Earn 10 but spend 9, how to manage personal finances effectively?

Effective personal finance management is the question many young people asked at the Workshop 'Work smart, spend wisely'. The event attracted a large number of participants, helping young people solve challenges in earning and spending money in the digital age.

Many young people asked many questions about financial management in the Workshop "Work smart, spend wisely" on the morning of June 15, an event within the series of activities "Cashless Day 2025" taking place in the center of Ho Chi Minh City - Photo: QUANG DINH

Workshop "Work smart, spend wisely" on the morning of June 15, sharing the arising problems in making and spending money online, potential financial risks in online transactions... aiming at solutions to help users think about making money sustainably and managing spending. The workshop attracted many young people and people to participate.

This event is part of the "Cashless Day 2025" series of activities taking place in the center of Ho Chi Minh City.

Financial management is not about how much money you make.

During the exchange with the speaker within the program, a student asked a straightforward question: "I am a student who works part-time, and I earn 10% of what I earn each month and spend 9%. How can I manage my personal expenses more effectively, especially when everything feels necessary?"

Answering this question, Ms. Bui Thi Lien Huong, Head of Business Development, an expert with more than 10 years of experience in developing NAPAS's payment network, said that it is important to separate savings as soon as you receive income, instead of waiting to "save as much as you have left".

The workshop "Work smart, spend wisely" on the morning of June 15 was lively with many questions from young people because of their great interest in financial management - Photo: QUANG DINH

"As soon as you receive your salary, transfer a fixed portion into a savings account or investment channel. This will help you avoid overspending and form the habit of saving money before spending it," said Ms. Huong.

Meanwhile, content creator Ngoc Mai (Mia) shares a more disciplined way of spending money carefully, and clearly defining how much money she has to put into a savings fund each month....

Both speakers emphasized that financial management is not about how much you earn, but how much you keep, thereby creating a sustainable financial foundation in the long term, especially for young people who are new to work or freelance.

"Keep 2-3 million each month, how to make profit?"

Another student asked a practical question: "With an income of only about 2-3 million VND per month from part-time work, besides depositing it into an e-wallet, is there any way to make an effective profit?"

Answering this question, Mr. Le Hung Anh - founder and CEO of BIN Corporation said: at low income level, "making profit" financially is not the top priority. Instead, students should use that money to invest in themselves, which will bring long-term and more sustainable profits.

"The amount of 2-3 million per month is too small to generate investment profits in the traditional sense. But if you use it to buy books, learn skills, participate in thinking development courses or improve your working ability, then it is the smartest investment," Mr. Hung Anh shared.

He emphasized that young people should aim to expand their knowledge, skills and relationships in the early stages of their careers, especially during their student years.

"Instead of asking where to put this small amount of money, ask: how to use it to open up new opportunities. Career opportunities, opportunities for self-development, which will open up better income in the future," he said.

Mr. Hung Anh also pointed out: when you first start working, you like to invest in assets like cars, watches... but gradually you find that it is not really necessary. Therefore, he "advises" young people to gradually focus on investing in asset-generating portfolios such as houses, land, and stocks.

"Investing in consumption will be wasteful if we spend too much," Shark Le Hung Anh emphasized.

Mr. Tran Xuan Toan - Deputy Editor-in-Chief of Tuoi Tre Newspaper - presented souvenirs to speakers at the Workshop "Work smart, spend wisely" on the morning of June 15 - Photo: QUANG DINH

Exciting series of activities for Cashless Day 2025

Cashless Day 2025 with the theme "Cashless payment promotes digital economy " is held in the final year of implementing the project to develop cashless payment for the period 2021-2025 according to the Prime Minister's decision.

The program is organized by Tuoi Tre newspaper, Payment Department, Banking Times in coordination with Ho Chi Minh City Department of Industry and Trade, National Payment Joint Stock Company (Napas) with the support of VPBank, HDBank, Mastercard, Visa, Sacombank, Vietcombank, ACB, BIDV, Vikki, JCB, MoMo, Saigon Co.op, Vingroup Corporation - Joint Stock Company, Eximbank, Agribank, SHB , TPBank, KienlongBank, MB Bank, Vietinbank, TikTok Shop, Can Gio Island Bird's Nest, Phamarcity Pharmacy, UEL University of Economics and Law, Satra, Ho Chi Minh City Electricity Corporation, Loreal, KAFI, VIB, BVBank, UOB, LC Foods, Tefal, Phat Tai Investment and Culinary Joint Stock Company, Onelife Company Limited.

The program aims to raise social awareness, encourage people to access and use modern payment methods such as e-wallets, QR codes, contactless cards, etc., and contribute to building a sustainable cashless ecosystem in Vietnam.

One of the highlights of this year's event series is the "Ting Ting Day" festival, taking place from 7:30 a.m. on June 14 to 9 p.m. on June 15 at Nguyen Hue walking street, offering a series of experiences on payment technology, mini games, workshops on spending management, modern lifestyle...

In particular, a highly anticipated activity is the E-concert with a star-studded lineup and two large promotional programs including a nationwide promotion program and a Shopping Season promotion program in Ho Chi Minh City.

Within the framework of the program, there was also a workshop on "Cashless Payment: Driving Force for Digital Economic Growth" with the participation of nearly 300 delegates.

Back to topic

COMMUNICATION - NHAT XUAN - NGUYEN TRI

Source: https://tuoitre.vn/lam-10-tieu-het-9-lam-sao-quan-ly-tai-chinh-ca-nhan-hieu-qua-20250615110545516.htm