Don’t buy anything impulsively. Step and reflect whether one really needs it or it is just one of the things that one fancifully desires.
Keep aside a certain amount for unselfish purposes, for good of humanity and even better, for divine purposes.
2. How can you avoid being exploited by people around you in terms of money?
One should give away money in an unthinking manner. The context and purpose and the person should be considered carefully before giving. However once given one should be inwardly ready that it may not be returned. Charging interest on money that is lent is never a good idea. Best is neither to ask nor lend money. When given then it is best to forget about it.
3. What steps should you take to manage your finances better, especially when you receive a substantial amount but have nothing left by the end of the month?
Nothing left at the end of the month could be either due to over spending or generous giving. Over spending is never a good thing and generous giving when done blindly is not helpful either to the giver or to the receiver.
Money needs a careful conscious handling.
Affectionately,
Alok Da
