PYC EFFECTIVE LIVING SERIES WEEK 2: FIVE TIPS ON DEVELOPING EMOTIONAL GROWTH - Miss Agnes Ama Afful


Build your Income Stream: Income Streams are the avenues through which you make money. It can be a job, an investment or a skill. Whatever it is, develop your source.

CTA: Develop your source of income so you can always earn money.

Have Multiple Streams of Income: Imagine what will happen when the only stream you drink from dries up? Get multiple streams of income. Simply put, have many avenues where you can make money.

CTA: If you have a job, get a side hustle. Just make sure you have more ways of making money.

Create a spending plan: A budget will help you to easily track your income and expenses. You get to know how much you earn and all the things that money goes into.

CTA: A Budget disciplines your spending to help you save money. Create one!!

Pay Your Bills On Time: Money loses value every other day. Thus, don't allow bills or debts to stay for too long. You spend more in paying later, than paying now.

CTA: Create a payment calendar to track all your debts and when to pay them

Try the 70:20:10 Principle: The advice is to use 70% of your earnings to cover your expenses. Save 20% of your earnings and use 10% as investments or tithes (if you believe in this).This is a simple way of proportioning your money.

CTA: Ensure you save the 20% first before any other deduction.