Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?
When you have a problem to keep track of your finances then I would recommend you write down any expenditure you have. Just start a new excel sheet today and write down everything you buy. After one month make a summary of all the purchases and classify them into necessary and unnecessary things. This will give you a quick overview where most of your money is going and where you can cut back on things. In case you struggling to control the money in your wallet, you need to work on your constraints. There are a few ways to make it harder for you to spend too much money. First of all leave all credit cards at home and only use cash. This way you can only spend what money you in your pockets. For that you should also set a daily budget of maybe 25 USD. Like that you force yourself to save money everyday and you can't overspend. It's hard to limit our own spending, because we are surrounded by advertising. All the companies want our money and will offer us new products 24/7.