Having enough money is a problem that many people face. If I had a dollar for the amount of times I have heard someone say “I have no money” I would probably not need to be working a 9 to 5 job.

Not many people can say they don’t want more money, and to those of you that do, I would be happy to take some of it off your hands if you feel it is a burden ๐Ÿ™‚

Money Management


Whenever someone tells me that they don’t have enough money I normally can’t help myself and I chat to them briefly to find the underlying cause of the issue. 9 times out of 10 the problem isn’t with the amount of money that the person makes, but with the person themselves.

Management of your finances is critical to having enough money each week and is the most common reason why people start creating a budget. Many people find that they are living week to week and never seem to be getting ahead of the game.

Money Equation

To all the people who I decide to help with their money woes I give them this very simple formula which is the basis of being financially stable and eventually hopefully independent.

Income > Expenses

It is that simple. If your expenses are greater than your income then you are losing money and something needs to change. In this scenario you have 2 options.

Option 1 – Make More Money

This is the more difficult of the 2 options, but is the one that most people concentrate on when they find themselves having money problems. There are plenty of ways to make more money, you could try things like:

  • Getting a better paying job
  • Working more hours
  • Working a second job
  • Ask for a raise

Option 2 – Reduce Expenses

I personally prefer to look at reducing my expenses as most people will find that they are actually paying for a heap of luxuries at the expense of their financial well being. Living within your means is something that some people really struggle to achieve. The problem is that they become accustomed to living a certain way on credit and don’t want to cut back in order to save money.

Just remember, even small amounts of savings can help out and every bit counts. If you don’t believe me then check out my post about quitting drinking coffee.

If you want to look at reducing your expenses then I did up a SAVINGS acronym a while back which hopefully gets you on your way to finding things to cut back on so that your income is greater than your expenses.


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