For many people, financial struggles are due to not bringing in enough money.  For many others, it comes from not wisely spending the money that they have.

We are going to look at ways to better handle the money you earn, in order to reach your financial goals.

Track your Finances

Before you can figure out how you can spend your money, you need to know where it is all going.  Make a budget and track both your income and expenses.  Once you know where your money is going you can look for opportunities where it can be better spent.

Spending habits

Many purchases are impulse buys of things you don’t really need. Before you buy something ask yourself: “How long is it going to last?  Is it going to put me into debit that I don’t need? And is its life-time value worth the cost?”

Credit Cards

Only put something on your credit card that you can afford to pay off in full every month. Credit cards are convenient way to buy things.  If you are not able to pay your card off in full at the end of the month, then the interest is high and you end up paying more for the items you bought.

Rather have cash saved for the different areas of your spending, e.g. eating out, entertainment, clothing etc. Once the budgeted amount is up, your spend in that area is done for the month.

Keeping up with the Jones

Many people spend way too much money trying to maintain an image with fancy cars and brand clothing.  Much of what we buy is to impress other people, rather than buying what we need or enjoy.

Your Habits

Figure out what habits are draining your budget.  When you start tracking your finances you may find habits that are draining your finances. These can include: hobbies, clothing, eating out etc. Once you have figured out which habits are eating up your money, then evaluate if these are really necessary and set budgets for them.


Some people are naturally good at saving, but the majority of us are not.  Many spend all their money as soon as they receive it.  Money saved and invested has a greater benefit than spending it all.


It doesn’t matter how much money you have, start looking for ways to invest and grow your money.  If you are not able to invest immediately, start an investment saving fund and start watching the markets, so that when you have the funds you can start to invest.

Take control of your money, signup for our free email course, Budgeting Made Easy.

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