THREE REASONS WHY A WORKING PROFESSIONAL IS STRUGGLING FINANCIALLY

 It is the desire of every working professional to achieve financial freedom. Why is it the most of us work so hard but still fail to achieve our set targets?  It is partly because we have not mastered to process of managing our personal finances. 

The failure of save as soon as we earn. There is a temptation to spend all the money we have as soon as our employers pay us. I have met so many working professionals to struggle to make ends meet even after one week of receiving salary. It is critical that a working professional opens a separate account where he or she can save a percentage of their hard earned money after receiving salary.

Failure to use a budget. I have seen so many young working professionals who say they do not need a budget to spend their money. Without a budget it is easy to spend salary on wants instead of needs. A budget is an aid that helps a working professional to analyze their income and expenses so that they can make better financial decisions.

Self comparisons: Many working professionals have a competitive spirit and some times end up spending their hard earned money on unnecessary items and activities. It is critical to understand that the financial journey is an individual one and care must be taken to ensure that we do not spend money on unprioritized expenses.

A working professional can achieve financial freedom if they stick to the right professionals.

For individual and corporate financial literacy training contact :

Coach Phillip Kiryowa 

Personal Finance Coach( CPC)

Certified Master Trainer, Bank of Uganda 

Founder, Advanced Empowerment Link

0752615916


For Financial Freedom and Sustainable Enterprises

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