Everyone of us, at one time as fallen into that trap of excess spending. To avoid this, you need to consider the following steps that will inspire an overall plan and new habits that will guide your day-to-day decisions.

    • First and foremost, set new priorities – Budgets revolve around 3 costs: food, housing, and transportation. After you budget for these expenses, which probably will account for between half to two-thirds of your take-home pay, and factor in any debt payments, you can decide how to prioritize savings, household expenses, professional expenses and entertainment. Those flexible expenses can be scaled up and down more quickly than fixed costs like rent payments.Smarter Spending Plan
    • Harness the power of online tools – If you want to budget, you can simply use a smart phone app like Level money. On you can upload your credit card account information and get immediate insight to where your money is going. You can then use that information to start saving more money. Using these online tools, will go a long way to make it easier to manage your money.
    • Time yourself – If you have plans to buy a specific item, then you need to put in those plans earlier enough and budget for them to avoid buying on instincts.
    • Budget by the year, not just the month – Budgeting for the year helps to put in more buffer for unexpected expenses
    • Set money aside for fun expenses – Having money set aside for each of your expenses makes it easier to manage and track where the money is going. Some people overlook those small and inexpensive expenditures, only to discover late when they run of cash.
    • Consider your high and low points – Go back to the decisions you made earlier, to pinpoint your weaknesses. Also consider the good decisions you made like doing a price comparison before buying a car.
    • Take a spending diary challenge-Try to write down every single thing you spend money on for the last 1 month. Why and how it made you feel. Review the list, and see what is not supposed to be there.
    • Avoid Temptation – Avoid signing up for any promotional email that come your way. Cancel them if you have subscribed to avoid those tempting emails with shiny catalogs.
    • Reward yourself – Don’t deny yourself every material pleasure that comes your way. After hard work for your money, let it bring some pleasure. Maybe occasionally taking a meal out.
    • Share your budgeting/Spending plans – Simply share with your friends and get their feedback. Join our Newsletter List.



To achieve your long-term financial goals is a lifelong commitment.  You need to plan careful and make daily decisions in a manner that is consistent with the financial targets you have established.Financial Strategies

The following are financial goals that can help you grow your personal balance sheet and ensure your financial security.

  • Make sure you have an Emergency Fund – Anything can happen so long as you are alive. To guard against things like Temporary job loss, unexpected medical bill, you need to have an emergency fund set aside. This can be like cash set aside in a separate account for 6 months living expenses.
  • Ensure that you spend less than you earn – live within your means. Avoid high interest credit card debit.
  • Protect yourself and your family – Make sure you have the right kind of insurance protection in place for your family and wealth. Check for insurance cover that protect against big losses for a relatively low-cost.
  • Let go of negative money leads – Many people push wealth away by establishing unproductive money rules for themselves like saying that they will never be rich. Wealthy people have much more productive internal conversations with themselves about money, which in turn translate into the actions that are required to build wealth.
  • Increase learning to increase earnings – Make a life long commitment to learning to ensure you have the skills that employers want or the ability to go it alone with the launch of your own business. Join our Newsletter List.


I have read quite a number of books on wealth creation. But one thing I have come to notice is that they all point to common factors that am going to discuss here.  These rules to wealth creation are not limited to what is discussed here but they are some of the paramount factors that you need to consider if you plan to create wealth.

  • Take responsibility – You need to take responsibility of your life. Nobody else can change your situation. The circumstances that you find yourself in today are not anybody else’s fault.
  • Spend less than your earn – The little money that you can refrain from spending could go a long way in helping your financial situation get better. Like that coffee that you take out every evening. You can save a lot if you just prepare your own coffee at home.
  • Know what put money in your pocket and what removes money in your pocket –  You need more things (assets) that put money in your pocket and less of those (liabilities) that remove money from your pocket.
  • Do not borrow to consume – Do not borrow money to buy things that would take money away from you. This is like taking you some steps backward. Borrow money to buy assets that will put money in your pocket i.e. take you forward. Rules to Wealth Creation
  • Multiply your resources – Wealth creation is all about the ability to multiply resources. Start with evaluating how you use the resources called time. Do you spend more time doing things that remove money from your pocket or things that put money into your pocket?  Use your time wisely and multiply your knowledge, skills, networks and this will ultimately lead to multiplication of your financial resources.
  • Know the reason why you want to make money – Money is a tool to help you achieve the things you want in life, and it is not in itself what you really want. Identify the deeper reason why you want to become wealthy. 
  • Keep the right company – Keep the kind of company that provides an environment that is conducive to wealth creation. The people who complain about being broke all the time are not the right company for you.
  • Cash flow is the king – It reaches a point in life where your income moves from being your ability to work 9-5 everyday to your investments. Your investments will need to be generating that income to keep you going. 
  • It is not about you – Creating wealth cannot just be about you. A selfish attitude leads to small thinking. When you combine a bigger picture that includes family, community etc. you see things in a whole different perspective. 
  • It’s a process not a one-off deal – A huge a mount of money will not fall on your lap one day and sort all your problems out. You will need to get a life changing deal. The process of wealth creation is a choice not a chance. Having a vision as opposed to just focusing on survival. Action not just ideas. Empowerment not creating dependence.



It is not how much money you earn that makes you financially free but how you use the money your earn. Many people having problems with money rush to get more money. This actually is the wrong assumption. In fact when they get more money they actually get into more financial problems. Wherever you earn money the first thing you should do is to get to know how to keep the money and have the money work for you. Getting financial education on how to invest your money is paramount to your being successful with regard to money use. The following Money spending and Saving tips will help you make good informed decisions with regard to money use and saving: Money Spending and Saving Tips

  • Keep savings and checking accounts at separate banks.
  • Be patient to have that car, home, vacation etc. Save until you have enough cash to these things.
  • Have an emergency fund to guard against job loss, or any big expense that might come up.
  • Prioritize on long-term. Invest before you spend the money on short-term needs.
  • Stick to your budget. Join our Newsletter List.