Topic: Biting more than i can chew. How can i do better? - page 2. (Read 832 times)

I am a young man who is not married. I have made some mistakes in how I use money and the resources I obtain. So, I have come to share this problem with everyone in the hope of finding help and changing the way I misuse money. I have a psychological memory from my upbringing that money is earned and should be spent as long as you keep earning. I see money as something that needs to be spent. If I see something I like or desire, I buy it without minding the cost as long as I really like it. Yep. Many years of self-employment with varying monthly income were like a blessing to me since I started designing and building websites. This little money made me a bit proud of myself and where I've come. I made a lot of friends, and whenever they asked me for anything, if I had the money in my possession, I'd disburse it to them. I was happy to receive praise that I was the best friend a person could ever have. I won't forget when I started going to clubs and spending money on luxurious clothes and booking rides from one city to another.

All of a sudden, everything changed. I lost one of my most loyal clients due to a car accident. I started getting fewer job opportunities. My monthly earnings were so low that I could hardly afford anything. All the friends I had left me, with only a few remaining. That's when I realized that I could do better. It's been over five months now, and things are still not completely okay for me. But I want to change and plan for myself.

The main reason I'm sharing this topic is to get your own opinions and advice so that I can do better. I believe it's because of poor financial management that I've fallen to this level. I've been doing things that I now realize were not the right things to do because I don't have any financial stability. Last week, I felt ashamed when people see how frustrated i am because I had bitten off more than I could chew. I'm open to opinions and helpful insights to start again, but this time in a more stable and responsible manner.

Management will always be the best thing and has an important role in every human life and also yes this will be able to balance so that your planning can be maintained properly, of course it is very appropriate advice, however we should always be able to allocate a budget that is balanced with the income we get, do not overdo it in terms of allocating because some impacts can occur as a result of decisions that are not based on proper consideration.

Yes that's right, one of the steps that can be done is to track allocations that should not be needed, we must be able to distinguish something that is really needed for the benefit of our lives with something that is only temporary and not really needed, or I mean desires that are not really needed. That's a pretty good adjustment so that we can keep a balance between expenses and income. And besides that if indeed they have a little more budget than the rest of their living needs then yes a pretty good alternative that can be chosen is to save or allocate the money to invest, you can do it consistently if indeed the financial situation continues to support, just think of it as your savings fund for future provision. It is better that way than you use the money for things that you don't really need.

I am a young man who is not married. I have made some mistakes in how I use money and the resources I obtain. So, I have come to share this problem with everyone in the hope of finding help and changing the way I misuse money. I have a psychological memory from my upbringing that money is earned and should be spent as long as you keep earning. I see money as something that needs to be spent. If I see something I like or desire, I buy it without minding the cost as long as I really like it. Yep. Many years of self-employment with varying monthly income were like a blessing to me since I started designing and building websites. This little money made me a bit proud of myself and where I've come. I made a lot of friends, and whenever they asked me for anything, if I had the money in my possession, I'd disburse it to them. I was happy to receive praise that I was the best friend a person could ever have. I won't forget when I started going to clubs and spending money on luxurious clothes and booking rides from one city to another.

All of a sudden, everything changed. I lost one of my most loyal clients due to a car accident. I started getting fewer job opportunities. My monthly earnings were so low that I could hardly afford anything. All the friends I had left me, with only a few remaining. That's when I realized that I could do better. It's been over five months now, and things are still not completely okay for me. But I want to change and plan for myself.

The main reason I'm sharing this topic is to get your own opinions and advice so that I can do better. I believe it's because of poor financial management that I've fallen to this level. I've been doing things that I now realize were not the right things to do because I don't have any financial stability. Last week, I felt ashamed when people see how frustrated i am because I had bitten off more than I could chew. I'm open to opinions and helpful insights to start again, but this time in a more stable and responsible manner.

Yes, he can start from budgeting and see himself if he's going to improve with a week trial. There are a lot of free budgeting apps that he can find on playstore but of course download only the ones that has good reviews and gazillions of downloads and has a good star rating.
Do this consistently for a month and definitely he'd see the difference of a former him and into a new him that knows how to budget and check his finances once in a while. This is actually a good start.

Anyways, it is beautiful that you want to improve your financial management and plan for a more stable and responsible future. One suggestion would be to consider developing a budget that aligns with your current income and expenses. To create a clear picture of your financial situation and allocate your resources more effectively, start by tracking your expenses and identifying areas where you can cut or make adjustments. Also, you should set some financial goals for yourself, it could be saving a certain percentage of your income each month, which can provide a sense of purpose and direction.

I am a young man who is not married. I have made some mistakes in how I use money and the resources I obtain. So, I have come to share this problem with everyone in the hope of finding help and changing the way I misuse money.

I have a psychological memory from my upbringing that money is earned and should be spent as long as you keep earning. I see money as something that needs to be spent.

If I see something I like or desire, I buy it without minding the cost as long as I really like it. Yep.

Many years of self-employment with varying monthly income were like a blessing to me since I started designing and building websites.

This little money made me a bit proud of myself and where I've come. I made a lot of friends, and whenever they asked me for anything, if I had the money in my possession, I'd disburse it to them. I was happy to receive praise that I was the best friend a person could ever have. I won't forget when I started going to clubs and spending money on luxurious clothes and booking rides from one city to another.

