Spend less, save more.
Hello Hivers, welcome back to my blog.
The value of saving cannot be overemphasized. Every now and then, we are told that one of the smartest ways of getting financial independence is when we save. So many of us have tried to use whatever method that we find convenient to help us save. Whether by using a piggy bank, or by setting automatic savings or by saving your #hbd, all is just to ensure that we secure our finances which is a very good step.
However, you can also look at the side of spending less too. When you spend less, you realize that you save more and you can invest more too. I also want to add that spending less takes a lot of determination and discipline. You have really hold yourself to be able to spend less because if you are someone that loves the luxurious lifestyle, it may be a little bit difficult to achieve this goal. But then it is not an impossible task.
Spending less involves cutting down every lifestyle that makes you spend unnecessarily such as buying things that you don't need. Before now, I use to spend my money on Shawarma almost every day. I realized that every week, i was spending almost 40% of my salary on just Shawarma. What I started doing was to prepare mine at home. I realized that this was cheaper for me and safer too as I was in charge of what was going into my stomach. This is the case of so many people too because a good number of people especially single men loves to eat outside every single day. This habit makes them spend more. My neighbour use to fall in this category until I finally decided to start cooking for him for a token. Every two weeks, he will tell me what he wants to eat and will pay me for my services. Soon he noticed that he had started saving more because he stopped eating outside.
Another lifestyle is shopping too much. I saw a post sometime last year and the author (I cannot remember exactly) was talking about trying of shop more on discounted items. Truly, this helps you save more. Why buy something for $10 when you can buy for $5 on a discount. This is a new trick that I learnt and it has been working for me. I have a lady that sells beautiful clothes and every time and then, she does her discount sales which I try to catch that up. A lot of my clothes are bought through her sales which also has helped me save some penny.
Lastly, try to always spend within your means of income. If you earn $100 please don't spend more than that $100 that you earn. My mum will say that if you don't buy a particular thing, you will not die and that's true. Once you understand this, it will be easy for you to spend less and save more.
Thank you for reading
Posted Using LeoFinance Beta
https://twitter.com/904656441772007424/status/1636242228099047426
The rewards earned on this comment will go directly to the people( @joydukeson ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
It is nice that you can help an acquaintance and make a little money.
Anything legitimate to make money is the goal
I'd like to know who decides what is legitimate.
A person can not be in business and have no integrity. Their business would not last long.
This question is quite tricky but I will try to answer from my own understanding. I believe everyone has a conscience that guides him or her. It is your conscience that tells you what us good or bad. So permit me to say "your conscience "
I agree with your opinion here. I have seen people who hike their prices. Once people find out that you are duping them of their hard earned money, that's the last time you will see them in your shop.
It´s just a matter of one disciplining himself or herself when it comes to saving and spending less. We need to always apply wisdom when it has to do with money because we want to work our way up to being financially stable and this is one of the ways to do that. Spend less while you save more.
Posted Using LeoFinance Beta
Financial stability is the goal. I hope we get to where we want to be financially.