, not only for ourselves but for those we love. On the other hand, I normally practice financial management by identify and estimate my spending on everything I buy. In a nutshell, financial management is very important and we need to take action now before it’s too late.

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We need to have financial management in our daily life because it is important that it can helps us managing our income thus it can prevent us from spending more. Financial management also can helps us tracking our expenses and spending patterns which easily increase our cash flow. Furthermore, it also can increase our standard of living which when we plan our savings more, it can increase our net worth. Normally I practice financial management by planning a budget to prevent wasting money.

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I think financial management is important because it can make sure we does not uses money on things that we doesn’t need. We will only buy things that are needed and things are in the financial plan. We will be able to save money every month if we does our financial management. In this case, we will have emergency money to use if any incident occurs such as accident. We could also use the money for our future to get a better education. Other than that, we will not be short of cash and would not lend money from any insecure institution. In conclusion, everyone must have financial management as there is a lot of benefits.

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Financial management is important in our daily life. It is because of we can avoid ourselves from any trouble such as the chasing of loan shark. In this case, we can have a better future and live in harmony.
Other than that, financial management build up our personality. Well financial behaviour will be trained as we knew that earning money is not as easy as ABC. We will save the money, so that it can be use to achieve a goal in the future or when an emergency arise.