All of a sudden, everything changed. I lost one of my most loyal clients due to a car accident. I started getting fewer job opportunities. My monthly earnings were so low that I could hardly afford anything. All the friends I had left me, with only a few remaining. That's when I realized that I could do better. It's been over five months now, and things are still not completely okay for me. But I want to change and plan for myself.

The main reason I'm sharing this topic is to get your own opinions and advice so that I can do better. I believe it's because of poor financial management that I've fallen to this level. I've been doing things that I now realize were not the right things to do because I don't have any financial stability. Last week, I felt ashamed when people see how frustrated i am because I had bitten off more than I could chew. I'm open to opinions and helpful insights to start again, but this time in a more stable and responsible manner.

Yes, he can start from budgeting and see himself if he's going to improve with a week trial. There are a lot of free budgeting apps that he can find on playstore but of course download only the ones that has good reviews and gazillions of downloads and has a good star rating.
Do this consistently for a month and definitely he'd see the difference of a former him and into a new him that knows how to budget and check his finances once in a while. This is actually a good start.

Anyways, it is beautiful that you want to improve your financial management and plan for a more stable and responsible future. One suggestion would be to consider developing a budget that aligns with your current income and expenses. To create a clear picture of your financial situation and allocate your resources more effectively, start by tracking your expenses and identifying areas where you can cut or make adjustments. Also, you should set some financial goals for yourself, it could be saving a certain percentage of your income each month, which can provide a sense of purpose and direction.

I can relate to your story, because I have been in that position and it is very sad when I remember it. But I don't want to discuss my story here because what you need is support from people to get through this. There is nothing I can say other than cheers for you. Remember that in your life there are still people who need your presence - parents, siblings, or other people you care about, they all still need you. You must be able to fight for them, especially for yourself. It's true that now it's quite hard for you to get through the days, but still remember that gold before it becomes jewelry is beaten and hammered with heat, and if you can get through this ordeal I'm sure you can become a better person. Keep your enthusiasm and keep praying if you are a religious person.

Anyways, it is beautiful that you want to improve your financial management and plan for a more stable and responsible future. One suggestion would be to consider developing a budget that aligns with your current income and expenses. To create a clear picture of your financial situation and allocate your resources more effectively, start by tracking your expenses and identifying areas where you can cut or make adjustments. Also, you should set some financial goals for yourself, it could be saving a certain percentage of your income each month, which can provide a sense of purpose and direction.

That is just it. Most of the time, people that stick around you are there because of what you have, and I know if you lose it, they will definitely leave you. Although you have already encountered the situation, a wise man says that “if you want to be successful in life, you should avoid too many friends." Looking at this, having many friends can make you not think about your finances because they will show you that they are always with you and make you not calculate your expenses.

So the only advice I can give you is to have a budget based on your income. If possible, the budget should be lower than your income so that you can save enough to recover your former financial status so that you can plan a good life and also reduce bad friends. If not, you will still go back to your previous life.

You would have put yourself in other after the demised of your client. And also you would have looked into your business capital to see if it could sustain the business and it was not them you would have changed business to another business that you would have done better. Those are so.e the business strategies. You don't have to stick to one business when you discovered it was not doing well again as the beginning.

I will advise you to divide your business idea into two so that if one side goes down then you use the other one to support it.

All of a sudden, everything changed. I lost one of my most loyal clients due to a car accident. I started getting fewer job opportunities. My monthly earnings were so low that I could hardly afford anything. All the friends I had left me, with only a few remaining. That's when I realized that I could do better. It's been over five months now, and things are still not completely okay for me. But I want to change and plan for myself.

Two things came to my mind after reading OP's story.
The first one was of my friend who is in a similar situation. He bought an apartment but can't find money to furnish it, so he ends up paying rent for it while not living in it, which makes his finances even worse.
Why can't he move? Because he spends all the money he earns every month. He has loans to pay, buys expensive stuff like motorcycles, clothes, eats out... He's a spender and he's never going to save up enough money to remodel the apartment.
The second thought is about OP's friends. When your friends leave you because you have less money, they were never your friends. It's good that they taught you this lesson before you lend them money, or before you started a business with them.

I have a psychological memory from my upbringing that money is earned and should be spent as long as you keep earning. I see money as something that needs to be spent. If I see something I like or desire, I buy it without minding the cost as long as I really like it.

The main reason I'm sharing this topic is to get your own opinions and advice so that I can do better. I believe it's because of poor financial management that I've fallen to this level. I've been doing things that I now realize were not the right things to do because I don't have any financial stability. Last week, I felt ashamed when people see how frustrated i am because I had bitten off more than I could chew. I'm open to opinions and helpful insights to start again, but this time in a more stable and responsible manner.

Does the song "Nobody Knows You When You're Down and Out" by Eric Clapton relate to what you experience?
Things can be that messy when sometimes you show you made a lot of money and then friends wanna party with you and then soon when you have nothing they are also gone. You are not the only person who committed such mistake. the story has been told a million times in the past.

But come that you realize this, you will remind yourself all the time to never again. If possible you find a job while you also keep investing the money you have and show the world you can make it.