Sometimes, I wonder if the world can ever go back to its prosperous time when we don't have to worry about inflation. Back then, the minimum wage was manageable to feed a family of four, but currently, the world is facing an economic crisis, which means everyone has to plan and be smart when it comes to financial decisions.
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Over the past months, I have had challenges with savings because I believe in "doing what you need to do with your money and working for more."
The strategy of saving just didn't work for me because I would still spend the savings when I needed money. One thing about savings is that it has its own rules, and if you don't abide by those rules, all the money you claim you are saving will only turn into emergency funds.
After reading some books on financial literacy, I have come to realize that
If you save, your money will finish, and, if you don't save, your money will also finish.
After this realization, I decided to take the bold step of saving in the month of August. This is the first time I will be determined to save and I am ready to stick by the rules. I have been saving before, but most of the time I spend the money before the month's end, but this time around, I want to see growth in my savings, and I will stick by the rules of savings.
The month of August was a blessed month, looking back to the month, the money I earn has improved compared to previous months
A summary of funds inflow.
A chart of Expenditure.
Savings is now part of the thing I will be doing in my financial life not just in my offline life but also in my online life.
It Hive Power Up day
Have you powered up today? Well, I did mine already. Here is a picture of my Hive before it powers up.
Today, I powered up 10Hive today, this is just a start and my aim is to reach 2,000 Hive Power before the year ends. I am sure I can do it, I will also power up even before powering up day.
Little steps for this fish to become a whale. Thanks for reading.
This is my entry for the #septemberinleo prompt Day 1. If you feel interested in joining, you can check out @leogrowth or click Here to read about it on the newly published blog. Hope to see you around.
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