By: Saul Kalivubha
Worth Noting:
- Self-discipline in the use of money is built with the main goal you have for tomorrow, then you will be spending money remembering tomorrow, so you will be reminding yourself every time before spending that it is not safe according to your income and you will be disciplined all the time, you must be disciplined or not disciplined otherwise accept losing the main goal of tomorrow and another good way is to divide your money by day, you will find out how many shillings you earn every day and then check your spending every day is in line with your daily income?
- To begin with, you will adjust yourself in spending and you will respect the correct use of money.
Self-discipline in the use of money is built with the main goal you have for tomorrow, then you will be spending money remembering tomorrow, so you will be reminding yourself every time before spending that it is not safe according to your income and you will be disciplined all the time, you must be disciplined or not disciplined otherwise accept losing the main goal of tomorrow and another good way is to divide your money by day, you will find out how many shillings you earn every day and then check your spending every day is in line with your daily income? To begin with, you will adjust yourself in spending and you will respect the correct use of money.
The use of money is still a challenge for many people and as a result they find themselves in a constant lack of money and this is not only for employee even those who are self-employed in their personal affairs still find themselves in a difficult period of lacking money not because it was not there but becauset it was used without considering the proper use from the income. If you get some quiet time and reflect on yourself you will realize that when you have money, your spending is high and it decreases as money decreases, that is in simple language, your spending discipline increases as you run out of money.
Money is an emotional force where if you don’t control it, it will control you by itself by giving you many decisions and then you will be restless, a situation that will make you lose the discipline of spending, that’s why when the salary comes in, you may find yourself making purchases without looking at the size of the cost because you know the money is there, but if you start hearing that your pocket is empty, you will pay attention of consumption, for example, you were paid five hundred thousand in the beginning and when it reached your pocket, you have one hundred thousand left, then you will start calculating that one hundred thousand to see if it will reach you for the next month, why didn’t you think like that since you had five hundred thousand?
Money discipline is to respect your income first and secondly is to respect the correct spending within your income if you planned to buy something for one hundred shillings it will be right according to your income then do it but you bought it for two hundred shillings know that you have eaten with a certain day’s money so prepare yourself that day if you don’t have money, otherwise if it’s an emergency, use it, but if it’s not an emergency, you should control yourself against spending money only when you get it, the challenge of money is that if you spend a small amount of money it’s normal, but at the end of the day, if you add it up, you’ll find that if you saved it, you’d be far away financially so if you start discipline and respect your spending that should be within your income you will be at a good level of saving.
Self-discipline in the use of money is built with the main goal you have for tomorrow, then you will be spending money remembering tomorrow, so you will be reminding yourself every time before spending that it is not safe according to your income and you will be disciplined all the time, you must be disciplined or not disciplined otherwise accept losing the main goal of tomorrow and another good way is to divide your money by day, you will find out how many shillings you earn every day and then check your spending every day is in line with your daily income? To begin with, you will adjust yourself in spending and you will respect the correct use of money.
If you have a lot of money, it will blind you to believe that you can’t run out of it, so you will do every expenditure that comes to your mind and that is the beginning of spending money carelessly until later, if it decreases, it will blind you to see that there is a risk of lack of money because the money you have is not enough to get you to another season of money. There is a lot of power that you need to have in order to control the feelings of money.
Knowing what you want is also one of the good building blocks of money discipline because you will prevent yourself from spending which is not basic for you and is not within your budget for your income and the type of trip you have, not knowing what you want will lead you to wrong spending for because whatever you see is interesting you will want to buy it. Money should not drive you, but you should organize your tasks and if you feel overwhelmed, then try not to walk around with a lot of money in your pocket. This is also a good way to manage money because you cannot make random purchases, we make random purchases because we have money or the ease of getting it. Don’t be reminded of problems, but remind yourself that there will be a day when challenges will arise and you will need money, and don’t wait for problems to reach you and see the importance of saving beforehand.
Another good way that will make you have money discipline at all times is to reduce unnecessary spending and create a system to buy wholesale rather than retail items and also manage the main goal for the season, for example every year have a main goal to do this in any way you will pinch yourself and keep the money to achieve that goal, because if you use money carelessly, then be ready to lose that goal
Scientist Saul Kalivubha
Mary Karau Ngethe