If you’re always running out of cash, it’s time you got financially savvy. By facing up to poor spending habits, and setting yourself a budget you’ll find that not only does your money go further but you may even have some left over. Here’s why you’re broke – and how to keep costs down.

You don’t follow a budget
A 2013 Gallup poll found that more than a third of Brits don’t follow a household budget. Every month, adding up all your income (after tax) then subtracting how much you spend is a good starting point. Apps such as Spending Tracker, Good budget, Wallet and Spendbook will help you minimize the amount you spend. The key is to set a realistic budget you can stick to.

You don’t draw out a set amount of cash each week
In an age of cashless shopping and contactless shopping it’s easy to overspend because no ‘real’ money is exchanging hands. One way to curb this is to draw out a set amount for the week and try not to use your cards – this way you’ll become aware of exactly how much you’re spending and where you can save.

You pay to get to work when you could walk or cycle
If you drive or use public transport to get to work when you could cycle or even walk you’re not only losing money, you’re missing a perfect opportunity to get fit. If the journey is too far, consider car-sharing to save fuel and money. Know that little extra money you spend every day on transport can be a lot of money at the end of the month.
You shop online too much
The internet is a fantastic place for finding bargains but we can all have too much of a good thing. Being able to buy something with a few clicks rather than cold hard cash makes it more difficult to keep an eye on the amount of money you are spending, and you’re more susceptible to fake reviews, counterfeit goods, hidden costs, or fraud and identity theft. Limit your shopping online and then only use sites you trust.
You’re paying too much for your phone
Find a plan to match your real usage – it could be that you’ve outgrown your current plan or you don’t use your phone much but your tariff plan is still the same. Check out the best tariff plans on MTN, Glo, Etisalat, airtel and choose the one that best suits your usage.Also use free messaging apps such as WhatsApp, IMO. etc or you can also reduce the amount you spend on calls by using Skype or Google Voice to make calls.
You spend too much on luxuries
Yes, you deserve to eat out, take trips and taxis, and buy clothes, electronics and music but be aware of how much life’s little luxuries add up. Have a monthly budget for treats and adhere strictly to it. The likes of Shoprite, Mr. Price, etc are good places to go to for discounts and offers (though watch the small print) and Uber is cheaper than licensed cabs - though not as cheap as the bus.

Source: http://www.fullgist.com.ng/2016/05/follow-these-6-simple-steps-and-youll.html

Op Money is meant to be spent.

Spend it and make more.. As far u no dull for d hustle, u can never be broke.


For me sha oo, I no know of u oo.


#Hustlerlomo#

Op na 4 heaven u wan go spend ur own mony

donkilidon:
Op na 4 heaven u wan go spend ur own mony

Anyway, diff strokes for diff folks. U know some people will still be spending without any means for replenishing d money spent.

callydon:


Anyway, diff strokes for diff folks. U know some people will still be spending without any means for replenishing d money spent.

Quite true brother......

Very very true