Topic: How to avoid over expenses and have discipline - page 16. (Read 2495 times)
There are some really good propositions in the subject, but this is a subject directly related to will, and will is a metaphysical phenomenon that yields positive results only under strict rules and repetition. I do not give up my principles even for 1 cent. I adhere to my principles to avoid overspending and to save money. I have seen in my life experience that when I start to compromise for 1 cent, I turn into someone who compromises for 1000 dollars. Of course, I don't always manage to stick to my principles 100% of the time, but when I get out of control, I can see what I'm doing wrong.
I particularly liked your point 4. Make the 24 hour rule. I think it’s practicable and if done right, could help put off unnecessary spending.
Irrelevant purchases often happen on a whim and most people tend to give in to those urges to buy what would seem then to be urgently needed.
But if you could just put off buying that item for a while, you would realize you don’t really need it.
It's wise if we buy what we need, not what we want.Irrelevant purchases often happen on a whim and most people tend to give in to those urges to buy what would seem then to be urgently needed.
But if you could just put off buying that item for a while, you would realize you don’t really need it.
But I don't think everyone can do this because it is very difficult to do. However, if we can respect the decisions we have made to be wiser in allocating finances, this will be easier to do.
I personally haven't been able to fully do that, sometimes if I go to the supermarket or look at the online Shop when I want to buy the things I need there are always useless items that go into the basket.
This thing is not a difficult task if only one can stand by his/her decisions and never to expend money just to impress people but only go for exactly what is needed.
Focus on your needs, and disregard your wants. I know you will still be able to afford all your wants in the future if you become financially stable and secured. For now, know those things that are necessary for your survival and stick to it. That way, you will only spend within your budget and within your means, which means no overspending that will eventually ruin your financial plans. Always discipline yourself when it comes to financial matters. That’s the only way so you won’t end up relying in your debt and just learn to live within your means.
Prioritize your needs indeed and its not really that bad to buy up sometimes with our wants as a form of reward from our hardwork but you should really know your limits and be responsible on such act.People do usually mess out on the time that they would really be spending on things which arent that important or really that in priority on which on the time that they have seen that their needs are
already depleting and they cant buy something then this is where they would usually be freaking out.If you are really just that mindful about your priorities and responsibilities then you wont really be able to experience such problem.Usually people do only learn up things when its too late. Its a basic and common principle and condition on which majority of us do really experience out.
How much more if you do have your own family to raise? Spending out something which its not really that important and simply wasting up your money would really be bring out that disaster.
We know that we cant really be having that income forever or something that huge problems do kicks in.
Focus on your needs, and disregard your wants. I know you will still be able to afford all your wants in the future if you become financially stable and secured. For now, know those things that are necessary for your survival and stick to it. That way, you will only spend within your budget and within your means, which means no overspending that will eventually ruin your financial plans. Always discipline yourself when it comes to financial matters. That’s the only way so you won’t end up relying in your debt and just learn to live within your means.
Whenever you will buy something, always check if it is a need or a want.
Because that will help you gauge if you really need the item or not.
This simple technique also help me in curbing down my unnecessary expenses.
If you will just follow your desires, it will be too late before you realized, you already spent a large sum of money
for something you won't really need for the next coming days.
Always remember that those savings will help you in desperate times where nobody can send help to you.
Focus on your needs, and disregard your wants. I know you will still be able to afford all your wants in the future if you become financially stable and secured. For now, know those things that are necessary for your survival and stick to it. That way, you will only spend within your budget and within your means, which means no overspending that will eventually ruin your financial plans. Always discipline yourself when it comes to financial matters. That’s the only way so you won’t end up relying in your debt and just learn to live within your means.
you can't really avoid spending too much, especially if you're extravagant. But if you can discipline yourself and control yourself, I think it's easy for you to save here. Set a budget for the month you will spend and then save the excess, but of course you also need to save for emergencies so you don't touch your savings.
