Carpon
Valued Contributor
The amount you earn is one or should I say should be one of the major things that influence the kind and amount of money you will spend.
And this is what birthed the statement; your income determines your expenses. Now, it is very vital and important that one knows how to be able to make sure the amount he or she spends corresponds with his income. This has to do with curtailing a lot of expenses.
And it must be noted that the amount you earn must never be equal with the amount you spend. It is a very poor spending habit that has many negative and grievous consequences on the stability of one's financial life.
Make sure you make budgets and the total amount that goes out of your account does not exceed your income. This is one of the first ways of aligning earnings and spendings.
Make arrangements for saving and doing other beneficial things with your funds other than spending them recklessly.
And this is what birthed the statement; your income determines your expenses. Now, it is very vital and important that one knows how to be able to make sure the amount he or she spends corresponds with his income. This has to do with curtailing a lot of expenses.
And it must be noted that the amount you earn must never be equal with the amount you spend. It is a very poor spending habit that has many negative and grievous consequences on the stability of one's financial life.
Make sure you make budgets and the total amount that goes out of your account does not exceed your income. This is one of the first ways of aligning earnings and spendings.
Make arrangements for saving and doing other beneficial things with your funds other than spending them recklessly.
