usually we spend money according to our prestige, this is what makes us stressed. If we only have enough money for one month, but instead want to buy luxury goods, we end up borrowing money from other people or even banks that charge interest, which makes us stressed. learning not to be prestige is the best way to manage money, I totally agree with the first point.
We have to spend money considering our location. Nothing but the luxury of spending money beyond what one can afford. Before you figure out how you spent the money, you must stop borrowing money. If you earn money, spend it again, and after spending it, borrow money from others and spend it again, then your money income has no value. If we see that we have to spend on loans even after spending our monthly salary, then first of all we should avoid taking that loan and try to last a month with monthly salary. When you can go completely for a month with the monthly salary, then you have to try to save some money from the monthly salary to go for a month with the remaining money. 
Topic: How to avoid over expenses and have discipline - page 10. (Read 2407 times)
Sometimes expenses are difficult to predict every month, even though we have detailed everything, there are always urgent needs that require us to incur additional costs
Perhaps the most important thing is to get into the habit of saving a fixed amount every month, so that we can have reserve funds when needed, and are always productive in seeking additional financial input, so that we can meet our main needs.
I have a breakdown of my exact expenses every month, I think I have to make sure to see how much I spend, and I also don't forget to always prepare extra money every month to be ready if there are urgent needs or sudden expenses. And from there I can set aside money to save and also I allocate and to invest. Perhaps the most important thing is to get into the habit of saving a fixed amount every month, so that we can have reserve funds when needed, and are always productive in seeking additional financial input, so that we can meet our main needs.
I always differentiate money for saving and money for investing, why? yes it is a form of my preparation so that I don't have to sell my investment when something urgent happens in the future because I still have savings money ready for me to use.
This form of planning we must do, even though we never get into trouble but we don't know what will happen in the future, and when we don't prepare it will be a bigger problem.
You're doing a good job, dude, just continue the activity habit you're developing. And hopefully everyone will learn the right handling of money and how it will be used. So that we don't end up being the ones who end up having problems. I admire people like you who can do such things in terms of spending.
Because planning is like a relationship that should be appreciated, strive to make plans happen for the things that are necessary and important in every day or monthly bill. And above all, discipline is also important.
usually we spend money according to our prestige, this is what makes us stressed. If we only have enough money for one month, but instead want to buy luxury goods, we end up borrowing money from other people or even banks that charge interest, which makes us stressed. learning not to be prestige is the best way to manage money, I totally agree with the first point.
Prestige is an attitude that is born when a person does not want to look poor in front of the people around him so that people who feel proud will always find ways to cover up their weaknesses or poverty with various things. Overall or in general it is really not good for anyone to consider prestige in front of many people so that it is recognized as great by everyone, even though in reality one's life is still in debt and it has not been repaid by several parties.
The feeling of prestige is a feeling that can be changed or removed slowly from each of us if we want to live more comfortably and be grateful for what we have now. So if we don't want to experience stress or difficulties in life, manage our finances as well as possible because the basic problem can always arise when we don't have money in life.
Exactly.
Those kind of people will even lend money just to sustain their rich lifestyle even though they can't even afford it, in exchange on just to flex that they have "money" to the people around them. I don't know what kind of mindset is that, since there's no benefits I can think of on doing such kind of thing.
Based on my experience, this type of people never learn, they always do the same thing even after something bad happened to them like they ended up being broke for a certain period of time.
usually we spend money according to our prestige, this is what makes us stressed. If we only have enough money for one month, but instead want to buy luxury goods, we end up borrowing money from other people or even banks that charge interest, which makes us stressed. learning not to be prestige is the best way to manage money, I totally agree with the first point.
Prestige is an attitude that is born when a person does not want to look poor in front of the people around him so that people who feel proud will always find ways to cover up their weaknesses or poverty with various things. Overall or in general it is really not good for anyone to consider prestige in front of many people so that it is recognized as great by everyone, even though in reality one's life is still in debt and it has not been repaid by several parties.
