The common struggle among many people is financial stability. Money is not enough to meet the budget. Day in and day out, the struggle is real, trying to balance, but a lot of people are facing the challenges of balancing up.
Causes
Should we say the money is not enough or it's because of poor management?
I realised that human needs are endless, no matter the amount of money you are earning, you will always lack something that you intend to buy.
What I discovered is that you must budget for everything that is obvious. Things like rentals, school fees, funeral policy, and medical policy. These are the areas where many people go wrong. We just live and wish for a miracle.
Now schools will resume soon in my country. Some parents and guidance should have been preparing ahead of the resumption, but some will be waiting for the resumption week before they will run up and down to pay their children's school fees.
If the fee for your child is $200, why not start budgeting fewer months before it's needed? Some schools accept installment payments. Enroll your kids in that kind of school, pay half payment at a time and then balance later. This will make it easier than looking for the full amount at the same time.
You can't start looking for rentals when it is due. You have known about this obligation since the first of the month. You had 30 days to sort it out, so why are you stranded?
What I have noticed is that people are so ignorant. The same person who is struggling to pay rent today, previous days, was busy eating pizza , chicken or drinking the most expensive whisky in the name of "I need to spoil the body that works for this money" We should never mislead ourselves.
The reason why most Africans pray for miracles is because we will seek a remedy to correct our mistakes. You can't correct your mistakes by a miracle.
The reason why most people are broke is just because we don't budget and respect the budget.
If you work by the principle of ' never spend the money that you have not yet received, and never spend more than you earn, don't buy something more than what you have, rather budget and save, then only buy when you have enough. The above principle will help you to manage your finances.
There is nothing wrong with waiting. Lastly, don't borrow money for personal consumption. It's always tough to cover up the gap of borrowing. If you are not careful, you will leave this earth owing people trying to pay off.
The most difficult thing is knowing that you owe someone and receiving calls of demand.
Manage your finances, and life will be sweet.
