1 Year Treasury Rate is at 4.75%, compared to 4.72% the previous market day and 0.27% last year.

This is higher than the long term average of 2.86%. Stats

New filings were in line with consensus expectations, rising slightly to 211,000 in the week

ended December 3. This is up from the prior week’s revised total of …

Spending Less to Invest More

The process of generating wealth, which can be achieved with even minimal income,

requires commitment to basic measures. The measures that can lead to the generation

of wealth, if properly implemented are highlighted below.

It seems pretty obvious that budgeting should be one of the top measures implemented

to spend less and invest more.

As cliche’ as budgeting may seem, it still serves as an established means of spending

less of one’s income and investing more of the income.

For budgeting to be effective, a budget has to be functional and include all kinds

of expenditure, from the emergency expenses to the regular expenses.

Penalties for exceeding the budget should also be stated and implemented

appropriately. An effective budget should be a proper reflection of one’s financial

habits and should aim towards cutting unnecessary expenses.

Allocating funds to separate accounts

Having separate accounts, especially savings account, where different categories

of funds can be kept is another measure that can be implemented to ensure the most

minimal spending.

The allocation of funds to different accounts works better when measures for

ensuring that the allocated funds for a specific purpose are not used for other


For example, an account where regular savings are kept should not have a debit

card to ensure against undue withdrawals.

Restricting luxury expenditure

It has been well established that living below one’s means is a clear-cut method

of building wealth.

In achieving less expenditure and more investments, it is thus important to implement

practical methods of restricting undue spending.

One of such methods that can be implemented is the taxing of such undue expenses.

Taxing these expenses increases the cost of undue expenses thus restricting one

from engaging in them.

For example, for every family vacation, for example, a certain amount must be

put into the savings account, to balance up that expense.

Thus, whenever one thinks of a family vacation, they would consider the cost of the

vacation as well as the saving equivalent and plan properly towards such expenditure.


As much as it is important to save, it is more important to invest savings. A saying

goes thus, “No one ever get wealthy from leaving money in a savings account”.

The mindset of continuous and long-term investments is a necessary mindset for

developing wealth. While investing, it is important to implement certain

important measures such as balancing one’s saving portfolio with long and

short-term investments.

It is also important to focus on low-risk investment options and seek appropriate

financial advice as necessary.

Reducing debt

A common feature of the different types of loans is the interest they attract. As

a result, reducing debt is an effective measure for ensuring less expenses, saving

more and investing more.

Debt reduction measures should be applied across all forms of debts, from credit

card debts to college loan debts.

A certain proportion of one’s regular income should thus be set aside for servicing

debt and ensuring a healthy credit profile.

Ultimately, financial freedom can be attained when one adopts measures of appropriating

income to achieve the most minimal spending and best saving.PLEASURE READING SOME KINDLE FREE BOOKS YEAR 2023