“Feed the body that works the money” was a common expression in Leo’s locality. When he landed a job, he understood that whenever he worked, he needed to reward himself, which meant gratifying every desire. After receiving his salary on his payday, Leo felt like a king and bought everything he came across. In Leo’s house, you’ll find things that do not have a purpose. He gets shoes on his way home, and when he is finally at home, he no longer likes the shoe. He buys house furniture over and over again, gets clothes that do not even fit him. Leo spends as he desires. After some time, he realizes that he literally has nothing left before the end of each month. He learns about savings and investment from an article online and realizes that he has zero investments and zero savings.
Leo falls sick and has some time to himself at home. He does a thorough cleanup and realizes that he has a lot of stuff in his house with no purpose. He decides to stop buying a lot of stuff. His illness persists, and Leo losses his job with no savings, no investment, and nothing to show for his past working years.
The thing about “little” expenses is that they often have understandable justifications, like “If I no buyam today, I noco ever seeam again” or “if I just use this little amount it will not kill me”. We justify our decisions but do not look at the repercussions.
Your case may be different from Leo’s. It might be just a lollipop or chocolate that fits into your expense. Think of an opportunity where you need to make a passport and travel out of the country immediately. It could be a great opportunity that you cannot afford just because you have wasted your resources. Worst still, you cannot even apply for a passport because you’ve spent carelessly on things you cannot even account for with no savings and no investments.
The best way to walk out of these things you consider little is to learn how to budget, make it a habit and stick to it. Remember, a small leak will sink a great ship.
Photo by Darius Bashar on Unsplash
This is really great
I love how relatable this is.
Often time we sink our own ship without realizing it. But if we cut those increase wants then we will build a stable financial foundation
Your number of material wants are inversely proportional to your level of possession. When your wants are much, your financial possessions will be less.
This is fantastic
Savings is a good thing but do not kill yourself by yourself because your want to save.some people go a long way to abstain themselves from food in the name of saving.Be very careful not to sacrifice your health because of savings.I appreciate your advice.