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.
    • 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.



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.

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. Access online services
  • 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. Join our Newsletter List
  • 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.