It's been ages. Hello everyone how have you all been? I am so sorry for the long silence. It's been a very busy one though. A happy new month to you all.
Recently I went to a store with a list in my hands usually this is what I do. I make a list of all the things I want to purchase with a budget before making any purchase. This has really helped me a great deal and also my finance.
The fastest way to be in abject poverty is to purchase things because others are purchasing when you don't need them. The same thing happens to your goals. It is important we set goals either daily, weekly, monthly or yearly with dates. If you are one who set goals without a date, this means there is no challenge and it might take forever to get it done.
The way we handle our finances says a lot about you. If you mismanage your funds because it is just some hundreds of naira you would do the same when it is in millions. Always remember as an entrepreneur you don't eat into your capital but you keep investing.
Here are 4 simple financial tips for you.
1. Spend less than you earn: As simple as this sounds it is so difficult to struggle for so many people. The reason while so many people run into debts is simply that they spend more than they earn. Don't buy things because others are buying or because others have it. Buy things because you really need them and they are in line with your budget.
2. Stick to a budget: If you stick to a budget it makes your job easier, you don't have to buy anything on impulse. It guides your spending.
3. Have a saving plan: No matter how small you earn, have a minimum % of your earnings set aside for yourself before you start paying bills.
4. Invest: I am sure you must have heard this before, having multiple streams of income is better than having just a means of income.
Remember it's not about having lots of money but knowing how to manage it.
Have a Fruitful day.
Me, Myself and I
Linda.❤
Ps: please subscribe and get notified once there is a new blog post and please comment because I would really, really, really love to hear from you.
Recently I went to a store with a list in my hands usually this is what I do. I make a list of all the things I want to purchase with a budget before making any purchase. This has really helped me a great deal and also my finance.
The fastest way to be in abject poverty is to purchase things because others are purchasing when you don't need them. The same thing happens to your goals. It is important we set goals either daily, weekly, monthly or yearly with dates. If you are one who set goals without a date, this means there is no challenge and it might take forever to get it done.
The way we handle our finances says a lot about you. If you mismanage your funds because it is just some hundreds of naira you would do the same when it is in millions. Always remember as an entrepreneur you don't eat into your capital but you keep investing.
Here are 4 simple financial tips for you.
1. Spend less than you earn: As simple as this sounds it is so difficult to struggle for so many people. The reason while so many people run into debts is simply that they spend more than they earn. Don't buy things because others are buying or because others have it. Buy things because you really need them and they are in line with your budget.
2. Stick to a budget: If you stick to a budget it makes your job easier, you don't have to buy anything on impulse. It guides your spending.
3. Have a saving plan: No matter how small you earn, have a minimum % of your earnings set aside for yourself before you start paying bills.
4. Invest: I am sure you must have heard this before, having multiple streams of income is better than having just a means of income.
Remember it's not about having lots of money but knowing how to manage it.
Have a Fruitful day.
Me, Myself and I
Linda.❤
Ps: please subscribe and get notified once there is a new blog post and please comment because I would really, really, really love to hear from you.
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