Financial planning key to managing salary and responsibilities, says economist

Economist Dr. Saleh Al-Sultan has explained the concept of financial planning and its role in enhancing spending efficiency and financial sustainability.

Speaking in an interview with Al-Ikhbariya Radio, Al-Sultan said that financial planning involves financial awareness, enabling individuals to act according to their circumstances. He stressed the importance of financial literacy and teaching it to raise awareness in this area.

Al-Sultan added that understanding one’s salary, circumstances, and responsibilities is essential for making informed decisions. This approach helps individuals adapt to changing situations, consider alternatives and spending methods, recognize strengths and weaknesses, manage loans and debts, and find ways to reduce unnecessary consumption.

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