What is the biggest challenge you will face in the next six months?
Saving money. This ain’t a joke when I say this. It’s really hard to be able to save some amount when your outgoing (not expenses) is more than the income.
Tag: budgeting
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Saving money the biggest challenge
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Why do I fail in budgeting?
To be frank, budgeting is something I have never been able to get right so far. Despite my continuous efforts to establish a specific budget for my monthly expenses, I find myself consistently falling short of the vision I have set for myself. Many times, I end up overspending, and this is not solely due to my personal expenses but also because of family-related expenditures. No matter how hard I try, I have never managed to gain control over this aspect.
Currently, my approach to budgeting is flexible, as I tend to utilize the available funds without prior budgeting. I am actively seeking ways to instill a proper budgeting habit so that I can achieve better financial management.
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Financial literacy
As the saying goes, “Human wants are unlimited.” I am pretty sure most people would like to have their maximum wants fulfilled. It can be physical, mental, or spiritual wants, or it can be anything under the sun and beyond. As for me, there are certain things that I would definitely want to acquire and am earnestly progressing towards, while others are just lingering in the back of my mind, longing for them without taking any action.
I would say the first thing that I would like to be more informed about is financial literacy right now. I know that I have very limited knowledge in this area. Psst, I was that one person who ignored budgeting and financial accounting classes :'( . It is indispensable for financial stability and success, and I am falling behind in this regard. I desire to be updated in this very topic in the coming days🤞.
