Do you constantly carry out periodic financial check up or do you leave your finance to chance and fate the same way many people handle routine medical check up?
Unfortunately many are negligent about this for some reasons which include complacency reasoning that “God is in control” while they fail to take their financial destiny into their own hands, fear of discovering how woefully they have failed or the false notion that they are faring well financially.
No matter what the case may be for you, it is important you carry out this check so as to improve your situation. If you find out you are not doing well, it then calls for amendment, if you are doing well, it encourages you to press on to achieve more.
How then do you carry out this check and what are they yardstick and intervals to adopt?
It all depends on what works for you and how convenient it will be for you. It can be daily at the close of the day, weekly, monthly or quarterly just as a meticulous stock keeper should take stock.
If you have uncontrollable desire to spend, just spend and keep spending it means you have to do a thorough check on your self to know why you indulge in the habit, you may discover the reason.
If it is low self esteem and the desire to keep up with the Joneses then it calls for reorientation to know that a man’s life consists not in the abundance of things he possesses. If you keep on spending because you are not satisfy with the quality of initial purchase then you can seek the assistance of a trusted friend with eyes for good quality to avoid such mistakes in subsequentpurchases.
When Saving part of your earnings seem to be a difficult task for you then it is certain that your finances need attention. It could be that your expenses are way to much you can either look at how you can trim down your expenses or look for ways to increase your earnings especially in this era of hyper inflation where trimming down expenses is more tasking than looking for ways to increase earnings. The bottom line is to ensure you look for legitimate way to ensure you save some money.
When you have no emergency fund it is obvious you need to check your finances to see how to create this portfolio to handle unforeseen circumstances.
When the Power to afford basic needs not wants become a problem you definitely need no sooth sawyer to tell you, you need to act fast on your finances.
Hope ikwe dosunmu
