Confession: My Financial Bad Habit

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I have a bad habit. That habit is not taking records of my money as it comes and goes. We all know that’s a quick recipe to kill your business and your finances.

I’m a tech person but I still have love for writing on pen and paper. I still do some recording on pen and paper.

Last night, just before I went to bed, I saw a video. It was a testimonial of a lady who spent N2400 or so every day on Suya and Chin Chin.

N2400 * 365 days = N876,000

That’s her investment to the Suya and Chin chin industry in Nigeria.

Serious money! She learned of Piggy bank and decided to divert that money. Instead of spending it, she saved it with Piggy Bank.

This post isn’t about this lady because she has told her truth. This post is about you and I. The little things that we enjoy yet they aren’t necessary.

Well, I woke up this morning and reached for my purse. Whenever I buy things, I always like to have a receipt. So, I reached for all the receipts in my purse and started recording them in my personal finance book. I realized I had spent N6980 on eating out this month. N20,000 on a product I needed for personal use. Other monies were spent well.

Bye bye, Mega Chicken, The Place and Sumptuous. OK, maybe not a bye-bye but a drastic reduction.

Now, the question is “How do I spend better?” How do I know when I’m spending on things I can do without”?

Budgeting works. It may be difficult for you as a small business owner but it is really the best thing to do. No matter how much your business brings in, pay yourself and keep the rest aside for running your business.

When you pay yourself, you become very careful of not exhausting it before the next one comes. Remember you still have to save.

These things aren’t easy to do honestly but when you try, you get used to it and become better at it. Financial discipline is very important.

My cousin said something that made me move on my seat one day “Anyone who isn’t accountable isn’t responsible.” May we never be found wanting.

What’s your personal finance story and what’s your discipline level? Do you have useful tips that may be useful to the house?

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Hey She-boss! I am Joy (Ollie) and I am glad to have you here. I am a God lover who is dedicated to inspiring young creative women and living a fulfilled life. I hope you find my posts useful and don’t forget to subscribe for more awesomeness! Thank you for reading!!!❤️


  1. Jasmine

    December 1, 2017 at 7:03 pm

    Great Post. I suffered from this same habit until early this year after reading The Smart Money Woman by Arese Ugwu. It taught me a lot and it was initially difficult to put whatI learnt into practice but after so much falling off the wagon, I decided I was gonna be more financially responsible. Yeah, I have a book where I write down all expenses and keep track of my finances.

    • Joy

      December 7, 2017 at 4:34 pm

      That is great, Jasmine. The best part is the fact that you implemented. Keep up the good work.

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