I always reason so how it is very hard for some people or let me say a lot of people to actually have some savings after a whole year even with all budget set at the beginning of the year and also despite having a good paying job that can fully cover for them but using a whole year and still looking like one doesn’t do any work to have a huge amount of money. I was in my room two days ago and the thought just came to my mind when i checked how much i have spent for a whole year in my record, i saw that it was a lot and actually i was proud of myself that i could spend that kind of money.
But the issue is that at the end of the year why does it feel like it is very choking and one does not work because there is no money. So i was able to figure out a whole lot after siting and checking through for hours, seeing some few observations made me realize without proper planning one would just be spending even when seeing a lot of money and at the end it will actually look like one does not earn at all because immediately you are seeing the mlmey, you are also spending it to sort different things which are not actually yours.
Now i will use some examples and then use myself later. I have a friend who work in a good company where he always get paid at the end of every month which is enough for someone to feed him or herself throughout the month and even sort other things but even with that he always complain there is no money anytime one ask him and i was confused because someone working in that good company. First he got a car and he has not actually built a house so instead of renting an apartment he believes there is money to secure him for the month.
And he pays for a lodge every week where he stays and also pays for food and laundries and this goes on for consecutively. After doing almost everything within the month there is only few amount left which is not enough for saving. To me now i am not always a type that earn as much as my friend does but i think my money management made me stand out than others because even with the little i earned i was able to having my budget every month and i was able to save some amount of money.
One does not have to be earning so much before you can be able to save and that is if you have a financial plan ahead before even getting hold of some money you will be able to do some other things. That was one of the reason why the story of my friend was easily relatable because there was no financial plan from the beginning till the end of the year.
Posted Using INLEO