I know it's very difficult, especially controlling yourself to not spend. But I think that if you do it, you will get used to it and it will be easy for you. Just don't be hard on yourself
It looks easy to manage finances and discipline in managing finances. But it's true, as described above, we need to try, even though we can't be one hundred percent successful, at least we can manage financial expenditure that is right on target.I know it's very difficult, especially controlling yourself to not spend. But I think that if you do it, you will get used to it and it will be easy for you. Just don't be hard on yourself
* buy what is needed rather than what is wanted (training the brain to think more).
* Buy something with durable quality and the selling price doesn't drop (practicing the return value assessment doesn't burn in vain) is like buying luxury goods.
* Detailed data discipline (practicing meticulous cultural habits not leaking in vain) is hard to come by, don't easily waste it.
* don't underestimate small values....if there is investment....there are also emergency savings....you will be surprised after it has accumulated for so long...it looks less valuable but once collected it has even more value.
If you are wise in managing money, you will surely develop and life must have definite targets. For example buying property, bitcoin (this is what I like because there's no loss). There is a saying "Save the base of the rich". So be diligent in saving and investing.
you can't really avoid spending too much, especially if you're extravagant. But if you can discipline yourself and control yourself, I think it's easy for you to save here.
You are actually contradicting yourself. Discipline or self control over unnecessary spendings are actually a way of "avoiding" spending too much. I'm not sure what you actually mean by that, but it sounds absolute contradictory statement to me.
On the other hand, saving would never be easy, usually if the source of income comes only from your day job. Without a side hustle, I'm most certain that it's never gonna be easy to save.
you can't really avoid spending too much, especially if you're extravagant. But if you can discipline yourself and control yourself, I think it's easy for you to save here. Set a budget for the month you will spend and then save the excess, but of course you also need to save for emergencies so you don't touch your savings.
I know it's very difficult, especially controlling yourself to not spend. But I think that if you do it, you will get used to it and it will be easy for you. Just don't be hard on yourself
I know it's very difficult, especially controlling yourself to not spend. But I think that if you do it, you will get used to it and it will be easy for you. Just don't be hard on yourself
You can avoid overspending if you budget your expenses very well, it's called overspending because you're spending on things that doesn't matter and when you realized that you can then easily reduced your spending. For example, if you were using an Uber, you can stop using them and go with buses or taxi for your transportation and you would have saved costs on transportation. Same thing can be done for other areas of you life and you'll have a good spending habits.
Many individuals are living above their income and that's why they don't have savings as they have too many expenses they have to handle but if they only reduced their standard of living, they'll have enough savings to handle other important expense and invest for the future.
Isn't it stressful when we spend more than expected, right? especially if we follow a budget, having a smart spending habit is a good way to avoid such situations or events.
1. Make a realistic budget
In budgeting it is important that we consider everything. It should be realistic and achievable, It cannot be said that the budget is only 20$ for a week for food if you are 8 people who will eat at home. Plan what to eat every day and budget for it. Write down all the ingredients or how much to buy and how much it will cost in pmashae or gasoline if there is a car. Do everything with consideration and do it consistently.
Stop yourself from buying things you don't need, like buying coffee at starbucks when you can just buy 3 in 1 sachet coffee that just tastes like coffee. Because if we cannot prevent such expenses, include them in the budget.
2. Find out what triggers the cost
It's important that we know this if it's stress, boredom, pressure from friends, need to follow the trend and so on. It is important that we have discipline in these things if you want to avoid overspending. For example, if you're bored, you hang out online shopping at Lazada, Amazon, and others, this habit should be replaced with something more productive, such as cleaning the house and others where you can avoid it and do something good.
3. Break down luxury expenses
Try to list the things you have spent and separate the luxury and the things you have spent. It is important that you know what is really needed and the word I deserve it.
4. Make the 24 hour rule
This rule helped me when I was building in this way. Because when I want to buy something, I put it off for 24 hours, and during this time I learn how to assess these things. Usually the excitement we experience disappears immediately after a few hours. You imagine the sacrifices you will make when you accomplish them. Like the small savings you have or sometimes we will even borrow the money we will use here. At least in this way we can avoid impulsive buying or bursts of emotion.
