Balancing the budget is like going to heaven. Everybody wants to do it, but nobody wants to do what you have to do to get there.

Balancing the budget is like going to heaven. Everybody wants to do it, but nobody wants to do what you have to do to get there.– Phil Gramm.

Every budget is a test of your capability to balance your expenses and your income.

It's a tough test that many of us fail. The reason is simple, most of us are never prepared to live within our means.

Most of us when we have a little, we want to prove to those who don't really care about us that we have arrived

and when we're sent packing from the heaven the people built for us, we go outside our means to buy mansions in the hottest part of hell in attempt to prove to the world that we are still in heaven.

Who really cares about where you're , what you have and how you are at any time of your life?

Maybe your loved ones, outside them you're alone.

So, if you want to balance your budget and achieve financial freedom,

you've to die to what people think of your lifestyle, how they live without fiscal discipline and live within your means.

Comments

9 High yield savings accounts in Nigeria.

High yield savings account in Nigeria Here are nine Nigerian banks known for offering high-yield savings accounts, as of the latest available data. The interest rates can vary, so it’s always a good idea to check with the banks directly for the most up-to-date offers. 1. GTBank (Guaranty Trust Bank) Known for competitive interest rates on savings accounts, including specialized savings products like the GTSave savings account. The GTSave offers a competitive interest rates at 8.175%. 2. Access Bank Offers a variety of savings products with attractive interest rates, especially on their Access Bank High Interest Savings account. Access bank premier savings accounts attracts interest rate of 8.175%p.a paid monthly. 3. Zenith Bank Provides various savings products with good returns, including the Zenith Bank High Yield Savings account. Zenith bank has an account called Save4Me. Save4Me is a savings account with a higher interes...

Reasons Quick Ratio Is Important To Investors.

Quick Ratio What do investors look out for when assessing a potential investment opportunity in a company? When investors consider a business to invest in, they are mostly interested in the profitability of that business. But they are also interested in the solvency , efficiency and capital structure of the business. Why would investors be interested in the solvency or liquidity of a business they desire to invest in? Because it’s important to know if the business under consideration would have the financial capacity to meet its current maturing liabilities. It’s worthy of note that businesses carry out transactions on both credit and cash bases. The quick ratio (or acid test ratio) is used to test the solvency or liquidity of a business through the ratio analysis of its financial statements. What is quick ratio or acid test ratio? The quick ratio is a solvency test that compares the total current assets of a business excluding stock, to its total current liabilities. The goal of quick...

Which primary effective spending habits guarantee personal budget discipline?

First, why is personal budget discipline necessary? It's necessary because without it, you're going spend more than you earn and end up living the rest of your life in debt. Spending one's entire life in debt doesn't produce growth. Personal finance growth is founded on having substantial savings, which could form a significant portion of initial investment capital. Investments drive personal growth. So to grow financially, personal budget discipline is necessary. However personal budget discipline can't be obtained in the absence of effective spending habits. What are the effective spending habits that guarantee personal budget discipline? 1. Having the habit of preparing a personal budget regualrly. Having a personal budget is the starting point and the driver of effective spending habits. A personal budget is a financial plan that clearly defines your expected revenue and expected expenses. For a personal budget to be effective, it must be realistic. That is, ...

Finance

Search This Blog