The feeling of prestige is a feeling that can be changed or removed slowly from each of us if we want to live more comfortably and be grateful for what we have now. So if we don't want to experience stress or difficulties in life, manage our finances as well as possible because the basic problem can always arise when we don't have money in life.
Saying to have discipline is easier than actually leading a disciplined life.
I know a lot of people who claim to be disciplined but cannot change their eating habits.
As many times we lie to ourselves.
To be a disciplined person is not easy. Especially if it concerns financial management. To be disciplined takes time and we have to get used to it gradually. Sometimes we have to force ourselves to do it. But if we are used to it, discipline will become easier. Well it was quite difficult at first. But when you get used to it, everything will feel easier.I know a lot of people who claim to be disciplined but cannot change their eating habits.
As many times we lie to ourselves.
I used to be a wasteful person. But there was something that pushed me to change my life for the better. Well, I'm also not a person who has good discipline. But I'm trying to become a disciplined person. And sometimes to be disciplined we have to have something that drives us to do it. But in the end we are only human. and we can't be perfect people.
However, sometimes good things are discovered or born because of compulsion by circumstances or encouragement from circumstances that require us to do so.
I am disciplined in managing finances only because my family's needs are high so I have to manage it properly until finally these good things stick because of habit.
I have a breakdown of my exact expenses every month, I think I have to make sure to see how much I spend, and I also don't forget to always prepare extra money every month to be ready if there are urgent needs or sudden expenses. And from there I can set aside money to save and also I allocate and to invest.
I always differentiate money for saving and money for investing, why? yes it is a form of my preparation so that I don't have to sell my investment when something urgent happens in the future because I still have savings money ready for me to use.
This form of planning we must do, even though we never get into trouble but we don't know what will happen in the future, and when we don't prepare it will be a bigger problem.
I always differentiate money for saving and money for investing, why? yes it is a form of my preparation so that I don't have to sell my investment when something urgent happens in the future because I still have savings money ready for me to use.
This form of planning we must do, even though we never get into trouble but we don't know what will happen in the future, and when we don't prepare it will be a bigger problem.
But lucky you as you are still able to budget your money, a lot of people right now that are having a headache because again it is the end of the month, they will receive their salary, they will then pay for the bills and also food on which they will try to budget it but it is not enough, though the solution on this is having another source of income if ever our income is just enough for sure we know how to budget or I don't know with other people but mostly I've known they really budgeting their money because if not we will struggle and forgot to pay other bills.
I also started small and it was a process and a sacrifice because I needed to stabilize my finances first before I could do what I can do now.
Good plan like that needs to execute the right way. If you have such kind of discipline, the chance that you will not
overspent your money and chance to be more stable in the future or in your retirement is possible.
It's hard to budget, but with willingness and determination to have a good life in your future, you will be able to
established a good and balance money management.
More on how you plan and how you perform to avoid making a mistake in spending your money.
I made it a habit to divide my expenses into 3 categories and I'm sure everyone already knows this, primary, secondary and tertiary. I started to eliminate my spending defensively on tertiary needs, because if you think about it, we spend more on tertiary needs, even though it's not something that is mandatory for us for me personally. There has to be sacrifice and suppressing our desires.
Saying to have discipline is easier than actually leading a disciplined life.
I know a lot of people who claim to be disciplined but cannot change their eating habits.
As many times we lie to ourselves.
To be a disciplined person is not easy. Especially if it concerns financial management. To be disciplined takes time and we have to get used to it gradually. Sometimes we have to force ourselves to do it. But if we are used to it, discipline will become easier. Well it was quite difficult at first. But when you get used to it, everything will feel easier.I know a lot of people who claim to be disciplined but cannot change their eating habits.
As many times we lie to ourselves.
I used to be a wasteful person. But there was something that pushed me to change my life for the better. Well, I'm also not a person who has good discipline. But I'm trying to become a disciplined person. And sometimes to be disciplined we have to have something that drives us to do it. But in the end we are only human. and we can't be perfect people.
