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It is very important that you control your spending as you can not become very successful if your spending is out of control!
This is one of the many secrets of the super rich around the world, that they can have teams of people who are looking at their finance for example the out goings and incomings.
This is to make sure that their outgoings do not exceed an certain percentage of their income if it gets too close to this magic percentage number then they will act to control this!
Normally speaking their out goings should not exceed 20 – 30 % of their income however this figure can change due to business operational demands for a short period of time.
If your income is out of control you can find yourself in debt very fast the best way to get your self back on track is to control your outgoings and keep any eye on this!
Keep your eye on the every day small purchases and make sure to control this as it is a lot of small purchases normally less than £5 that can really add up after a month.
Let say you spend £5 per day for the next 31 days you would have actually spent £155.00. However if you exceed this with some more big spends like £95 for new shoes, £250 for hotel stay and £100 for eating out. Then your final total for the 31 days is £600.00.
Just keep an eye on your out goings every single day until you get your out goings under control.
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