Seven ways to be financially free
1. Calculate your monthly expenses This should be done on paper. Divide your monthly expenses into two categories; fixed and recurring expenses and non-recurring expenses. Recurring and fixed expenses are those that we have to pay monthly, and that we can determine before they are due. Examples of recurring expenses include rent, electricity bill, water bill, TV subscriptions like Netflix, airtime (postpaid or prepaid) and Internet expenses. In addition, fares to work and food expenses could also fall under this category, as you can predetermine the two. Non-recurring expenses are the irregular and non-predetermined expenses that you find yourself spending on. Such include medication, clothes, offering, welfare, furniture, electronics etc. 2. Have a budget After having the monthly expenses written down as we saw above, the next important step is to have a budget. This is simply setting aside money for every e...
