Most people fail to master money management because they believe the rich can spend without looking at labels. So, they spend and spend often having a negative account. Many also believe the lie "it takes money to make money," so they continuously invest or make unneeded business purchases, but later they find themselves with small returns. If you think being able to spend is a sign of affluence, you will find that you will continue to struggle.
Keys to having more money supply:
I found when I set a spending limit; I stop making excuses and overspending. I take something out of the order or the week or month. I make a delayed purchase by practicing appreciation for what I have now. Perhaps next time or often, I found I did not need it right then, and that's why delayed purchases work. Many people believe if you can't buy something when you want it, that means you are broke or poor, but the rich have no problem saying no and waiting although they have the money. Poverty thinking is thinking rich is being able to spend whatever you want, but that is limited thinking. That is why someone can come into money and end up without that money within a short period of time. In other words, ask yourself what is the best use of this money?
Stop being wasteful, and you wil find you have more than you think. One day while I was cooking, I realized I was using too much flour in a recipe. I did not notice until I measured because I was not a seasoned baker. I could not eyeball the amount, therefore, using too much flour. Something simple can add up over time, so I am not a drill sergeant in what we use, but I am more aware. For example, I use a towel to clean up instead of a paper towel whenever I can, but I have seen people throw away the entire roll because it had one spot. Learn that monitoring or budgeting is not poverty or poor thinking, but instead, you are a good steward of your supplies and resources, and you will have more.
Surprisingly, monitoring my time and saying no to unplanned events. Monitoring time is rarely mentioned as a mechanism to budget. Often people like to "pop up" or "call up" when I am working on money-making tasks. Appointments are essential to my business so I can adequately plan so unplanned pop-ups or call ups eat up my money-making time.
Monitoring things or budgeting is helpful, and it's not meant to smother you but help you feel free to spend during certain unexpected downturns like now or even to have fun!
Video Examples in the Vlog