Money is one of the most difficult things that many people don't know how to spend once they have earned it. They become so careless and misuse it and end up being broke before the month comes to an end. But here are the simple ways to help you deal with it;
Circle the waste
Audit yourself on your spending after a given duration of time. Monitor your money transactions notices, receipts, and bank alerts and see where your money goes to. If you find out that there is somewhere that your money goes and it is not necessary, try as hard as you can to cut down the extra expenses.
Tax yourself
You pay tax to the government each and every month. You should also include your self in the list of paying tax to your account. Spare at least 10% of your salary and add it to your savings account. You should never skip a single month in taxing yourself.
Have an investment
Save also at least another 10% every month and after a given time, put the money into other investments that are of long-term. You can seek to advise from financial advisors or even use bank facilities to manage your money.
Tell your money what to do
Never be passive about where your money goes but try to do the right things as possible. Budget well for the month ahead of you and do not over do the budget. If you have some debts to pay to do so and always never forget to save because it is very important.
Develop plan B
You can have an alternative way of earning an extra shilling rather than spending the whole amount that you earn. There are many ways of doing this like by writing online articles like to Hivisasa and starting a part-time business. This can help you save the money you earn from your salary.