There’s just something about that sms that says “you’ve got money in the bank” that makes me want to eat out, buy that dress I’ve been coveting or simply just splurge because I can. This hasn’t always worked out so well towards the end of the month, but I’ve always called home spinning a story for mom to hook me up. But once you start earning some of your own that story doesn’t fly anymore.
Being disciplined with money is hard, but it just needs practice. The best advice I received a few weeks ago at a workshop is to know how much you spend. I mean, I’ve always had an idea of more or less how much I spend on different things, but I’ve never actually calculated exactly how much I spend every month on groceries, airtime, eating out, shopping, transport and so on. I consider myself to be a thrifty spender but once I got down to the nitty gritty I realized that I spend on things I don’t need sometimes, and on those occasions that money could have gone towards wiser purchases.
Budgeting, something I’ve totally taken for granted makes a huge difference. Laying out your expenditure to the tee, including how much you’ll spend going out with friends, eating out, buying clothes, being spontaneous, etc are some of the things that will help you become disciplined. Practice staying within the boundaries you’ve set for yourself and once the big money starts rolling in, you won’t make the same unnecessary purchases and you can easily plan out building your empire.
On the lighter side, don’t ever go grocery shopping on an empty stomach, you’ll end up buying half the grocery store and filling the trolley with things you’ll regret, lol. Trust me…I know!