I've learn a lot in finance how im going to save and invest my money because of cryptocurrency I start to change my mindset and stop just spending my profit, I start to listen to a lot of financial podcast that could help me how to be dicipline and budget my salary and investment at the same time.
One thing I learn is to always keep track of your expenses, sometime when we have rhe money and it just quickly disappear because of our spending and we are not aware that we already doesnt have the money, it is just because we are not keeping track of what we buy. We i started to do it I always manage and keep the budget on. One of the best advise that i get is simple not to buy what you cant afford as well as, invest more than spending, if your going to do that i could guarantee that your going to have a great savings and finance.
One thing I learn is to always keep track of your expenses, sometime when we have rhe money and it just quickly disappear because of our spending and we are not aware that we already doesnt have the money, it is just because we are not keeping track of what we buy. We i started to do it I always manage and keep the budget on. One of the best advise that i get is simple not to buy what you cant afford as well as, invest more than spending, if your going to do that i could guarantee that your going to have a great savings and finance.
I agree with you and I like how different this is from others' answers about keeping a budget. See, tracking expenses is different from keeping a budget. More often than not, tracking the expenses we make (may it be on a daily, weekly, or monthly basis) allows us to have a better start when we start doing our budgeting. According to BCA's web post tackling the benefits of tracking expenses, keeping track of how much you spend, what you spent it to, and why provides 5 general benefits to us. First, it allows us to what our expenses are generally used for like is it for necessities, luxury, or health expenses. Second, it allows us to have an idea of the general average of our daily, weekly, and monthly expenses as it is vital for us to know if we are spending more than what we normally do during some days. Next, it helps us identify necessary and unnecessary expenses, basically showing us if we are wasting money by buying things we don't even need or end up not using. Additionally, as I stated earlier, tracking expenses helps us make financial planning or budgeting easier as it already gives us an idea of how much we usually spend, how much money we need, and how much we should be able to save or invest. Lastly, it gives us an idea of where our limit should be as we already have a general knowledge of our average expenses, hence if we overpass that we can easily stop or limit ourselves.
Source (web post): https://www.bca.co.id/en/informasi/Edukatips/2023/03/20/03/57/manfaat-mencatat-pengeluaran-yang-perlu-kamu-ketahui
usually we spend money according to our prestige, this is what makes us stressed. If we only have enough money for one month, but instead want to buy luxury goods, we end up borrowing money from other people or even banks that charge interest, which makes us stressed. learning not to be prestige is the best way to manage money, I totally agree with the first point.
And that's why majority of us are poor, because we don't have the discipline to control our finances. We just want to buy luxury things that if you have to look at it, it's all nothing and we even don't know if we are going to used it or not.
That's why the OP has laid down some tips. I know it's very difficult to really control ourselves not to spend and buy things around. And so it takes a lot of mental discipline to not over expense and save enough money for the rainy days.
Precisely, if you realized things like that, you will start to develop on how to manage your finances,
Buying what you need and not what you want is something that needed to have a strong will to control, most of the time
when you already earning money, your expenses also increase as you think that it's already affordable since you are seeing
it from your hold money that you can pay for it, not realizing or thinking of saving, which would help you a lot in terms of
financial stability.
I've learned a lot in finance about how I'm going to save and invest my money because of cryptocurrency I started to change my mindset and stop just spending my profit, I started to listen to a lot of financial podcasts that could help me how to be disciplined and budget my salary and investment at the same time.
One thing I learned is to always keep track of our expenses, when we have the money it just quickly disappears because of our spending and we are not aware that we already don't have the money, it is just because we are not keeping track of what we buy. We i started to do it I always managed and kept the budget on. One of the best pieces of advice that I get is simply not to buy what you can afford as well as, to invest more than spending, if you going to do that I can guarantee that you're going to have great savings and finance. What I always do is always invest a big amount probably around 40% up to 60% of my salary then budget it with only around 10% that I can use for spending.
