Tips on How to Organize your Money and Spending


Truth is, people don’t have the kind of money they want because they do not take the much needed time to organize their money. You see, when I organize my money, I get to manage your money. When you manage your money, you get to master your money. If you master certain monies, you will get more in return through viable mini investments…see one of them here. So you have to know how to use your money.

However, before you learn how to use your money, you have to learn how to even organize it first! So in this article, I’m going to share with you some tips on how you can do to better organize your money and spending.


The first tip is to know your bank balance. So many people neglect their bank balance because they don’t want to face the truth. They are afraid of reality so they never check it until they need money or until they run out of funds. One of the greatest ways to combat this is to have your bank app on your phone. Go to your iOS or Google Play Store, they will help you on how to organize your money and spending. Now, a lot of people are afraid to do this because they’re afraid of how their bank account actually looks because they have thousands, even millions of naira….or simply claim they don’t want their bank accounts compromised. Laughable.

First of, bank apps are secure and access cannot be granted into them without your knowledge and input. Mostly, they are actually afraid to see their actual situation. The bitter truth is, you must confront your bank account balance if you want to make it grow. Organize your mind by knowing how much you have in your bank account. Eventually, if you organize it, it will grow from “God when” to “God thanks”.


Another tip that I will recommend is to always print or simply download your bank statements. I will recommend that you do this weekly. When you do this, you will be able to see your expenditures, your spendings. Frivolous spending habit will immediately shame you at this point. But hey! Next week can be better. Some banks will even go further to categorize the outflows by channels used e.g ATM card withdrawls, POS purchhases, Web purchases, transfers, etc. So for instance, for food and gas, electronics, etc you can keep track of it if you have a bank that does that.


If you cannot create your own categorization, however, the best you can do for yourself is to thoroughly review your statements by yourself, regularly. It will teach you a lot about yourself because the way you spend your money will show you what your priorities really are. These tips on how to organize your money and spending will purge bad spending habits.


The third tip is to keep your receipts and your bill invoices. Most people end up throwing away their receipts or their bills because they figured “hey! I’ve paid it already, I don’t need this anymore”. Keep track of where your money is going by keeping your receipts and your bills in a certain box or compartment in your house. Categorize it by type of utility or simply by date. I like to keep my receipts in a certain box and I file it in order by the day. For instance, if I wanted to find a receipt like two years ago I would be able to look back into the box and see exactly where that receipt. You never know when I might need it. Luckily for me, most of my bills are automated. I know exactly how much I’ve been spending on a certain bill and if there are any fees that I’ve accrued.


First of all, get a wallet! It’s actually surprising to note that a lot of young Nigerians don’t even have a wallet. You find most people keeping monies in their side pockets, breast pockets, back pockets, inside bra, undies, socks and so on. This ultimately breeds a dangerous money management culture.

So, the fourth tip is: own a wallet and always clean unnecessary items from your wallet. In a stop and search situation, a lot of people would actually fret because they don’t even know what’s in their wallet. I mean, ask yourself do you know what’s in your wallet right now, a good percentage of us would stutter to answer that question. If you don’t, it is time to pull out your wallet and get that junk out so you can have exactly what you want in your wallet instead of what you don’t want. Many people keep silly things in their wallets that are stopping them from the prosperity that can enter into their life. Some of you have more condoms than money in your wallet. You have to be able to prioritize whatever it is in your wallet and make sure every compartment has exactly what you want in it, moderately.


It’s so simple to say, right? I can tell you a lot of people fail to do it. I am not saying we will not face uncertainties and unbudgeted expenses but write out exactly how much money you actually need on a daily basis. It will guide you and help your prudence. To finally understand these tips on how to organize your money and spending, go further to draft out how much money you would need on a daily basis, weekly basis, monthly basis and, of course, yearly basis.


Find out and create a prudent budget with your liquidity and projected income, in the right way. Try not to suffocate yourself with over-prudence, though. Some people can survive on one thousand naira a day while some others will need over 5-10 thousand naira to fund their daily lifestyle. So you figure out your net income and proportion it with your budget. Know exactly how much money you’ve budgeted for and be able to beat that amount by making more money than you spend.

Ultimately, order is the first law of prosperity. If you master these tips on how to organize your money and spending, you will be blessed with even more. If you keep on keeping track and organizing the money that you currently have, you will find a new increase and quality in your lifestyle.

  1. arnold b says

    emerald thank you for this piece

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