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The major problem many people are facing in relation to finance is not entirely issues about raising money but spending it. No matter how much you are being paid as a worker or how much profit you make as a business person, if you do not manage your spendings, you can blow everything in moments. You will be surprised how much you will be able to save if you manage how you spend your money, and this will also lead you to financial freedom. Here, we shall be looking at ways in which one can effectively manage how they spend money so as not to run into financial stress.

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<center><sub>Image from [Pixabay](https://pixabay.com/photos/woman-euro-earn-money-online-earn-3972345)</sub></center>

### 1. Do not spend to impress

In this age of massive exposure to the social media, many people want to feel "belonged" because of what they see online or in media. This has made a lot of people to go outside their budget and stress their pocket just to be able to afford what they know they cannot comfortably afford in a bid to impress someone else. The truth is that if you go broke when trying to impress someone, they will not even take notice of you and they may not help you, so spend wisely. Everything that trends is not for you if you cannot afford it.

What you know you cannot afford, there is no point going for it. There are many things you can comfortably afford, so why don't you go for them? Do not allow peer pressure or societal pressure to tension you into hanging your bag where your hand cannot reach. Another area to put consideration on is in the issue of dressing and fashion. You will be surprised how some people squeeze through their pockets just to afford a designer wear. Most times, people do not even know the difference between the designers or branded ones and the generic ones, so why stress yourself? If you cannot afford a branded cloth, nothing stops you from going for a generic one. You can still look great in a generic one.

### 2. Make a budget

This point cannot be overemphasised. If you do not make a budget of your spendings, you may fall for "impulse buying" and may end up buying irrelevances that you will not need. Why making budget is good is because it helps you to make a prioritise of what to spend on. That is, drawing out your "wants" and "needs" and then going for the needs first. When making a budget, you also have to be reasonable about it and make it with the money at hand, not the one you hope to get which you are not sure of. More so, you should also factor in the fact that prices of goods are not constant so you need to make adjustments for them.

Your budget should not be bigger than the money available for it, otherwise you may end up running into financial stress. When spending, you should favour your needs first, then your wants can come after. Imagine if you go for your wants first and you do not have enough money to get your needs, it will not look too good. If you spend all your money on what you do not need, if you run into financial downtime, you may resort to selling what you need just to make a headway, so be wise. More so, if what you want to buy has a cheaper alternative or you know where to get it cheaper, nothing stops you from doing it.

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<center><sub>Image from [Pixabay](https://pixabay.com/photos/cashbox-money-currency-cash-box-1642989)</sub></center>

### 3. Have savings for the future

If you consume everything that comes into your hands without considering the future nor making plans for a rainy day, then you are running at a financial risk. You need to make it a point of duty to save a certain percentage of what comes into your hands. Even if you do not fully stick to your target because of certain circumstances beyond your control, still endeavour to save something. You will be surprised that in the event of a financial challenge, your savings will be what you will fall back on. One thing to know is that financial challenges may not be predictable, so you should live ready and make plans so that you will have what to cushion the effect with.

The little you save today may be what will become your saviour tomorrow. Here's my friend's experience: In his place of work, they had a particular issue with remittance and reconciliation of funds, which made all financial activities to be halted. As a result of this, for two months, their salaries were suspended until the issues were sorted out. Within those two months, many of his colleagues were already borrowing money because they did not see it coming, so they did not make provision for it. However, my friend never borrowed nor was affected by it. He simply went back to his savings and that was how he was able to survive the two months. You see, your savings may be what will save you tomorrow, so do not eat your future in the present; save for the future.

***Thanks for reading***

<div class=phishy>Peace on y'all</div>

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