2 months ago
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Posted On: August 26th 2026, 04:55 am
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This is how I categorize my spending.
After tracking your spending over the last 3 days, let’s take it a step further.
Look at your expenses through 3 simple categories:
NEED — something you genuinely need to spend on.
Think: transport to work, groceries, electricity, data.
WANT — something you want, but can live without.
Think: eating out, buying a new book, getting that ₦15k outfit.
CONVENIENCE — something you could do without, but you’re paying for because it makes life easier.
Think: Bolt instead of public transport, food delivery because you don’t want to cook, paying for express delivery, dry cleaning instead of washing yourself.
And honestly, none of these categories is “bad.”
The goal is to know why you’re spending, so you can decide if the expense is actually worth it to you.
Now, go back to your spending for the last 3 days.
How many of your expenses were NEEDS, WANTS and CONVENIENCE? Haven’t started tracking yet? You can start today! 🫶🏽
After tracking your spending over the last 3 days, let’s take it a step further.
Look at your expenses through 3 simple categories:
NEED — something you genuinely need to spend on.
Think: transport to work, groceries, electricity, data.
WANT — something you want, but can live without.
Think: eating out, buying a new book, getting that ₦15k outfit.
CONVENIENCE — something you could do without, but you’re paying for because it makes life easier.
Think: Bolt instead of public transport, food delivery because you don’t want to cook, paying for express delivery, dry cleaning instead of washing yourself.
And honestly, none of these categories is “bad.”
The goal is to know why you’re spending, so you can decide if the expense is actually worth it to you.
Now, go back to your spending for the last 3 days.
How many of your expenses were NEEDS, WANTS and CONVENIENCE? Haven’t started tracking yet? You can start today! 🫶🏽
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