There are so many of you who do not understand the importance of accountability. Many people have this habit of living a luxurious life especially when they know they have little or nothing in their bank accounts. We don't need to understand that to forge ahead in life, you need to set standards and principles. You cannot keep spending above your income margin unless you want to be bankrupt for a very long period of time.
Sometimes people unintentionally live above their income margin because they succumb to every nice product they see whether online or in stores. For example, you plan a whole list of what you want to get at the market, you get there, you see some other nice stuff you want to buy and you succumb to the temptation to buy those products. In business studies, this is usually referred to as impulse buying.
As an individual, you must learn to rationalize the amount of money you spend on some certain products, spending indiscriminately only puts you at the end of the food chain. Below are some certain materials you need to stop spending your money on indiscriminately;
Overpriced Clothing Materials
This is for those of you who are so flustered by the latest designers in town. If you cannot afford, it it is best to save up for it gradually instead of dumping all your cash and life savings on some overpriced piece of clothing. There's something about successful people, they tend to give up immediate niceties because they understand their present investments guarantees them so many future benefits and luxuries.
Overpriced Phones And Gadgets
There are so many Nigerians that are very guilty of this particular vice. Owning a really expensive phone is one of society's ways of identifying a rich person. One of the fastest modes of identifying a rich person is if he's using the latest Samsung or iPhone. Now, because some people want to belong to the category of the elite, they go through so many financial crisis as well as doing unimaginable things in the name of getting these gadgets.
Visiting Expensive Locations
You don't have to go to an extremely expensive hotel or lodge just because you see your other friends doing so. If you cannot afford it l, leave it or better still, work towards it.
Overpriced Beauty Products
Some of you girls can go to any extent just to get a particular skin care product you are so obsessed with. This should not be the case as they are much cheaper and more effective beauty products you can use. I'll personally advise that you use our local products because sometimes they work better than the sophisticated products you're so obsessed with.
You also need to stop spending your money on people who do not add value to your life. The best thing you can do is to look for a very good investment company to invest your cash in, at least an investment company will give you interest while unproductive people won't. Choose who you spend your money on and make sure it is the right choice you're making.
Content created and supplied by: TheLifeOverdrive (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More