WHAT ARE YOU DOING WITH YOUR MONEY?

It’s apparent that every day of our lives we use money directly or indirectly, sequel to this, almost all life activities are directed towards the quest to acquire more money in other to use same every day. However, either the more we strive to acquire more money, or the more amount of money we get, it’s quite mind blowing that the resultant effect is that we tend to use more amount of money every day.

Since we do not fetch money to keep or pluck money to store, and also in cognizant of an axiom which says _“the more money you have, the more you seek and the more you use”_ this gives rise to a major question that we sometimes ask ourselves in our privacy, Wives asks their husbands, Mothers ask their children, brothers and sisters ask each other, nieces and nephews ask their uncle, Children ask their fathers, friends ask their friends etc. is _*“what exactly are you doing with your money?”*_ 

Someone once mentioned that Money has life, he claimed that money is a living thing that response to stimulus and attracts expenses, in his words _”money has life, it seeks to move and it respond to environmental changes, once I have money in my pocket, it affects my status such that the money desires moving out, the money in my pocket knows the environment I am because I get this itch to spend when I walk close to the shopping mall, also as money comes into my pocket, it attracts expenses, my eyes become opened to the things I need to spend money on.”_ he concluded” _I can’t exactly and specifically  answer the question of what I have been doing with my money at all.”_ 

Dear reader, That sounds funny but what have you been doing with your money? Yes, almost everyone assumes they do not have so much money, as an accountant I recently accumulated the total net earnings of a colleague at work and showed him how much he has earned in the last six months period, he was surprised and immediately asked himself; what have I been doing with my money? Will you do same?

Yes, I would love you to ponder on this; from the beginning of the year up to today’s date, how much have you earned or received and what have you actually used this money to do? Can you itemize what to a significant part of your income? Did a reasonable part go for frivolities? Did you actually spend the money on things and areas you are proud of? Was it spent on Essentials or Non essentials? Did you use the money on reasonable things? Was the usage necessary?  I will leave you to ponder on these questions.

Meanwhile, since money seems to be very slippery, one needs so much skill in handling it. Preparing a plan, keeping records and setting priorities is inevitable in other to ensure money is handled in a manner you will be able to answer yourself the question of what exactly you did with your money even in five (5) or more years’ time,  Furthermore doing the following with your earnings are pertinent;

1. Save your money

2. Invest your money and 

3. Spend your money

 Crown Up: 

Yes, you can't eat your cake and have it, but at least you should be able to decipher on when and how the cake was cut, where you cut it and how each part of the cake was eaten.

Surprisingly, Eight among every ten persons would not be able to tell what they used their last earned or received income to do.

Money is the most soughed commodity on earth, the more we sought for it, sometimes we get more. However the more we get money, the more we use it, since we use this commodity every day, being able to account for how we disperse every unit becomes a challenge, to get off this one has to apportion all earned income into savings, investing and spending.

Dear reader, as you receive or earn any amount of money decide on what to save, what portion to invest, then spend the remaining, furthermore get more knowledge on how to save, invest and spend your money by reading business related documentaries and subsequent publications of The Money Pathway with Ubong Akpekong on Glomatt Blogspot. 

Thank You.