Money Moves

Save Before You Spend


It’s never been easy and truth is, it is not going to get any easier. I am not too old but I have been around long enough to know that nothing is ever enough. I have sat and listened to friends complain of how meagre their salaries or allowances are. I have watched labour unions shout on rooftops for salary increment from employers. I have seen how students are always inundated with photocopies of lecture notes. This, they say justify the reason why they are not able to save.

Well, I am not going to sit behind my PC and bury my head in the sand. Facts they say are sacred. Fact is your salary or allowance is inadequate. Consequently, your bank account balance is almost GH¢0.00. You are always hard up. You have nothing to show for your hard service. You always try to close the stable door after the horse has bolted. But you can’t keep on putting the cart before the horse and expect different results. Like Albert Einstein, I say that is insanity. You have to make something out of nothing.

It’s high time you changed the narrative. You have to move away from spending before saving. It should now be the other way around; save before you spend. This is very possible. Remember how you always tell yourself you can do anything so long as you set your mind to it. This must also apply to your finances.   

The quantum of what you save when you start applying this principle (saving before spending) is not as important as the principle itself. When you start saving before you spend, it will automatically put a check on your expenses. Before long, you will increase the amount you save anytime you receive your salary or allowance. Saving is a culture; saving is a habit. It is not too late to learn.      

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