5. Set a budget
Allocate a limit on expenses, know all areas of expenses from food, rent, electricity, water, shopping and other things related to spending. Once you set all of your spending limits, make sure to follow them and do it because everything will be ignored if you don't do it.
1. Make a realistic budget
In budgeting it is important that we consider everything. It should be realistic and achievable, It cannot be said that the budget is only 20$ for a week for food if you are 8 people who will eat at home. Plan what to eat every day and budget for it. Write down all the ingredients or how much to buy and how much it will cost in pmashae or gasoline if there is a car. Do everything with consideration and do it consistently.
Stop yourself from buying things you don't need, like buying coffee at starbucks when you can just buy 3 in 1 sachet coffee that just tastes like coffee. Because if we cannot prevent such expenses, include them in the budget.
2. Find out what triggers the cost
It's important that we know this if it's stress, boredom, pressure from friends, need to follow the trend and so on. It is important that we have discipline in these things if you want to avoid overspending. For example, if you're bored, you hang out online shopping at Lazada, Amazon, and others, this habit should be replaced with something more productive, such as cleaning the house and others where you can avoid it and do something good.
3. Break down luxury expenses
Try to list the things you have spent and separate the luxury and the things you have spent. It is important that you know what is really needed and the word I deserve it.
4. Make the 24 hour rule
This rule helped me when I was building in this way. Because when I want to buy something, I put it off for 24 hours, and during this time I learn how to assess these things. Usually the excitement we experience disappears immediately after a few hours. You imagine the sacrifices you will make when you accomplish them. Like the small savings you have or sometimes we will even borrow the money we will use here. At least in this way we can avoid impulsive buying or bursts of emotion.
5. Set a budget
Allocate a limit on expenses, know all areas of expenses from food, rent, electricity, water, shopping and other things related to spending. Once you set all of your spending limits, make sure to follow them and do it because everything will be ignored if you don't do it.
That is some really good advice and tips, but there is definitely a fine line to walk which can vary with age. There is no point saving all your money and living like a pauper in your 20's and 30's only to realize that your body cannot perform as well in your 40's and 50's. When you are young you should definitely maximize your energy, travel as much as possible to broaden your horizons and even waste money occasionally trying different things even if you figure out they are rubbish. However you should avoid being too materialistic or chasing the latest phone or car, which can be expensive to own, in order to give the appearance that you're richer and for no other reason.
I think it’s best whenever you’re going shopping to first have a list of whatever you’re going to need to buy. Having a list in your hands could help keep you focused on the exact things you need and also helps to keep irrelevant items away from your basket.
Being careful in what to spend money on is not only about having a list of what you intend to buy at the mall or other narkets, what is important is being discipline. If you are not discipline then you could make some spendings not listed in your book because you allowed yourself to be distracted into something else. There is no rule that says if you have written something on a paper then you can't change the figures but it is discipline that will make you not to change it. Therefore someone who is discipline not to over spend outside his budget would not do that no matter the distraction.
It's wise if we buy what we need, not what we want.
But I don't think everyone can do this because it is very difficult to do. However, if we can respect the decisions we have made to be wiser in allocating finances, this will be easier to do.
I personally haven't been able to fully do that, sometimes if I go to the supermarket or look at the online Shop when I want to buy the things I need there are always useless items that go into the basket.
But I don't think everyone can do this because it is very difficult to do. However, if we can respect the decisions we have made to be wiser in allocating finances, this will be easier to do.
I personally haven't been able to fully do that, sometimes if I go to the supermarket or look at the online Shop when I want to buy the things I need there are always useless items that go into the basket.
It takes real discipline for anyone to have and keep with a set budget and it’s more harder for someone who spends extravagantly. But if we could be disciplined enough to follow through on a set budget, resisting the urge to purchase things that isn’t necessary, we would make better financial choices.
I think it’s best whenever you’re going shopping to first have a list of whatever you’re going to need to buy. Having a list in your hands could help keep you focused on the exact things you need and also helps to keep irrelevant items away from your basket.
