two years ago when i just started working, whatever money i had was for spending which means for as long as there's cash in the bank, i'll definitely get to the bottom of the barrel each and every month. after the latest salary is credited int0 my bank account, last month's balance would be kept as savings.
unlike my colleague back then, Nas who has been working for a lot longer than me, will carefully outline her budget for the month. two years ago, i didnt see the need for that mainly because i was staying at home with my family, and i was driving dad's car and he had also given me his credit card for petrol. all i had to do with my salary was finish it without reasons.
now dat i'm in my 3rd year of service, i've definitely become a lot more wiser than i was in 2008. although i cant say i dont rely on my family at all (because i still live under my dad's roof), im glad to say im 80% more independent than i was when i started working.
the morale of the story is, i should be grateful to have known someone like Nas who has inspired me do what she practiced and hopefully still practicing because, it's important that you put aside some cash for rainy days so you could have something to fall back on (should you decide to quit your job or sumtin like dat) and more importantly, you need to know how much you can actually spend in a month - not just stupidly swipe the credit card as if the bank is your father's. i've been broke a couple of times but im glad i didnt have to go running back to daddy for help - im proud to say i managed and from those lessons, i've learned to be a more careful spender and less of an impulse shopper. although i dont spend freely like i used to, i think it has done me some good especially when i had to make "huge" purchases.
here's my lil formula i've been using every month since, it doesnt take a genius to figure this out but still, hope it's helpful for those who has just started working:
spending money = nett salary - (20% of salary for savings + fixed expenses + debts)
when people tell you dat you'll only start to value your money after you've actually started working for it, trust them, it couldnt be any true!
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