Every person has a secret wish to manage his or her personal finance in a better way so that they can save a lot of money which they are wasting only because of lack of proper management. Whether you are a millionaire or a man of limited means you need to manage you personal finance well in order to gain a better financial status. Good management of personal finance will not only help you save some money but also will help you gain some confidence about your managing capability. There are many ways to manage your personal finance better. You can save some tax by investing into some tax free investment plans. You can also cut off the inheritance tax as well as get the benefit fo stock transfer. There are a lot of ways to manage your finance in a better way. All you need to do is to be aware of the ways and apply it on your life. There are many ways to pay less tax which you can know if you do a little research on that. You can also consult a tax consultant about you personal finance and learn how to pay less tax. There are a lot of books on personal finance too. You can buy them and learn about the art of personal finance management. There are a lot of legal stores online where you can easily get these books and even the forms that will help you reduce your tax bill. To manage your personal finance well you need to understand the importance opf book keeping. You need to manage your accounts well and take into account every expenses that you make and every gain too. After that you can keep a close watch on them and see in which cases you are entitled to a deduction and where there is a possibility of deduction. When you know the things thoroughly it will be easy for you to handle you personal finance well. But if you do not have time, energy or expertise to do all that hard work you can always get a professional help. There are a lot of tax consultants who professionally manage the personal finances of the other persons and take a minimal charge for all these. If you are going to buy a home or car for the first time you can go for a loan. The loan can either be a long tern loan or a short term one. Though the long term loans sound tempting it can leave you poorer at the end as you have to pay a huge sum of money that is two or three times the amount of loan. This is a huge burden on your personal finance and you should not go for this kind of loan if you can manage paying a large amount of EMI or installment for a shorter period of time. The short term installment will be high on principal and low on interest and hence save you a lot of money. These are some of the ways to manage your personal finance.