Actually people wants luxury life therefore they cannot manage their funds easily. If they do each activity according to planning then it will not be hard to live a life according to the budget and also save some amount.
There are lots of activities which are not necessary but people are involved in it like a person can eat well at home but everyone wants to eat at expensive restaurants. Restaurants are so expensive that if a single person eat at Restaurant then that money will be enough to feed five people at home.
If there is no saving at the end of month then try to know that what are the things which you should not do to save money. I don't say that living a luxury life is bad but I want to say that if everyone lives according to his budget and salary and do not Compare life with others then no will be sad in his life due to shortage of money.
There are lots of activities which are not necessary but people are involved in it like a person can eat well at home but everyone wants to eat at expensive restaurants. Restaurants are so expensive that if a single person eat at Restaurant then that money will be enough to feed five people at home.
If there is no saving at the end of month then try to know that what are the things which you should not do to save money. I don't say that living a luxury life is bad but I want to say that if everyone lives according to his budget and salary and do not Compare life with others then no will be sad in his life due to shortage of money.
you can't really avoid spending too much, especially if you're extravagant. But if you can discipline yourself and control yourself, I think it's easy for you to save here. Set a budget for the month you will spend and then save the excess, but of course you also need to save for emergencies so you don't touch your savings.
I know it's very difficult, especially controlling yourself to not spend. But I think that if you do it, you will get used to it and it will be easy for you. Just don't be hard on yourself
I know it's very difficult, especially controlling yourself to not spend. But I think that if you do it, you will get used to it and it will be easy for you. Just don't be hard on yourself
Perhaps this isn't on your list, but it holds immense significance for me – the art of shaping Financial Objectives.
Frequently, we stash away funds devoid of a distinct purpose, save for the simple notion of accumulating wealth. Yet, it would prove wiser to harbor a robust rationale behind every savings endeavor. Once your objectives are vividly outlined, like say, amassing funds to purchase a home outright, eschewing installment plans, that's where your commitment gains its mettle.
There's no need for grandeur in these aims; commence with the minutiae. Begin by stowing away for a novel musical instrument, a conduit for your passion, or any other commendable aspiration.
Why isn't living in the forest on the OP's list? lolFrequently, we stash away funds devoid of a distinct purpose, save for the simple notion of accumulating wealth. Yet, it would prove wiser to harbor a robust rationale behind every savings endeavor. Once your objectives are vividly outlined, like say, amassing funds to purchase a home outright, eschewing installment plans, that's where your commitment gains its mettle.
There's no need for grandeur in these aims; commence with the minutiae. Begin by stowing away for a novel musical instrument, a conduit for your passion, or any other commendable aspiration.
I 100% agree and saving is the dream of many people including me. But we don't realize it when we look at it from a policy perspective where the government demands that we buy goods at high prices, taxes, electricity, living water amidst instant food and much more. Can we really apply this rule at home with different types of people's habits. Certainly not
Even though we uphold the house rules, the fact is we can't be selfish just to be a keen idealist. Because if we look at the surrounding conditions and live in society, we will know better what the reality is, needs and desires will always be there. I will not deny and advise what in real life I don't do at all.
5. Set a budget
Allocate a limit on expenses, know all areas of expenses from food, rent, electricity, water, shopping and other things related to spending. Once you set all of your spending limits, make sure to follow them and do it because everything will be ignored if you don't do it.
I think this is the most important and every household should set a monthly budget to better control their finances. Even for people that never looked at their finances in the past this shouldn't be to difficult. Just start at the first of a month and write every expense you have and every time you spend money. Use excel and list every item separately to make a very detailed analysis. In case you mostly spend money via credit cards this is even easier as you can just export your monthly statement. After a month you already have all your expenses listed and you can summarize them into necessary and unnecessary costs. With that number you already have a fixed budget for all necessary items and for the unnecessary items you should try and save as much money as possible from it.