One thing I learned is to always keep track of our expenses, when we have the money it just quickly disappears because of our spending and we are not aware that we already don't have the money, it is just because we are not keeping track of what we buy. We i started to do it I always managed and kept the budget on. One of the best pieces of advice that I get is simply not to buy what you can afford as well as, to invest more than spending, if you going to do that I can guarantee that you're going to have great savings and finance. What I always do is always invest a big amount probably around 40% up to 60% of my salary then budget it with only around 10% that I can use for spending.
usually we spend money according to our prestige, this is what makes us stressed. If we only have enough money for one month, but instead want to buy luxury goods, we end up borrowing money from other people or even banks that charge interest, which makes us stressed. learning not to be prestige is the best way to manage money, I totally agree with the first point.
And that's why majority of us are poor, because we don't have the discipline to control our finances. We just want to buy luxury things that if you have to look at it, it's all nothing and we even don't know if we are going to used it or not.
That's why the OP has laid down some tips. I know it's very difficult to really control ourselves not to spend and buy things around. And so it takes a lot of mental discipline to not over expense and save enough money for the rainy days.
Sometimes expenses are difficult to predict every month, even though we have detailed everything, there are always urgent needs that require us to incur additional costs
Perhaps the most important thing is to get into the habit of saving a fixed amount every month, so that we can have reserve funds when needed, and are always productive in seeking additional financial input, so that we can meet our main needs.
I have a breakdown of my exact expenses every month, I think I have to make sure to see how much I spend, and I also don't forget to always prepare extra money every month to be ready if there are urgent needs or sudden expenses. And from there I can set aside money to save and also I allocate and to invest. Perhaps the most important thing is to get into the habit of saving a fixed amount every month, so that we can have reserve funds when needed, and are always productive in seeking additional financial input, so that we can meet our main needs.
I always differentiate money for saving and money for investing, why? yes it is a form of my preparation so that I don't have to sell my investment when something urgent happens in the future because I still have savings money ready for me to use.
This form of planning we must do, even though we never get into trouble but we don't know what will happen in the future, and when we don't prepare it will be a bigger problem.
But lucky you as you are still able to budget your money, a lot of people right now that are having a headache because again it is the end of the month, they will receive their salary, they will then pay for the bills and also food on which they will try to budget it but it is not enough, though the solution on this is having another source of income if ever our income is just enough for sure we know how to budget or I don't know with other people but mostly I've known they really budgeting their money because if not we will struggle and forgot to pay other bills.
And prioritize this budget for important expenses that we have to spend every month because they have become part of life, such as electricity, water, installments or house rent if any, basic needs and so on that we have to prioritize for a month's needs. However, this must also be adjusted to income, and if it is deemed insufficient then it must be cut or used sufficiently, and if it is still insufficient. There is no other choice but to look for a side job or additional income to cover everything. And it would be better if the overall income was more, it could be used to save and invest even in small amounts.
If you arent that wise or having no proper planning when it comes to expenses then you would be having that huge problem afterwards. Dont make yourself put on a situation or condition on which you might be ending up on thinking on having suicide because you can no longer resolve your money problems. This is why while its still early then it would really be just that wise that you should really be that
mindful about your spending and dont overdo or spend on something useless or not useful at all.
usually we spend money according to our prestige, this is what makes us stressed. If we only have enough money for one month, but instead want to buy luxury goods, we end up borrowing money from other people or even banks that charge interest, which makes us stressed. learning not to be prestige is the best way to manage money, I totally agree with the first point.
And that's why majority of us are poor, because we don't have the discipline to control our finances. We just want to buy luxury things that if you have to look at it, it's all nothing and we even don't know if we are going to used it or not.
That's why the OP has laid down some tips. I know it's very difficult to really control ourselves not to spend and buy things around. And so it takes a lot of mental discipline to not over expense and save enough money for the rainy days.
usually we spend money according to our prestige, this is what makes us stressed. If we only have enough money for one month, but instead want to buy luxury goods, we end up borrowing money from other people or even banks that charge interest, which makes us stressed. learning not to be prestige is the best way to manage money, I totally agree with the first point.
