I felt a strain in my back and realized it was because I was hunched over trying to read from my notebook in the fading light. I stood up to go switch on the light and that’s when I noticed I wasn’t alone.
At a corner in the back, I saw the top of someone’s head peeping over the desk dividers of our open-plan office.
Eric was meticulously inspecting every company transaction from the previous month. He dotted every “i” and crossed every “t” in our accounts and expected nothing less from his colleagues.
Like Eric, most of us are careful to include every detail when dealing with our employer’s money. I guess we do so because of the fear of losing a job or being arrested for fraud. In contrast, most people cannot account for 20% to 40% of their personal spending.
Many of us don’t save and invest, or, we save and invest very little towards our goals. Start by simply knowing where your money goes.
Write down every shilling you spend for 30 days; like it was your boss’s money. Don’t judge yourself, simply write down where your money is going.
My wife and I did this soon after we got married and we found that we were spending more on take-out food than our rent. This may sound like a middle-class problem but we have seen this same issue across all income levels.
We still eat out with my family, only now with a plan. A plan that allows us to save and invest while we enjoy the life we work so hard to earn. If you don’t know exactly what is happening with your money then you feel powerless to change your situation.
Eckhart Tolle said, “Awareness is the greatest agent for change”. Act like you care about your money by tracking your spending and it will empower you to mak#wednesdaymotivation
Written By Waithaka Gatumia, Centonomy CEO.
Call 0795359333 to enroll for Centonomy Nakuru Wealth Creation Course starting on 7th March and learn ways to care about money.