Keep track of your cash

What about a cup of coffee? 'That sounds good. Oh no!

I only have HK$20 left and I only withdrew cash on Friday. What happened to it all?'

Money is a rare resource, so scarce that you have to manage it carefully. You need to keep track of where it all goes.

Imagine you are crossing a desert and only have one bottle of water. You have to treasure every single drop! Now think of your wallet as that bottle and your cash as the water.

To avoid 'leaks', you must know what you are spending. Cash, like water, is a limited resource. What you use to buy one thing, you cannot use to buy another.

By recording your expenses, you can be sure that you have the funds available to get what you really want.