I take precautionary measures to ensure that what i spent my money on are things that worth it, i look into my budget plans on long and short term basis, strategize how to engage what to spend money on and how the value is in term of priority, i also itemized the list and consider the needs in demand on every item before spending money on them, then there are other demands we should be careful with when people are requesting from us to lend them money because such may not be recoverable.
Sometimes expenses are difficult to predict every month, even though we have detailed everything, there are always urgent needs that require us to incur additional costs
Perhaps the most important thing is to get into the habit of saving a fixed amount every month, so that we can have reserve funds when needed, and are always productive in seeking additional financial input, so that we can meet our main needs.
I have a breakdown of my exact expenses every month, I think I have to make sure to see how much I spend, and I also don't forget to always prepare extra money every month to be ready if there are urgent needs or sudden expenses. And from there I can set aside money to save and also I allocate and to invest. Perhaps the most important thing is to get into the habit of saving a fixed amount every month, so that we can have reserve funds when needed, and are always productive in seeking additional financial input, so that we can meet our main needs.
I always differentiate money for saving and money for investing, why? yes it is a form of my preparation so that I don't have to sell my investment when something urgent happens in the future because I still have savings money ready for me to use.
This form of planning we must do, even though we never get into trouble but we don't know what will happen in the future, and when we don't prepare it will be a bigger problem.
But lucky you as you are still able to budget your money, a lot of people right now that are having a headache because again it is the end of the month, they will receive their salary, they will then pay for the bills and also food on which they will try to budget it but it is not enough, though the solution on this is having another source of income if ever our income is just enough for sure we know how to budget or I don't know with other people but mostly I've known they really budgeting their money because if not we will struggle and forgot to pay other bills.
And prioritize this budget for important expenses that we have to spend every month because they have become part of life, such as electricity, water, installments or house rent if any, basic needs and so on that we have to prioritize for a month's needs. However, this must also be adjusted to income, and if it is deemed insufficient then it must be cut or used sufficiently, and if it is still insufficient. There is no other choice but to look for a side job or additional income to cover everything. And it would be better if the overall income was more, it could be used to save and invest even in small amounts.
Sometimes expenses are difficult to predict every month, even though we have detailed everything, there are always urgent needs that require us to incur additional costs
Perhaps the most important thing is to get into the habit of saving a fixed amount every month, so that we can have reserve funds when needed, and are always productive in seeking additional financial input, so that we can meet our main needs.
I have a breakdown of my exact expenses every month, I think I have to make sure to see how much I spend, and I also don't forget to always prepare extra money every month to be ready if there are urgent needs or sudden expenses. And from there I can set aside money to save and also I allocate and to invest. Perhaps the most important thing is to get into the habit of saving a fixed amount every month, so that we can have reserve funds when needed, and are always productive in seeking additional financial input, so that we can meet our main needs.
I always differentiate money for saving and money for investing, why? yes it is a form of my preparation so that I don't have to sell my investment when something urgent happens in the future because I still have savings money ready for me to use.
This form of planning we must do, even though we never get into trouble but we don't know what will happen in the future, and when we don't prepare it will be a bigger problem.
Good plan like that needs to execute the right way. If you have such kind of discipline, the chance that you will not
overspent your money and chance to be more stable in the future or in your retirement is possible.
It's hard to budget, but with willingness and determination to have a good life in your future, you will be able to
established a good and balance money management.
More on how you plan and how you perform to avoid making a mistake in spending your money.
Sometimes expenses are difficult to predict every month, even though we have detailed everything, there are always urgent needs that require us to incur additional costs
Perhaps the most important thing is to get into the habit of saving a fixed amount every month, so that we can have reserve funds when needed, and are always productive in seeking additional financial input, so that we can meet our main needs.
