Being vigilant about your finances is a very vivacious habit for someone who wants to grow financially.
Young people tend to be very youthful and bursting with energy such that they cannot keep themselves together, they every so often engage in activities that cost them a lot of money obliviously.
As a result, we time and again bring up excuses like the money we get is not ample for saving leave alone capitalizing. Dissimilar to this, you can actually save irrespective of the amount that you get either per day, per week, per month or per year!
I have listed 5 foremost ways that you can check on to minimize spending to allow you save, invest and grow financially.
1. IMPULSE SHOPPING
When this topic comes up every one’s mind thinks of ladies, but, today I also want to bring the men on board. You know the saying if you want to grow rich, quit expensive girlfriends by one Chris kirubi?
Men have the habit of impressing their girlfriends, which is not a crime but, as a young person who is still trying to make ends meet, you should make your choices astutely! If you want to buy something for your girl buy her what she needs and a little bit of what she wants!
You do not go to a mall and spend all your life’s saving on a less than one hour’s shopping, you can even choose to buy her a dozen of sanitary towels this month and maybe something else next month.
Ladies fashion comes and goes, so unless you really need to buy those exclusive, designer pair of heels take a U-turn the next time you face that kind of temptation.
With the social media; facebook instagram and twitter among others being the in thing, every young person does not want to be left behind in showcasing how many events they can attend per week!
Here is the thing, there are so many events in a year, so many that you can’t hear about all of them but, just because it is called an event it does not mean that you should attend it.
Learn to choose which events to attend and which ones not to, train to attend networking events, in this situation it will be like you are doing business with the event organizer, you pay them for the contacts that you are going to establish!
However, if you think face book likes and insta double tapping will help you grow financially and sponsor yourself to every event in future continue impressing the social media.
There are people who will hold parties at their houses every single weekend! Last week it was a home warming, this week barbecue, next week party for my girls.
Of course friends can be so devoted to such invitations because it won’t cost them a thing, just availing themselves to “catch up” but what remains of you and your pocket?
Holding a party every once in a long while is not bad, it is not a crime either, just do your math to see how much you spend and how much you recover after individual parties in case you are auspicious to recover!
Tembea Kenya! Wildlife Service will always advise us and Jambo jet just made boarding a plane a little bit easier that everyone does not want to be left behind!
Travelling every now and then without a concrete reason can cost you, travelling is expensive unless you are going for a business meeting that is very straightforward.
Curtail your travelling and invest the money so that at the end of the year you can have your holiday knowing that, there is still something left at the bank.
4. MEETING WITH FRIENDS AT THE NEWEST JOINTS
Of course! How will people, especially the social media fraternity acknowledge that you know there’s a new Java in town, that there’s a new java on Kimathi street just opposite KFC if you do not meet your cronies there and take snapshots of what you will be served and post on your face book timeline “this new java is not disappointing-at Java Kimathi street”?
Folks now know where you were at, so what? What you do not know is, you are practically paying to take those photos without your knowledge, let me explain; you spent the money that was at least holding your pocket to pay for that food in the name of “meeting my boys” just to take some useless photos that will scarcely get 15 likes.
BE WISE MY FRIEND AND STOP THIS DEPLORABLE SPENDING THAT YOU STRUGGLE TO AFFORD
SHARING IS CARING