I particularly liked your point 4. Make the 24 hour rule. I think it’s practicable and if done right, could help put off unnecessary spending.
Irrelevant purchases often happen on a whim and most people tend to give in to those urges to buy what would seem then to be urgently needed.
But if you could just put off buying that item for a while, you would realize you don’t really need it.
I agree, and yes it is true. The 24 hours (or more) you spend wondering and making realizations regarding the product/service you are thinking of purchasing really helps you decide on whether or not it is worth purchasing or not. Most often than not, we things we buy on a whim just end up not giving any value to us, after a few days of use we get tired of it and that's when we realize that we just wasted a good amount for something that did not provide much use to us. Irrelevant purchases often happen on a whim and most people tend to give in to those urges to buy what would seem then to be urgently needed.
But if you could just put off buying that item for a while, you would realize you don’t really need it.
It needs to be understood that this does look complicated, like calculating expenses within 24 hours, but that is just the beginning to form principles in daily money management, after getting used to it, without us having a written plan, we have an image and we know what we have we buy and we don't buy, more precisely we will have limits regarding the use of money in everyday life.
4. Make the 24 hour rule
This rule helped me when I was building in this way. Because when I want to buy something, I put it off for 24 hours, and during this time I learn how to assess these things. Usually the excitement we experience disappears immediately after a few hours. You imagine the sacrifices you will make when you accomplish them. Like the small savings you have or sometimes we will even borrow the money we will use here. At least in this way we can avoid impulsive buying or bursts of emotion.
Some people just want to impress other people, buying to show off, very few rich people walks out of such lifestyle still remaining rich, majority come out broke with debts.
I particularly liked your point 4. Make the 24 hour rule. I think it’s practicable and if done right, could help put off unnecessary spending.
Irrelevant purchases often happen on a whim and most people tend to give in to those urges to buy what would seem then to be urgently needed.
But if you could just put off buying that item for a while, you would realize you don’t really need it.
Irrelevant purchases often happen on a whim and most people tend to give in to those urges to buy what would seem then to be urgently needed.
But if you could just put off buying that item for a while, you would realize you don’t really need it.
That is a start to help yourself control from having unwanted expenses that might go over your supposed expenses in that particular week or month, it might be not that easy for the starters but that's just the beginning and just like what others say, beginnings are always the hardest and if you can go through that trouble successfully then you're already in for a much easier path because you now know what to do next.
24 hour rule is made to prevent us from buying what we want instead of taking only the priority needs and if you can survive that 24 hour rule then I guess that means that you don't really need that particular object that you wanted.
Isn't it stressful when we spend more than expected, right? especially if we follow a budget, having a smart spending habit is a good way to avoid such situations or events.
1. Make a realistic budget
In budgeting it is important that we consider everything. It should be realistic and achievable, It cannot be said that the budget is only 20$ for a week for food if you are 8 people who will eat at home. Plan what to eat every day and budget for it. Write down all the ingredients or how much to buy and how much it will cost in pmashae or gasoline if there is a car. Do everything with consideration and do it consistently.
Stop yourself from buying things you don't need, like buying coffee at starbucks when you can just buy 3 in 1 sachet coffee that just tastes like coffee. Because if we cannot prevent such expenses, include them in the budget.
2. Find out what triggers the cost
It's important that we know this if it's stress, boredom, pressure from friends, need to follow the trend and so on. It is important that we have discipline in these things if you want to avoid overspending. For example, if you're bored, you hang out online shopping at Lazada, Amazon, and others, this habit should be replaced with something more productive, such as cleaning the house and others where you can avoid it and do something good.
3. Break down luxury expenses
Try to list the things you have spent and separate the luxury and the things you have spent. It is important that you know what is really needed and the word I deserve it.
4. Make the 24 hour rule
This rule helped me when I was building in this way. Because when I want to buy something, I put it off for 24 hours, and during this time I learn how to assess these things. Usually the excitement we experience disappears immediately after a few hours. You imagine the sacrifices you will make when you accomplish them. Like the small savings you have or sometimes we will even borrow the money we will use here. At least in this way we can avoid impulsive buying or bursts of emotion.
