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Handling money

Control Your Spending

1.0 Introduction

Money Tips
Handling money

Learning early about handling money helps you from many problems. Poor management of finances leads to troubles in life. We have two scriptural references for our topic, which are as follows:

According to Proverbs 21:20, “Precious treasures and oil are found where the wise live, but a foolish man devours them.” (ISV). The other one is found in 2 Corinthians 9:8, which says, “And God is able to give you more than you need, so that you will always have all you need for yourselves and more than enough for every good cause.” (GNB).

So, today we shall look at how we can control our spending. So, ways of doing so shall be discussed. Let us go for it now.

2.0 Ways to control our spending.

The following are some of the ways that can help better control our spending:

1) Understanding why you spend

There must be reasons for spending your money. Do not spend just because there is something presented before you through adverts on TV or social media.

Do not spend to impress people. Some people see others owning certain things, then they also buy those items.

“Spending money to show people how much money you have is the fastest way to have less money.” (Morgan Housel, The Psychology of Money).

“Survival is based on spending money on things that you need, not things you don’t need because some things can wait until a season of prosperity.” (Brenda Diann Johnson).

2) Prepare a budget that works for you

A budget is a spending plan. This helps you spend on what you intended and ensures accountability for all your money.

“A budget is telling your money where to go instead of wondering where it went.” (Dave Ramsey).

“A budget tells us what we can’t afford, but it doesn’t keep us from buying it.” (William Feather).

3) Manage your debt

There is good and bad debt. Good debt is debt that helps you. But bad debts is the one that brings you trouble.

“Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I’m the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans.” (Robert Kiyosaki).

3.0 Conclusion

Controlling your spending is very important if you want to experience a peaceful life. I have highlighted three ways of controlling your spending. There may be other ways. Understanding why you spend is very important. Prepare a budget that works for you. That will be your guiding tool. Finally, I said managing your debt is also key in your life. Otherwise, your life can be in trouble.

I believe that the three ways shall go a long way in stabilizing your life. So, put these three ways into practice.


Elphas Sipho Mdluli- MBA Areas of Expertise Business Leadership – Operations Leadership – Financial Management – Process Optimisation – Decision Making Stakeholder Engagement – Project Delivery – Organisational Strategy – Relationship Management – Negotiation Skills Strategy Development – Change Management – Relationship Building – Team Empowerment – Performance Improvement Critical Thinking – Systems Thinking – Strategic Planning – People Management – Business Administration Executive Summary As a meticulous, driven and people-oriented professional, Elphas is motivated by ensuring the achievement of organisational goals. He is fuelled by improving business performance, whilst his all-embracing skillset has enabled him to successfully execute projects across various platforms. His career has presented the effective delivery of solutions, leveraging expertise in financial, operations, administrative and business processes, as well as the management of integrated transformational projects. Elphas thrives in complex environments where strong leadership is required to drive business performance. As a highly focused and participative leader who believes in effective teamwork, he prides himself on his innate ability to connect with and lead stakeholders across all levels of an organisation. With a dedication to continuous improvement, Elphas has completed a vast range of courses, including currently completing his Doctor of Business Administration, building upon his MBA, Bachelor of Ministry degree and Bachelor of Commerce degree in Accounting, to mention just a few. Career Summary Elphas has built his career on a strong academic foundation across a diverse range of areas, including accounting, management development, ministry, finance, corporate governance, risk management, behavioural intelligence, leadership and business administration. He is a Business Leader, an Author, a Lecturer and a pillar within his community. His diverse roles have shaped his skillset and his early roles consisted of Chairperson and Senior Pastor for Christian Liberty Centre and Branch Officer for Select Management Services before moving to Sibonelo Savings and Credit Cooperative Society as Accountant, Manager and then General Manager. In 2013 Elphas spearheaded the start-up of Life Solutions Investments, an organisation providing Training & Consultancy as well as leading operations of a Block Yard. He has also been contracted by Calvary College as a part-time Lecturer. In addition, Elphas has written and published numerous books based in business, marriage and spirituality, as well as being Founder and Senior Pastor of the Freedom Centre International Church. As a result of his sharp business acumen, Elphas was offered the role as Executive Manager for Eswatini Association of Savings and Credit Co-operatives (ESASCCO) where he effectively led teams across various departments. He oversaw Administration, Finance, Training, ICT and the Insurance departments. Elphas has consistently excelled in improving performance and has enjoyed many successes throughout his career, which is evident in the success of the organisations in which he is involved. Elphas provides a significant contribution to the long-term sustainable growth through his extensive experience, vast administration knowledge and impeccable business leadership abilities. His implementation skills are forefront in overall strategic development, and his involvement in business ensures ground-breaking improvement in performance. He is a resourceful professional who has a passion for the development of commerce and the progress of human capital within business, ensuring and facilitating significant growth and financial health of an organisation.

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