Money lessons

There are so many lessons I wish I knew about money and which anyone had told me sooner, I would drop them and I hope it helps someone with their money journey.

TRACK EXPENSES
I wish I knew I needed to track my expenses so I know if I was living above my means.I spent money as it comes, impulse buying, getting things I didn't have use for because everyone was getting it. Maybe because it wasn't my hard-earned money I didn't care as much but If I had known I am sure I would have spent wisely by tracking my expenses.

Now monthly I check my account statement and categorize my spending and earnings like things I didn't need to buy-impulse buying, and ensure I do better the next month and for items I paid for in cash I use an expense tracking app on my phone

Invest

You have to do more than just save your money, I wish I knew how to invest or what it was, sincerely I am still struggling with investing because in my head I have to earn enough first before I invest and besides when it is hard to save investment is totally out of the picture but that shouldn't be the case.

Apart from invest in other businesses, you can still invest in cryptocurrencies. There are lots of cryptocurrencies in the world and is being accepted globally.

BUDGETING AND SAVINGS

I use to tell myself I wasn't a budgeting kind of person. Hahaha, I lied to myself. Finding a way to budget is important sometimes I even set my budget down before I get the money so when it arrives I know exactly what it is going for rather than buying as I go.

Budgeting would also determine the amount that can be saved at least now you know how much is for what, so saving would be easy, not the saving you would easily run to withdraw after a few days but deliberate saving.

I also wish I knew that It was ok to say No to people most times, we don't have to impress anyone with our money because when the money is gone, there will be no one to pick us up most times except yourself

You do not know everyone's pocket financially they could be broke and just being bankrolled by someone, so no need for comparison and trying to fit in with the little you are building.

4 SIDE HUSTLE
Having multiple streams of income, because one may fail you. Let's not settle for one job or means of income, turn a hobby to cash or even try out passive means of income meaning ways to make money while you sleep.

There are so many ways to make extra income online, I have been making so much research I found some ways that I am venturing Into and how I wish I started earlier, well better late than never right!!

These points may be things we already know but if we don't Implement them now, over time you will end up seeing them like life lessons too.

Thanks for passing by ☺️