Cheers to a prosperous 2023!

What we all hoped to be a pivotal year that was 2022, it’s proven to be even more problematic as we continue to navigate through the pandemic. We can go outdoors without face masks now but most of us got too used to it that we can’t go out without protective gear and a bottle of alcohol spray. Businesses that survived the lockdowns and restrictions of the past two years may have gone almost back to normal but with the skyrocketing inflation rates and recession scare, mass layoffs still happened here and there. The prospects of a better new year seem to be pretty farfetched. The pandemic and all these economic woes affecting the world may have discouraged us adding to the uncertainties but the same taught us to be resilient and hopeful. I mean we all thought we can’t make it past 2020, we struggled but still, here we are excited about 2023! It may sound like we’ll need to overcome the impossible, but there are of course opportunities to be financially prepared and thrive.

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Expenses versus budgets

You just got your paycheck, so now what? You’d think you just need to pay bills that are nearly due and it’ll all be good. You then spend the rest of your money on a shopping spree or treat friends on night outs because, well you think to yourself you deserve it. Of course, you do. Problem is, you end up with what’s little left from the splurge, which most of the time is no longer enough to cover your expenses until the next payday. That dominoes to overdue rentals or utilities, missed payments, and worst, having to borrow just to make ends meet. Thing is, this happens because you’re just merely spending, equating money to expenses, but then you can change that to the better habit of budgeting.

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