Where does all our money go to?
Before I started making use of budgeting app which helps me keep track of my spending, I was always confused and worried about how I spent my money and after so much thinking about where my money goes, it would be hard to remember most of what I have bought and it makes me ask how I have spent my money?
If you do not know where your money goes, automatically, you could end up running low and most importantly, strain your relationship with being financially stable. Even if your finances are in a good shape or level, it is still necessary to check where your money goes because priorities can change and debt could even sneak in unnoticed.
Some ways you can do this is to use a spending journal or budgeting app to stay on budget, minimize your spending, save more which is most crucial, and be focused and dedicated to maintaining your financial goals and making sure you are on track.
My budgeting app is one of the sure way to help me stay on track and remind me of the way I spend, and if there is anything I need to adjust next time, I don't hesitate to do that because I always remember my financial goals and for me not to be unstable financially, the app has been my saviour always. It is my own to take responsibility for budgeting things I need and then recording them in the app for monitoring.
Just imagine that you know where you spend your average monthly grocery down to the last cent, and also you have all data recorded and arranged to keep you informed of your financial decisions, it will be easier to buy your dream house, or car, pay for that professional course, pay off your debt and for the important one, max out your retirement savings.
If you must know where your money goes, there is a need to know your priorities. When you make a decision about what is so important to you, and commit to it realistically, you might just wake up one day and realize you have saved up beyond your savings goal without knowing it.
Just as I have always said in my previous posts, there is a need to master your budgeting skill because it is by this would you be able to keep track of and monitor where your money goes to.
Thanks for your time on my blog.
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Indeed my dear, we need to monitor our spendings and make sure all are within budget, money has a strong power that pushes you spend at all times and that is why we need to be cautious when it comes to where our money goes...
Budgeting is key to sustainance
Exactly, you are right. We need to be cautious as to how we spend our money and this is where budgeting comes into play. With budgeting, it will help us achieve our goals easily. Thanks for your time reading.
Indeed you are on my love,good job lol
Thank you 😋
Ywlc 😎😎
Budgeting app for where? Me that I just spend my money! 😂 when it’s not that someone gave it to me!
Don’t advice me to use any budgeting app ooo. I would spend my money as I like. If it finish na me go suffer am and if it no finish na me go continue to enjoy am…
Alright then.
Knowing where your money comes from and where it goes is the first step in efficiently improving one's financial lifestyle.
One will be able to strategize accordingly and make plans tailored for their financial stability and growth.
One small 100k like this, e don blow. How nau???😂
Hahaha. At least 100k na money but one has to be careful as to how he or she spends it because if you aren´t careful, you might be surprised how it flies away so quickly.
These days, money has big wings.
🤣🤣🤣 Money is a spirit sef. We have to be careful.
Ninu rogbidiyan yi, careful and wise ni o
😃😃
Oww budgeting 101, me too I found hard to trace my personal expenses, one reason is that I am compulsive buyer (most of the time), haha. But yeah I might need to have some apps too to trace my budget atleast, i might add this to my new year resolution haha.
You definitely should find an app to help you budget and keep to track because even as a compulsive buyer, it will be difficult to save.
Hmm, sometimes I try to keep track of my spending and always end up feeling bad when I see the expenses skyrocket, no matter how hard I try to keep it in check, the prices of things doesn't make it any easier.
What is the name of the budget app you use by the way?
Yes, the inflation has made things difficult but we can always find a way to cut some expenses, especially ones we do not need at that moment while we attend to the most urgent ones. The app is called Money Manager. You can get it on playstore.
Ok, thank you sis.
You are welcome.
Yay! 🤗
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You are right. Keeping track and knowing exactly where to put your money is very important. That way, you know what's frivolous and what is of much importance. Well done.
Absolutely right.
Thank you 😊
We didn't know where how our money went to because of the bad economy. I cashed 25k yesterday and I was left with #500
I love your advise , we should set a priority , this has helped me.
Thank your this wonderful article,you are amazing
The economy has worsen many things and we don't have a choice na but to set our priorities so that we won't be left dejected. I'm glad the post helps too.
Thanks for showing up here.
You welcome dear