DAY 3: Practice living by a daily spending schedule; ‘How much will it cost me to live today?’

While it is good to plan your spending for a whole month and to track your daily expenses, I found out that it is extremely good to have a daily budget. I mean trying to predict ahead how much living that day will cost you!

Before leaving home everyday, I decide how much I want to spend for that day, but then before I put that amount in my wallet, I also think about any potential emergencies that may come up and exactly how much extra cash I am willing to take along for them. That way, I can stick to my monthly budget. Everyday, I try not to spend mote than my pocket money of N1,000 (that's N7,000 weekly). Any excess at the end of the day goes into my savings.