In many countries, young people are granted certain privileges and responsibilities

With the arrival of globalisation, financial decisions have become more essential from the one’s living to commercial trade between multinational enterprises. As a result, learning how to manage resources such as money is always an element of adult responsibilities. In this essay, I will outline what I consider to be the most suitable method of learning how to manage money. Firstly, a possible way would be understanding how money is spent on different categories provides a division of weekly consumption. For instance, a detailed table which includes a monthly expenditure and its breakdown may provide some useful figures for individuals to manage their saving. Indeed, with the aid of expenditure table, people could carry out a simple statistical analysis and attempt to reduce their personal expenses on certain types of goods or services. Commercially speaking, another feasible approach could be searching for a trustworthy organisation to save money. An example of this is online bank as it gives the latest details about consumers’ assets without physical limitations. In fact, it is possible to ask for advice from bankers about managing money once consumers register their accounts; therefore, the general public has started to take advantage of online banking services in recent years. Generally speaking, technology plays an important role in terms of restricting domestic expenditure. For example, smartphone could send notification to users once their expenditure is over a set value. With the development of technologies, the one seems to have a convenient way to observe and change their purchasing behaviour.