MAKING MONEY

How to Maintain Good Spending Money Habits?-COMING SOON!

Did you know you can build wealth no matter how much money you have?

Yes indeed. Many do not know that you do need lots of money to start building wealth initially. If you have money, you can build wealth with it.

Published and Written by Joy Timmons on September 14, 2025

Managing Money Disclaimer: The information presented in this blog is only here for educational, experiential, and inspirational purposes. Everyone achieves successful results based on effort, time, and work at every opportunity.

Introduction to Spending Money Habits

Spending Money Habits is about tracking your spending money activities, prioritizing savings and long-term investments, and paying for expenses that lead to financial outcomes. It is constructed by personal values, upbringing, perceived needs, and marketing influences, determining your financial health and debt levels. There are many issues people face when spending money on expenses. The common problems with spending habits include impulse buying and emotional spending, where purchases are used to cope with stress and societal pressures. Many people have debt that leads to financial stress, anxiety, and unhealthy relationships between individuals. It also has to do with having a lack of consistent budgeting and not saving money while earning it for retirement and other expenses. Even though you are struggling to maintain healthy spending habits, there are steps you can use that can help you improve your spending habits over time.

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Step 1: Have a Positive Mindset About Having Good Spending Habits

Developing a positive mindset is the first step in knowing you will have good and healthy money-spendinghabits. The reason is that it is never a good idea to complain about being in a financial crisis without taking steps to help yourself get out of this situation. You know you can gain financial freedom by developing great spending habits over time.

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Step 2: Have the Money to Buy Products and Services

You must have money to buy items. However, I would advise you to have at least $200 so you can afford your living expenses. You can use assets like school refunds and income to pay for purchases and services and other expenses.

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Step 3: Get Materials Needed to Create a Financial Budget

You also need a desktop computer or a laptop and an Internet connection. You need writing utensils, such as markers, pencils, and pens. It is essential to have notebooks, papers, and access to computer programs such as Canva, LibreOffice, and Microsoft Office. You need a house, a mobile phone, and other materials to start creating a budget.​

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Step 4: Learn Ways to Spend Money on Expenses

It is a good idea to take classes or attend workshops to receive excellent financial education from experienced financial experts from any business in any state. Make sure to take notes on important information they need to know about money management, including how to spend money properly. Receiving financial education from expert advisors can help you make better decisions about spending money on expenses. Take the time to read the Bible, purchase relevant books, and obtain resources like handouts that discuss money management.

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Step 5: Set Financial Goals

You need to create financial goals that you want to achieve in life when building wealth. Your primary goal is to maintain a healthy financial lifestyle or achieve financial freedom, where you earn a significant income that allows you to afford all your living expenses. This goal is one of the economic objectives I aim to achieve in life. However, my other goal is to earn 7 figures, which will help me cover all my expenses just like others.​​

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Step 6: Create A Financial Budget

It is a good idea to create a new financial budget to incorporate into your current one as you set financial goals. Ensure you stick to your budget for life, even if your budget changes over time. A straightforward approach to this activity is to create a financial budget sheet using computer programs, such as LibreOffice or Microsoft Excel. Then, you record your financial activities, including assets, salaries, and spending.​

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Step 7: Organize Your Financial Budget

Here is how you can organize your financial budget. If your salary is $120,000 and you pay $60,000 of your expenses, you will have $60,000 left. You can put $30,000 in your savings account or wealth portfolio. The other $30,000 can be used to purchase the products and services you need in life. This situation will help you avoid a financial crisis, like unhealthy spending habits.

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Step 9: Monitor Your Spending Activities

Make sure to monitor your spending habits as closely as possible. If you have an issue with your financial budget, you can contact the bank or credit union's customer service representative to ask for assistance in resolving the problem. The representative can help you solve a financial problem.

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Conclusion

By following these suggested steps, you will develop great financial budgeting habits over time. This situation enables you to achieve economic stability, reducing the stress of financial worries, and enjoy life without financial concerns. You can still ask for help when you are struggling to manage your money from any trusted financial expert. 

If you have questions about money management or would like to share positive feedback about these opportunities, please send your questions or comments about this post to joytimmons4@gmail.com. 

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Thank you for taking the time to read this post. Good luck on maintain a good and healthy spending habits.​