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I hope you all must understand what this article entails, it's all about saving and spending money which option should we go for??
This question comes to me most times in my thoughts and i do wonder which option to go for whenever i hear stories about people who saved money but it backfired.
Let me tell you a little story..
There was a teenager who loved saving in his youths to the extent that he saved 80% of any money he gets at hand,he keep money daily for about 10 months and got around 1.5 million {$3,600} from his savings,he was so happy and went ahead to look at what he could use the money for, something came up to his mind to buy a car or an iphone 12 pro those were the things that roamed about his mind,he later concluded on buying a car but didn't think of where he would park it.
Let me cut the story short,all his savings for a while 10 months was spent within a twinkle of an eye,he didn't even think of investing the money in something tangible rather he allowed his thoughts take over him.
We should always try to save some money,set a plan which we would put in mind to achieve,we shouldn't also allow our thoughts overcome us rather we should think of things to invest or venture into that would get us some profit.
Many people wonder if our spending habit has a difference or it's the income that matters.if i may say it's not the income that matters, it's our spending habit that would need to make a difference.
To illustrate this,I have a story to tell you, it's a true life story of two teens who grew up with thier parents and brought up the same way.
Mary and peculiar were brought up in a good way by their parents and the parents taught them how to spend,save and make plans for a better life.
Their mother taught them to spend at least 10% of anything they get,Mary adhere to saving and spending less with whatever she got and even started baby sitting at a younger age to get some money and save.
On the other hand peculiar saved but was spending more,she used to attend parties with her friends and didn't have friends who knew how to save,they only knew how to spend whatever they have at hand which led her to spending more and even taking from her savings.
She could only save {$3,000} from working there,Jane later worked in the same company with her sister and was able to acquire {$16,000}.
What did i want to deprive from the story,we need to have friends who know how to save not friends who want to go to club and know how to spend only without giving you advices on how to save and make long time investment.
That's all for today,I hope y'all learnt a thing or two from the topic, let's try to spend less and save more.
7 days countdown to Christmas,I hope you all are making plans to make this Christmas season a wonderful one, let's not try to spend too much money just to oppress our friends rather we should buy what we can afford and save also.merry Christmas in advance ⛄🎄
Today is promising to be a wonderful day for me since the sky is smiling at me that there wouldn't be any stress for me today, I've been doing many works today ranging from cleaning the house since it's weekend.
Hope y'all are doing the clearings and doing some environmental sanitation on your end to keep your surrounding safe.
Let me leave you all with my song for today, it's a song from juice wrld,he is one of my favorite artist like y'all know,this is one of the song i love.
Be sure to check out my sponsors,they are the ones giving me the courage to move on.
Thanks for reading.
When it comes to money, there's actually a budgeting rule that helps us to manage our money effectively and it's called the 50/30/20 rule. It simply means whatever money we get, we set aside 50% of it for our basic needs, 30% for our wants and then save the remaining 20%