How to spend your money wisely

[Ajebo25]

They are many people who makes money online and offline daily but fail to spend it well, this is the main reason why many people are not progressing in their business they tend to spend money on irrelevant things rather than important things and this is really bad whenever you want to spend money budget your spending so that you will track record of any money which you want to spend daily.

Irrelevant spending of money can only mean one thing, property because when you spend money on things which you don't even need you will experience loss daily, never let your income be more than your expenditure always plan ahead of spending because with that you will save money for things which you need in the future.

Also try to make more money, you can never have enough of money has when you have money you need to work more so that you will become richer and back to poverty.

 

[Ayuba Ernest]

When it comes to spending your money, it is important to be wise about it. There are a lot of ways to waste money, but there are also a lot of ways to save it. Here are a few tips on how to spend your money wisely:

1. Make a budget. This is probably the most important step in spending your money wisely. You need to know how much money you have coming in and going out. There are a lot of helpful budgeting tools out there, so find one that works for you and stick to it.

2. Invest in yourself. One of the best ways to spend your money wisely is to invest in yourself. This could mean taking a class to learn new skills, investing in your health, or anything else that will help you in the long run.

3. Save for a rainy day. It's important to have some savings set aside for unexpected expenses. This way, you won't have to put them on a credit card and end up paying interest.

4. Give back. Another great way to spend your money wisely is to give back to the community. This could be through charitable donations, volunteering, or anything else that helps make the world a better place.

5. Enjoy life. One of the most important things to remember is to enjoy life. Spending your money wisely doesn't mean depriving yourself. Make sure to spend some money on things that make you happy.

If you follow these tips, you'll be on your way to spending your money wisely. Just remember to be patient and disciplined, and you'll be well on your way to financial success.

 

[Oluwasegun purpose]

Spending your wisely is one of the best ways to be rich in life...some people find it very hard to spend money wisely they spend lavishly...if you are part of these people who don't know how to spend their money wisely then I will advice you to follow these step it will help to stop the habit of spending lavishly...you most minimize on everything you buy ,there are something in which you do not at that particular time but you will wish or wants to buy it , or there may be time when You will see your friends buying things you too we now say you want to buy them because of your friends are buying them...

Again is that you need to learn the act of saving, saving is one of the Best way to stop the act of spending lavishly,at least try to be saving 10% of your income...

With these now you can know how to spend your money wisely.....

 

[CALVINDOL]

Everyone on earth may know what money is and may know that they have to work hard in order to make money or to have money but not everyone know how to use and spend money the wise and respectful way . Many people today spend money lavishly possibly because they have it in abundance that is they are considered to be rich and wealthy thereby having a whole lot of money but that is not the case we shouldn't spend money just because we have money to spend but rather which must spend money possibly because we want to satisfy our needs and wants therefore we must endeavour to do that wisely and sensibly not extravagantly or lavishly .

To be able to spend your money wisely and not extravagantly it is 100-percent advised that we put into our minds and heart how important it is that we practice the financial education of budgeting . By definition budgeting simply means segmenting our needs and once in others of relative importance in order to satisfy those ones that are more pressing to us before going to those ones that we are more likely not to need or want . The human want and need are numerous and in order to satisfy we must use money wisely and sensibly .

 

[btaliat]

It is not a lie that it is easier to spend money than making it. But it will be a wise decision to make sure the money is spent wisely. How can money be spent wisely?



The first thing to do is to make sure there is scale of preference. No doubt, humans have unlimited wants and needs. So we need to rationalize whatever that we want to buy. This can be only done if there is a good distinction between want and needs. This will help the individuals to forgo some items for other and hereby save money.



Buying in bulk: we need to buy whatever in bulk from the middle men. Buying in units will always be at our disadvantage. This is because the retailers too will want to make some profit as well there by increase the price .





Improvisation: sometimes we just need to manage what we have. We don't need to buy to show off anymore. If there is no much cogent reason to get things, there is no need to get it. This will save us from spending lavishly.



Investment: when we save money, we don't only save money for the future, we also limit excessive spending.

 

[Augusta]

That's right it is the best to spend money wisely. it is always a waste for people that tends to spend money on irrelevant things . To spend money wisely you need to than on very important things. To spend money wisely you need to budget your spending so that you will track record of any money which you want to spend daily. To increase your money you need to stop doing
Irrelevant spending of money and don't spend money on things which you don't even need.