Quote from: DubemIfedigbo001 on July 26, 2025, 08:38:02 PM

Budgeting is good, when you budget well, you would utilize funds accurately. The mistake most people make is allowing funds to come before budgeting. You should have your budget ready before welcoming funds so you can spend wisely or even if funds are available, before you start spending any dime from it, budget well so you can utilize it more efficiently. When you pen down your expenses, you eliminate possibilities of oversight and attend to every need while relegating some wants on your scale of preference to future income.

We cannot live with waiting until the money comes in so we can start thinking about it to manage our money well. I also realize that there are a lot of individuals who are not sure where they spend their money though in the first place they did not come up with a plan at all. When you initiate a budget even before you have gotten funds, you will not only be managing your money but also save yourself going to waste the money in the end. It is not boring to record expenses but it is the most effective method of finding out habits that you may not even realize that you have. It is possible to have peace since we can rest in the fact that our money is spent in a way that reflects on exactly what we need not necessarily what we want. Budget is not oppressive, and instead, it is a shield that will help you not to go down the wrong path.

Quote from: Y3shot on Today at 08:34:25 PM

When people don't have value for money, they spend it just the way they want, not even having an understanding of what they are spending money on and whether it is important. When one has a good value for money, they will always channel their money toward things that are meaningful and valuable.

People who understand the value of money will always spend on things that will generate more money for them or on things they really need, and they do not spend money without budgeting to avoid spending more money that is not planned for.

When a person realizes what money is worth, he will not spend it baselessly. I believe that most of the people lose their way not because they do not have sufficient amounts of money, but because they are not accustomed to putting boundaries and targets on their purchases. It is even possible to start in a small way: to mark, to make lists and then to make decisions on what is important. You can never have enough money no matter how much of a time you spend it unplannedly. Every one of us requires control and conscious use of money is the control. The satisfaction gained when a person uses his or her money in order to achieve something significant is overwhelming as far as gratification is concerned.