I have a breakdown of my exact expenses every month, I think I have to make sure to see how much I spend, and I also don't forget to always prepare extra money every month to be ready if there are urgent needs or sudden expenses. And from there I can set aside money to save and also I allocate and to invest. Perhaps the most important thing is to get into the habit of saving a fixed amount every month, so that we can have reserve funds when needed, and are always productive in seeking additional financial input, so that we can meet our main needs.
I always differentiate money for saving and money for investing, why? yes it is a form of my preparation so that I don't have to sell my investment when something urgent happens in the future because I still have savings money ready for me to use.
This form of planning we must do, even though we never get into trouble but we don't know what will happen in the future, and when we don't prepare it will be a bigger problem.
But lucky you as you are still able to budget your money, a lot of people right now that are having a headache because again it is the end of the month, they will receive their salary, they will then pay for the bills and also food on which they will try to budget it but it is not enough, though the solution on this is having another source of income if ever our income is just enough for sure we know how to budget or I don't know with other people but mostly I've known they really budgeting their money because if not we will struggle and forgot to pay other bills.
Sometimes expenses are difficult to predict every month, even though we have detailed everything, there are always urgent needs that require us to incur additional costs
Perhaps the most important thing is to get into the habit of saving a fixed amount every month, so that we can have reserve funds when needed, and are always productive in seeking additional financial input, so that we can meet our main needs.
I have a breakdown of my exact expenses every month, I think I have to make sure to see how much I spend, and I also don't forget to always prepare extra money every month to be ready if there are urgent needs or sudden expenses. And from there I can set aside money to save and also I allocate and to invest. Perhaps the most important thing is to get into the habit of saving a fixed amount every month, so that we can have reserve funds when needed, and are always productive in seeking additional financial input, so that we can meet our main needs.
I always differentiate money for saving and money for investing, why? yes it is a form of my preparation so that I don't have to sell my investment when something urgent happens in the future because I still have savings money ready for me to use.
This form of planning we must do, even though we never get into trouble but we don't know what will happen in the future, and when we don't prepare it will be a bigger problem.
Sometimes expenses are difficult to predict every month, even though we have detailed everything, there are always urgent needs that require us to incur additional costs
Perhaps the most important thing is to get into the habit of saving a fixed amount every month, so that we can have reserve funds when needed, and are always productive in seeking additional financial input, so that we can meet our main needs.
Perhaps the most important thing is to get into the habit of saving a fixed amount every month, so that we can have reserve funds when needed, and are always productive in seeking additional financial input, so that we can meet our main needs.
That is so true, that's why we really need to put everything down and so that we can manage some expenses and maybe put aside money for that one as we really don't know what the future holds.
Saving is not that really hard, it's that for some, we have impulse to buy anything that we don't actually need. And that's why we really commend people who can actually save money whether in banks or crypto just like the majority of us and have the mental discipline.
Unexpected expenditure we can track actually with some conclusions from the previous months that became the basic material for the reference for the budget, so this returned to you where to save it for unexpected events that cost the previous time to be moved to the following month .
And honestly, budget planning is just a picture of it, it does not mean that fix expenditure for the next month so do not be fixated on the budget, it is only made for your limits in spending the next month, naturally many unexpected expenses, but should In the budget you can shift it and / or postpone it to cover the unexpected budget.
To regulate income is difficult, how much productivity you are, but the most important thing is in financial management, and financing budgets, for certain economy classes that have income limits or minimal salary count should not exaggerate desires that are not useful, it is better to use resources to fulfill That desire is to develop yourself and deepen your abilities so that your position is better if you have a deep ability in the field.
Saying to have discipline is easier than actually leading a disciplined life.
I know a lot of people who claim to be disciplined but cannot change their eating habits.
As many times we lie to ourselves.
I know a lot of people who claim to be disciplined but cannot change their eating habits.
As many times we lie to ourselves.
Discipline or consider is not easy, because many people suggest to do it and require time in forming their habits, but it's okay, little by little, the longer you succeed in the discipline of a thing, then also apply to other things So that you have good discipline, especially in finance.
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