Be careful of Your Spending Budget

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It is another thing to work every months and after the months receive something in form of salary and before few days and weeks, the salary is finished up and then you will want to be looking ahead in expectation for another salary to.come.

Why, because most times some people are not able to discipline their spending Budget. What do I mean by spending Budget?

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Spending Budget is a particular set aside list of expenses you planned out for spending. Now it is always normal to spend but it is always dangerous when you over spend because it can put your financial capacity at risk or even been destroying.

And that's why you see some people even after working and working and at the end of the month, they don't have any money to hold on much because they are not always mindful of spending Budget.

Now another thing is that, most times, spending Budget can be a lot tricky. Tricky in the sense that there will be some spending list you will or can not even avoid in your monthly spending Budget plan but also at the same time there are some spending list you can remove out which can help you to create way and money reserve for you even after the month.

That's why we must always pay close attention to our spending Budget because it can go a long way in determining how much finance we have in reserve and how utilsed our income can be used



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8 comments
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Hello friend, it is important to have a control on our expenses, sometimes we think that we don't waste our money but without knowing how it disappears, so we must know how to prioritize our needs and leave the rest for when we have a good economic life.

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That's true. Sometimes we think we don't waste money whereas we do

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Greetings friend @mandate, this is the typical problem of some people, who firstly live simply to receive a salary, secondly spend the money before getting it and thirdly refuse to leave their supposed comfort zone.

Whether we are wage earners or business owners we must always manage our resources, to maintain financial balance, we cannot go around spending in a hurry without first accounting for our income.

See you later, my friend, have an excellent week !

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You have said it all. Thanks for your valuable comments

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good article, one of the things that leads people to not be able to cover their monthly expenses is having a low income that does not cover basic needs.

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You have said it all. Low income

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