To manage expenses effectively, an individual should: (1) ensure expenses do not exceed income, (2) adjust the budget when close to overspending, (3) reduce costs by taking lunch instead of eating out, and (4) evaluate the necessity of luxuries like cell phones, cable TV, and designer clothes.

Authors

• Person: Not available Organization: Bethune-Cookman University
  Personal Finance and Debt Management

Sources

• Personal Finance and Debt Management www.cookman.edu Bethune-Cookman University via serper

Referenced by nodes (3)

• income concept
• expenses concept
• mobile phones concept