Eureka! I have found a way to multiple my money

I am wondering if there are still people who track their spending in this age and time. Maybe, you are one of them, or maybe not. You should. It's important. It's as important as the apple that keeps the doctor away. Tracking your spending and expenses keeps impulsive spending away. This time, there is a bonus, you get to use the extra coins and multiply them.

Money multiplies

Yes. Multiply. It's guaranteed. There is a time I remember I use to spend and spend and spend. Roughly, I knew I spend more than I earned. The funniest thing is that I always find a way to clear my debts the moment they appear. I thought I was doing well. I wasn't. I had nothing to show for all my earnings.

I am always able to clear up up my debts, and nothing left for me. No savings. Nothing. I end up with a few cents which I impulsively go to the superstore and purchase my favorite snacks, and I start from scratch the next week, months, and days. The cycle repeats every month.

At the beginning of this month everything changed. I read a fiance book and I found out I was selling off all of my life energies every time money leaves my pocket. And that meant I will have to work extra days to cover them up.

For instance, if I go out and impulsively buy an outfit worth $120 and I am earning $280 weekly. I have spend almost half of my earnings which isn't the problem.

The problem is if I divide $280 by 7 days, I get 40. This means everyday I earn $40 dollar everyday and if I spend $120 on an outfit I may not necessary wear often, I have to work an extra 3 days to cover it up. This isn't fair at all. if I continue at this rate I will work my entire life just for expenses that wasn't important at all.

This was how I started to keep track of my expenses at the beginning of this month. I must tell you the journey has been worth it. I consciously know where my money went and I think everything through before spending. This doesn't mean I stop doing the things I loved, I just know how to channel my resources to the right places at the right time.

This why when I saw @codingdefined write about his experience with tracking his expenses on this post, Tracking Expenses Saved Me Money I was drawn to it.

I wanted to know if everything I experienced happened to me and no one else. It turns out everyone is facing the same financial constraints if they are tracking any of their financial pursuits.

I am mostly proud to share this part of his testimony with you.

The drawback of my negligence is that I had done more expense than the savings. But from this year onwards I have been tracking my investment very religiously and thus I can proudly say that I know where my money is flowing. This I think is very much needed for financial stability because you know very much about the inflow and the outflow and thus you can control every thing if you ever wanted.

Note that you can control anything as long you are tracking your finances. And this is what he realized once he decided to listen to his dad and took his financial life seriously.

If anyone keep up this habit, they will see that there will always have left over money lying around waiting to be used as a potential investment. You can save more towards that investment plans. You can save towards that house. You can save towards that travel experience. You can save towards everything. The first thing you have to do is keep records and track them.

He said he had encounter with tracking his expenses with apps, but didn't work out. So, he wrote them down, manually. When I wanted to start my expenses journey, I read the process up and the internet had the app recommendations but I decided to go for the manual format. I have my exercise book and I pen everything down before going to bed. By the end of the month, I'll know what to adjust and I am sure I will no longer be left with pennies because I will make it a necessity to pay myself first before anyone else.

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