Financial Accountability & Evaluation To Oneself
(Edited)
Accountability to oneself is a self evaluation of how we manage our personal finance in other to find an equilibrium to either being ostentatious or megre.
A lot of people do not budget and this isn't economical. The main reason why there's a need to be economical in the first place is because of scarcity or a certain limitation in resources. Accountability and evaluation helps one faces their truth.
While some people do not know that they're meagre or ostentatious when it comes to how they spend, eventually, they're let known by how their resources deplete. No one has unlimited resources because human wants and desires are expensive and insatiable.
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Of course budgeting is important and I think writing down what they spend would probably be the first step towards accountability. I don't expect things to change over night but they just need to learn over time.
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Writing down, would also be termed as accountability to Oneself, budgeting too would go a lot way especially if we're not planning to overspend. What happens best is having financial awareness. Thanks a lot for the comment
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Well it's good apparently in what ever you do to plan before venturing into anything because it saves you from over spending
Many knows that planning is key but sometimes they just tend to miss out because of one thing or the other, they fail to plan even when they know they should plan.
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Yeah maybe because of been curious to get things done within a short time. Even with the present situation of this country now people tend to rush things
Talking about the spending I came to realize that the way people spend when they get more cash even from now till eternity their want won't still be satisfied because they will always want more and without budget they will end up spending all without having hope if seeing another one
You're exactly correct, thank you for dropping by.
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You are welcome