This month I was conscious about what I did with my money.
I made my hair once, didn't drink any soda, didn't cook much(in short, I ate most of my food in my neighbor's room), I didn't spend much on Data subscription(I found a saving grace plan on my old sim)
The total expenses for most days are so small, I thought the amount won't even be to ₦60,000.
It's shocking to find total expenses for October up to ₦100,000 plus a little extra
How did that happen? I was really careful not to overspend this month. I was being stingy with money this month
I started writing down my expenses when I read the book, your money or your life. I wanted to know where my money went, that way, I can repurpose it to useful directions.
It was September, and my expenses at the end of September showed only ₦70,000. Last month, being October, I just finished the calculation a few minutes ago, and my mind is blown.
Even with all the conscious actions I took, my expenses still skyrocketed. I sacrificed my favorite drink (Pepsi) when I found out it cost me a lot.
The story should have been different, the amount should have been lower. I didn't include the money people gifted me to buy things and I did. I thought since it didn't come from my pocket, it shouldn't matter. Imagine if I did, that would have been a lot of expenses.
Now, I am sitting here angry, why? If I had ₦100,000 and spend it, where is one-tenth of that money?. Sincerely, I am mad. The only amount I have as one-tenth is ₦2500, isn't that absurd?. At least, I should have up ₦10,000 to prove that I had ₦100,000 last month and I spent it without knowing. That one-tenth should have gone into savings, and later on investments portfolio. Now, it's not even there.
So, here is my resolution for November, every money that passes through my hands or my account must have a one-tenth to prove that it existed in the first place. I will keep one-tenth of all that I earn either through work or gifts.
I need to be sure that my expenses match the amount I have, and one-tenth is there to prove that the numbers I am seeing are not a myth.
We all need to watch where our money goes, it's important. Tomorrow, I will break everything down, I have a feeling, this month, transportation took a huge part of my money because I am seeing it everywhere on the list. I'll have to look for a way to either cut it off or reduce it this month.
However, if I find out, it's something else, then, I'll do something about that too. You should also know that maybe, birthday celebrations took a huge part of my money too. I had lots of friends and family members who were born in October and it has been one celebration after another, and I was obliged to give them presents.
I don't know for sure. Maybe, it's food, I may be thinking I didn't spend much on food when I did. It could be snacks or toiletries or anything. I will find out tomorrow.
Do you watch your spending too? Does it go up or down? Share your experience with me.