Sometimes we just live life without really checking how far we are going financially. We earn, we spend, and we move on with life like everything is fine. But if you really sit down and think, you will realize how important it is to always do a financial check and balance on yourself.
I see it as something very necessary because it helps me know where I stand at the moment and also where I am heading to in the future. It is just like when you are on a journey, you check your fuel gauge, you check your speed, you check your map. The same way, life and money also need that regular check.
One thing I always ask myself is, how much am I even earning right now? This is the first question because if you don’t know what is coming in, you cannot really plan anything. Some people don’t even know the exact amount they make in a month, especially those doing different small jobs here and there. But the truth is, you must know your earnings clearly if you want to manage your finances better.
After that, I go to the next question which is, how much am I able to save out of what I earn? This one is a tough one because saving is not always easy. Many times, bills will rise, emergencies will come up, and you find yourself touching money you were supposed to keep. But even if it is small, there should be something you are keeping aside. If you are not saving, then your check and balance will always show you red.
Another important question is, can I really live the kind of life I want with what I am earning now? This one sometimes hurts because the answer may be no. But it is better to be real to yourself than to live in fantasy. If your earnings can’t sustain the lifestyle you are dreaming of, then you need to think of ways to increase your income.
I also like to look at the bigger picture. I ask myself, how much would I even be worth in 20 years if I continue like this? This one makes me think deep. If you continue earning the same amount without growing it, and without investing, what will the future look like? When you put it in numbers, you will realize the importance of growth. Time is moving fast, and if you don’t plan now, those 20 years will come like tomorrow.
So for me, doing financial check and balance is not just about figures, it is about reality. It is like a mirror you place in front of yourself, it doesn’t lie. It helps you correct mistakes, it helps you plan better, and it helps you stay disciplined.
At the end of the day, money management is not about how much you are earning but how much you are able to keep and grow. And without doing check and balance, you will never really know where you are standing.
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