How Real People Grow their Wealth (Series) - 3

Track Your Spending

Keeping tracking of your spending (even for 30 days) allows you to know exactly what you spend.

Have you ever gone to the ATM and two days later asked yourself, "I know I got N20, 000 on Tuesday -- where did it go?"

You may remember some of it, but you will not remember all of it. Tracking spending takes out the guesswork and puts you firmly in control of your finances.

From there, it's easy to determine what you can cut or, better yet, what you can save.

How Real People Grow their Wealth (Series) - 3

Set Limits and Stick to them

Yes, that true. For you to grow your wealth you must have set targets that you have to stick to. if you live on a Budget of N30, 000 you need to make sure you do not spend beyond that.

Gonig beyond your set limits could have devastating consequences if it is done without consideration for your set plan for the future because you are actually disrupting the flow of investments you have set up.

Remember, that you are in control of your destiny so from now on, whenever you set your limits make sure you stick to them.