Knowledge Is Power: How To Manage Your Money
No one, no matter how well they manage their finances, can avoid unexpected bills and debt. The best way to try and mitigate the damage that life throws at you is by knowing about them in advance so that you can figure out what to do. In this article, we'll discuss some of the ways to keep an eye on your finances. The article goes onto give a handful of suggestions on how to better manage your money . Types of Money Money can be classified in a variety of ways, but the three most common are physical currency, digital currency, and virtual currency. Physical currency is coins and paper bills that are stored in a bank account or deposited in a physical location. Digital currencies are essentially electronic versions of physical currencies that use cryptography to secure their transactions and to control the creation of new units. Virtual currencies are not backed by any government or central bank and they exist only in cyberspace. Why We Should Manage Our Own Money If you're like...