"If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed." Edmund Burke
We may be unable to control many things in life, but what we can control is our spending. We can dictate where our money goes and how much we save (and invest). If we do not do this, we risk not knowing "where" our money went, and we risk not meeting our financial obligations.
One of the problems facing many consumers is not budgeting (and if we do, we do not do it well) and saving. This can lead to acquiring unnecessary debt, further putting oneself in financial harm's way.
Learn How to Create and Stick to a Budget and Cut Out Unnecessary Expenditures
It may be tempting to buy a R35 (approx. $2,63) cappuccino on a cold Johannesburg morning, but layer on warm clothing instead. A warm scarf, a beanie, and a pair of gloves will keep you warmer for longer. And at a lower cost in the long run.
Skip the cappuccino; layer up instead.
What are some of the ways you're commanding your money? Do you think you are not doing a good job of managing your money– how can you improve? Let me know in the comments section below!
No comments: