Quote from: Spaceman1000$ on Today at 05:50:40 PM

Quote from: Marvelockg on Today at 04:16:18 PM

If we are interested in making the best use of our earnings and investments, the place of financial accountability can't be overemphasized. It is one of the major reasons why some people will have lots of money in their account this month and the next month you see them struggling with finance.

When you see a rich man who suddenly becomes poor or an average man who never grew above his current financial state, it's basically because they possibly weren't accountable for the money that was coming into their hands.

Being financially accountable entails that you delegate what your income would be used for and ensure you follow it up to the latter. It is one way that helps you plan well for your future since you can probably work on setting a particular amount out of your income that will probably go into short or long-term investment depending on what you want to achieve.

If you've not figured out how to hold yourself accountable financially, you shouldn't even think about making any real investment because it won't take time before you exhaust all the money in your hand and take your investment immediately. It involves discipline, proper planning, and the ability to stick with your plan. Big firms do it and if you take it seriously, even though your income might be little, the proceeds of the income will amaze you.

If you don't take your financial accountability seriously and want to allow everything to fall into place by chance, you will learn a hard lesson the bad way.

Money is a very powerful tool, if well managed it will spring up to something wonderful, that is why there are lay down rules and procedures to effectively use money. Budgeting is a pivotal instrument for money accountability, it gives you the pathway to spend your money either within weekly or monthly basis, every multinational company you know have a budgeting system so that they don't spend extravagantly, however they still create a space for miscellaneous, so that any expedition that comes up outside the original budget, that expedition will fall under miscellaneous.

And having money is not easy to come by these days, and we know that people need it. That's why if anyone is strategic in life, for sure he will not be hungry. And there are also many options if we know how to choose things that we can afford.

Because if not, we won't get what we want in life, for sure. It is in our hands whether our lives will be good or not, so we have to be accountable for everything.