#FinanceFridays: "It's not about how much money you make, it's about how much money you keep."

Do you believe this to be true? What are your thoughts? Comment in the area below with your perspective on this saying by Rich Dad, Poor Dad's, Robert Kiyosaki.

Time and time again, we encounter people that complain that they don't make enough money, but what happens when we challenge the opposite to be true, that "it's not about how much money you make, it's about how much money you keep"?

When it comes to the world of budgeting and money management, I believe this saying to be true to a certain extent. We still need to make a living wage and have our necessities such as food, shelter, and clothing covered at the bare minimum (I'm not talking luxury here but talking about the bare necessities to have rent, basic food, and basic clothing covered by our regular monthly pay).

Over and above the living wage, this is where budgeting and money management skills become effective and put the saying "it's not about how much money you make, it's about how much money you keep" into daily, consistent action. I use a monthly no-spend tracker to track non-essential spending days and when my non-essential spending grows, I take the time out to journal about the why's of my spending. Perhaps I am more stressed at work than usual, or maybe my spending is a matter of convenience than necessity. I take the time to journal about my thoughts and behaviour so to mitigate my non-essential spending the following days and weeks.

Budgeting also helps to keep our money on track. Each pay check, I budget where each dollar and penny will go, whether it's necessities or a little bit of fun money to get me going through to the other weeks... everything is budgeted. That brings me to your money management tips? Do you have any tips that would put this saying into action, that "it's not about how much you make, it's about how much money you keep"? I'd love to know in the comments below. Signed, Filipina Budget Girl.