Namaste!
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One thing that's very important in a human's life is money and this is because of its purchasing power. Without money, so many things will be left undone as most of us will do as humans or let me even say, most of our daily activities involve money. So, money is a factor that cannot be denied in our day to day activities.
Having talked so much about money, I would like to delve into the subject matter of the topic properly.
The topic which is all about, “ how do you manage your income?” It is a broad topic and maybe this is because of its financial perspective.
One thing that I can see about my income is that, recently, I have been able to balance my income with my expenditure unlike before when my expenditure was more than my income. In those days, when my expenditure was more than my income, I was always running into debt as there's no way my income would be able to cover my expenses.
However, in recent times, after a whole lot of losses and debt, I have been able to find a solution to my reckless spending and that's through budgeting. Now the way I manage my income is through budgeting. Before I earn my salary, one thing I do is to map out how I spend a dime from my expected income and this I do by listing things I need in the other priority.
Now, I have nothing to do with my wants again, but with my needs and these my needs are always listed accordingly and whenever I realize I'm not in need of something, I take it out of my plans and go for the needed things.
I have been doing this recently and I can boldly tell you that I'm no longer that wanted debtor, not only that, I have also been able to save more money to my purse and I'm living well with projects in view.
In conclusion, to manage our income is of utmost importance that spending it recklessly, aside that, we must also know that our expenditure must not in any way surpass our income.
This is my entry to the: @indiaunited/indiaunited-new-contest-and-last-e56ac4e00f99a
Thanks for reading.
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