HOW TO MANAGE YOUR MONEY DURING RETRENCHMENT

Talking about money and finances has never been easy around people who still depend on their monthly earning. Once you start talking about savings and all that has to do with money, they would cash you away instead of listening to your financial tips.

Today I would like to talk a little about finances, how to manage money during retrenchment times. Yes, it is not easy to manage cash during that time but with money management everything is possible. You need to learn that some things are not necessarily to buy or keep around the house. 

When your finances are not making up your monthly expenses it is important to stop buying or paying for other items. Because doing so you are taking away your savings, while you could have saved the money for rainy days.

Financially advisors always tell people to draft everything they spend their money on, to tell which one is a need and which one is a want. We all have learned this in school, needs are more important than wants. Life is about what we need not what we can buy and keep without giving us anything in return. 

Always make sure than when you start this journey of savings during retrenchment you begin with drafting everything first. Then you start selling everything that will not be needed much in your life, that little cent could save your life. We all love our laptops and gaming items, but selling those can open a door for our lives.

We all want to have money all year round, but doing so comes with a great sacrifice, remember you sell what you don't need. To help yourself get on your feet again.