Blocking your FInancial Holes
If you have been spending time on the internet, you will see that every advert targeted to you is aimed at making you spend. You shouldn't be angry about this, the media companies are being paid to advertise for the sale companies, so they just have to do their jobs.
With this said, you do not have to blame targeted adverts for your overspending or being broke, you just have to leave that financial hole and start a life which is properly planned. Either you make $1000 or $10000 a month, the most important thing to do in order to keep your finance going is to have a budget.
Budgeting 101
Setting priorities right and doing what is needed first instead of doing what is wanted. With budgeting, you align the need, the wants and the impulse purchase, against your income. You should understand that investing and savings fall under needs, food, shelter, and clothing, also fall in this category. The rest is yours to arrange, but ensure that you do the right thing.
Not Leaving a hole in your budget
When it comes to budgeting, you are not required to misplace a need for a want or get your priority missing. Doing any of this is allowing a leak in your budgeting.
Your fortune is a calculation of how much you get from paycheck, investments, and other forms of interest from savings, minus expenses. When inflow is higher than outflow, you can say that there is no hole in your budget provided you are able to prioritize spending. Your income doesn't matter. You can earn $500 and have a better financial stand to a person who get $5000 as income. All falls back to financial budgeting.
You are financially where you are as a result of your budget, based on income and expenses. Keep this at heart all time
Your post was upvoted and resteemed on @crypto.defrag
A lot of people lack adequate budgeting and this is working against them. Proper budgeting helps in healthy financial state
Hi dear friend @gbenga
it is true that we can earn less but with intelligence we can make a difference if we make the right planning.
god bless you
Thank you friend and bless you too.
@tipu curate
Upvoted 👌 (Mana: 5/6) Get profit votes with @tipU :)
This is very true, it is never about how much is made, but it is more about using proper financial strategy to manage the funds received. I know of very average salary income earners who have a house of their own and crypto traders who make twice more than these salary earners but cannot even boast of a plot of land.
Very true, proper financial management is the best tool to use all the time.
True and many people miss this fact. Proper management is equally important as a good income.
Very correct buddy, thanks for reading.