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RE: Financial Resolutions: The Underlying Reasons Why You Might Fail.

in LeoFinance3 years ago

A lot of great things said here. Wish I could respond toall directly. But then..

when one's can control the ability to fund their addiction, it's relatively easier for them to say they can make a workable resolution.

This is the fact and you emphasized it in many ways. When say and decide to stop a lot of things. Sometimes we succeed when there is no way to financially sustain that habit. But turn it around - give the person the money and present the opportunity again, and you see them failing over.

One thing I want to work on this 2023 (though not included in my resolution) is to watch my spending. I messed up a lot in 2022 to the tune of NGN 1m - its unbelievable!

So once we are able to cut down on financing a lot of unnecessary (even some necessary) things, it helps to achieve our goals quickly

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Well I think being conscious enough about watching your spending is the best way. Im hardly a financial guru. I made some crazy mistakes with money which has put me in this position as well. But I think we learn everyday. I learnt last year that if I could fund the things I could likely be addicted to, but choose not to, then it's a very good thing iny life.
One million naira is a lot of money I must say. I'm actually thinking of how long it took to Incur that loss overtime. Hopefully, 2023 will be a better year.

Sure, watching what I spend is the best approach. Just as I mentioned in my latest post, my noon meals seem to be the biggest daily spending. So this 2023, I will make 50% or more of my lunch at home and take it while going to work.

One million naira is a lot of money I must say. I'm actually thinking of how long it took to Incur that loss overtime.

Between mid February and September 2022.

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