Page 20 - THE SCAM OF RICHES

every day, especially if you habitually eat out. And you may totally faint when you

see how much you have been doling out as gifts to everyone that asks. It will be an

eye opener.

After you have tracked your money disposal pattern for a month, you would be in a

better position to make a realistic budget for yourself. Then you can go ahead to

make a budget for yourself which can look something like this:

Living expenses 50%

Gifts 20%

Savings 30%

Or

Living expenses 50%

Gifts 10%

Savings 40%

Work out a sharing formula that is suitable to you.

The savings should be removed immediately it hits your account and sent by direct

debit instruction into a special savings account with no ATM card for ready

withdrawal. From there, you should then move it into a chosen and appropriate

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