Ever wondered where your paychecks go? Have you tried reaching down inside your pockets or purse and telling yourself where the hell being able to find coins? Do you know how it feels like when you check your wallet and not finding a single cash inside and you tell yourself “how the hell did that happen”? Do you know how it feels like being broke? If you ask me, I know how it feels like. I could roll my eyes and shrug off, telling you a whole lot about it. It’s weird how you’ve done everything you could think of… tryna budget your expenses, not cashing out your paycheck unless it’s really important, writing on a notepad what you “need” to buy and leaving out what you “want” but still ending up short. For young people like me, we have this tendency in splurging out cash at the moment when we have the feels of wanting to buy something even when we don’t really need it. And that, I tell you my friend, isn’t very good.
I am sharing these 5 money rules I live by to help struggling individuals out there.
1. Be faithful in giving your tithes.
Over the years, I have proven this to be the most effective way. My parents taught me and I have completely understood what it means to return. It’s a simple way of recognizing God’s ownership of everything. No matter how small your income is, if you are religiously giving a ten percent of it, endless blessings will come your way. Don’t worry if you feel what you have is lesser after giving your tithes because you can always count on the promise that He will bless you with more than you could ever imagine. Having doubts about this? Test the Lord and see. (Malachi 3:10
2. Plan ahead.
After giving your tithes, you can start planning on what to do with your money. Listing what you really need, where and on what you have to spend the money to. This may seem a bit tougher as you are going have an inner battle with your self.
3. Stick to your budget.
“If you buy things you do not need, soon you will have to sell things you need.” –Warren Buffet
After the planning comes your budget. You may have figured out what to do you with your money. The test comes in when you are tempted to go beyond what you already have. Say, you found something that caught your attention and you want it so bad. Ask yourself first if it’s really worth buying for. Dude, cut off the unnecessary expenses!
4. Save some.
“Do not save what is left after spending, but spend what is left after saving.” -Warren buffet
Trust me, you might wanna do this. Setting aside some for your savings is a wise thing to do. If you don’t have a bank account, you can open one and start. I say it’s safe and convenient PLUS you don’t want to wind up spending of what’s left in your budget!
5. Never owe anyone money.
Even if your friend gladly offers you, hold it in. Don’t allow yourself to fall into this. This is a trap. A debt-free life is a fabulous life. You can sleep better at nights when you don’t owe anyone money.
I hope these helped! Cheers!