Spending and saving money


Everyone is good at spending money but are we good at saving money. No matter how much money we have, we need to have the balance of spending and saving money. 


When it comes to spending money, we should have a budget so that we know exactly as to how much money we can spend. Having a budget allows us to know whether we are underspending or overspending. Without a budget, we wouldn’t know whether we were underspending or overspending and as a result we might go into debt.

As the saying goes money can’t buy happiness and this is why you should be very careful as to where and how you spend your money even if you have a lot of money. If you have a lot of money, that doesn’t mean that you won’t go into debt and to avoid getting into debt, please track your spending and also save your money as you never know when you will need the money the most especially in an emergency.