5. Set a budget
Allocate a limit on expenses, know all areas of expenses from food, rent, electricity, water, shopping and other things related to spending. Once you set all of your spending limits, make sure to follow them and do it because everything will be ignored if you don't do it.
I hope this somehow helped us and the community here on the forum.
Other source:
https://www.incharge.org/financial-literacy/budgeting-saving/how-to-cut-your-expenses/
https://www.mymoneycoach.ca/blog/how-to-stop-spending-money-7-tips.html
1. Make a realistic budget
In budgeting it is important that we consider everything. It should be realistic and achievable, It cannot be said that the budget is only 20$ for a week for food if you are 8 people who will eat at home. Plan what to eat every day and budget for it. Write down all the ingredients or how much to buy and how much it will cost in pmashae or gasoline if there is a car. Do everything with consideration and do it consistently.
Stop yourself from buying things you don't need, like buying coffee at starbucks when you can just buy 3 in 1 sachet coffee that just tastes like coffee. Because if we cannot prevent such expenses, include them in the budget.
2. Find out what triggers the cost
It's important that we know this if it's stress, boredom, pressure from friends, need to follow the trend and so on. It is important that we have discipline in these things if you want to avoid overspending. For example, if you're bored, you hang out online shopping at Lazada, Amazon, and others, this habit should be replaced with something more productive, such as cleaning the house and others where you can avoid it and do something good.
3. Break down luxury expenses
Try to list the things you have spent and separate the luxury and the things you have spent. It is important that you know what is really needed and the word I deserve it.
4. Make the 24 hour rule
This rule helped me when I was building in this way. Because when I want to buy something, I put it off for 24 hours, and during this time I learn how to assess these things. Usually the excitement we experience disappears immediately after a few hours. You imagine the sacrifices you will make when you accomplish them. Like the small savings you have or sometimes we will even borrow the money we will use here. At least in this way we can avoid impulsive buying or bursts of emotion.
5. Set a budget
Allocate a limit on expenses, know all areas of expenses from food, rent, electricity, water, shopping and other things related to spending. Once you set all of your spending limits, make sure to follow them and do it because everything will be ignored if you don't do it.
I hope this somehow helped us and the community here on the forum.
Other source:
https://www.incharge.org/financial-literacy/budgeting-saving/how-to-cut-your-expenses/
https://www.mymoneycoach.ca/blog/how-to-stop-spending-money-7-tips.html
Despite that I am having some success over the years, I always learn and apply to live within my means. I don’t want to be a guy wearing bling-blings or looking like a rich dude. I am not rich, and I don’t want to be called that. I would rather be wealthy but I am not there. I’m getting there but as a turtle and not a rabbit.
I do manage my budget very well and knowing my limits, but also have to prepare for unexpected circumstances too (e.g., major computer repair, etc). I pay for my health care and accidental insurance every year just in case something happens to me in the future.
We should put more in our assets than liabilities. I mean real world assets if we can afford like land or real estate property. Also to sustain ourselves and grow our net worth, we’ll just put up a lucrative on-demand business (whether traditional or digital) as we cannot keep working ourselves as employees until we retire.
I particularly liked your point 4. Make the 24 hour rule. I think it’s practicable and if done right, could help put off unnecessary spending.
Irrelevant purchases often happen on a whim and most people tend to give in to those urges to buy what would seem then to be urgently needed.
But if you could just put off buying that item for a while, you would realize you don’t really need it.
It's wise if we buy what we need, not what we want.Irrelevant purchases often happen on a whim and most people tend to give in to those urges to buy what would seem then to be urgently needed.
But if you could just put off buying that item for a while, you would realize you don’t really need it.
But I don't think everyone can do this because it is very difficult to do. However, if we can respect the decisions we have made to be wiser in allocating finances, this will be easier to do.
I personally haven't been able to fully do that, sometimes if I go to the supermarket or look at the online Shop when I want to buy the things I need there are always useless items that go into the basket.
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