Did you know that money has wings? It flies but never dies, one will almost say it’s a spirit.

I’ve heard people say all sorts about money but you already know that I love to talk about it. My only problem is that it flies too much.

Growing up, the very day my dad or mom receives their salary is the day it finishes. I used to wonder why but now that I’m a parent, I found my answers.

In fact money is like a witch. How else can you explain how needs come up as soon as small money enters your hand? It’s like your bank alert sends some signal to all those needs or how does it happen?

That is how it is, has always been and will continue to be. Even in economics we were told needs always rise to meet you income. So even when your income increases the things you spend money on also do.

Now that we know the flying capabilities of money, how can we ensure it doesn’t fly away like the two little black birds sitting on the wall?

Here are a few things that can help you retain your money and send it only to where you intend it to go.

1. Know where your money is going.
Do you balance your account every month? Do you know the exact amount you spend on transportation, feeding, drinking, friends/family, cable, airtime and the rest?

If you want to keep your money and prosper, know exactly how much you spend every month. This helps with your financial planning and you know without proper planning, you may fail. So have an account monitor for your home or office. Credit your Expense account AKA Petty Cash so you can track where your money flies to each day.

2. Delay Spending
I’ve worked with different teams, stayed with family and friends and studied how they spend. The average income earner starts spending as soon as the money comes in. When this happens, you’re bound to misspend.

Allow your money to cool off for at least 48hrs before you start spending. This gives you time to filter important and non important expenditures.

It is advised to plan for your money before it comes but if you didn’t, allow it to cool off in the account before sending it on errands after you have planned for it.

3. Plan your expenditures before your income.
This is the king of the jungle. You need to prepare a budget for the week, month, year and the next 5years. This helps you channel your income to the right places.

Don’t you know a friend or family member whom you ask for money and tells you they don’t have yet they buy a car the next week or move to their own house?

Lemme tell you how that happened, the person truly may not have had money when you asked but had planned a lot earlier for that day.

People who plan ahead achieve much more than people that don’t. Some of our parents with there small income were able to build houses, buy cars and do some meaningful projects which some of us who are earning much more are not able to do till now.

Don’t get me wrong, I know inflation has made our money worth less than it was in those days but we can’t take away the plans some of our parents hard way back.

Gosh this is getting too long, I’ll continue on this next week but lemme ask you this…
If you continue your current financial lifestyle, what will you leave for your children; assets, nothing or liabilities?

I’ll give the first 50 people that comments *#GetSmarterWithMoney* FREE of charge, my petty cash planner that helps you plan and keep track of your finances monthly.

iAM Robor-Bliss
Financial Strategist, Web Developer,
CEO Ultra-Pace Solutions LTD.

Till next time,