Where does all my money go?
Are you often asking yourself…
Where does all my money go?
How can I resist impulse purchases?
Why do I keep buying things I don't need?
What lead me to overspend?
Am I using shopping to cope with stress or unhappiness?
Many people find themselves in a situation where they are unable to understand or track the money they spend, leading to overspending and losing control of their finances. Overspending can occur due to various reasons, such as impulse buying, emotional spending, or simply living beyond one's means. When you fail to keep track of their expenses and income, you risk falling into debt and financial instability. The concept of spending less than what you make is essential for financial stability and long-term security. By maintaining a budget, tracking expenses, and ensuring that expenditures do not exceed earnings, you can avoid financial pitfalls and work towards building a solid financial foundation no matter how much you earn.
The basic principal to building wealth is to spend less than you make and invest the rest.