A proper budget is the first step towards balancing your finances. Your income governs your expenses and lifestyle; it is a key determinant of what you can and can’t afford. Unfortunately, most people tend to live beyond their means. This means spending more than you earn hence getting into unnecessary debts. Some spend their last penny by the next paycheck and have no savings in case of emergencies.
I had difficulties managing my finances and I struggled with budgeting. In most cases, I spent money I did not have by using credit cards. I bought on impulse because something looked good rather than asking myself if I really needed what I was buying. I tried to discipline myself by doing what I could alone but I consistently failed since I had no accountability.
The rule of thumb is to separate your finances into 50-30-20 percent margins. 50% of your income pays for basic utilities such as rent and utility bills, 30% pays for your ‘want expenses’ such as entertainment, and the remaining 20% goes towards savings. However, this plan does not quite work for everybody.
In this book, How to Budget Properly and Make Money, I share my life experiences and journey towards financial discipline and smart investments. This book addresses:
· Proper budget planning
· Personal evaluation of your financial discipline
· Investment opportunities to exploit for more income generation
· Guide to long-term pension investments
This book is for those who struggle to make ends meet, or those who are living paycheck to paycheck, or those who cannot account for their money. It is a comprehensive guide on financial planning and sound investments both short and long-term.
To get your copy, click on this link, https://www.amazon.com/dp/B0719WNDSG. You will become more critical in your budgeting and investments and turn your financial life into something that works for you in all aspects of your life.
No comments:
Post a Comment