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Topic: Planning avoids unnecessary expenses (Read 1094 times)

copper member
Activity: 1428
Merit: 253
April 07, 2023, 06:38:14 PM
It's not bad to live a extravagant life if you can afford it, if you don't, then that's bad obviously. Sometimes we're having second thoughts when it comes to spending on things that we wanted, because of the "we only live once" and the part of us that says we should save money instead. It's not bad to buy thing you want from time to time, because you deserve it after all the hard works you've done, but of course limit yourself on things that's too expensive for your budget.

There's a saying that don't spend money that is bigger than your salary, which is very true for you to have something in your savings.

You are right, we must be able to limit ourselves, we must always be able to adjust our expenses so that they are not excessive and must be according to our abilities, being too extravagant is not good but being too frugal is also not good.
No matter how rich we are, if we do not have good and wise planning skills, then the wealth that we have unconsciously will run out quickly.
But even though we are someone who is rich and a good planner, we are not necessarily protected from disasters that can bankrupt us.
So we really have to plan everything as best we can and wisely and always be grateful for what we have now, and if we can have a simple lifestyle that's even better. Whether we will succeed or not later depends on the decree that God has given us.

I want to add a saying "the best plan we have is not better than God's plan"
hero member
Activity: 630
Merit: 611
April 07, 2023, 06:05:26 PM
Everyone has the desire to spend on their dream item even though the price is expensive, they buy it from the results of hard work for months to buy their dream item, based on my opinion that it is not a waste and is not included in the category of unnecessary expenses, unless they have needs that must be prioritized over buy expensive things. Spending on dream items only once or twice based on previous budget planning, but spending on expensive items without planning is a waste because spending the main budget for other needs that are more prioritized.
Correct. as long as this has been carefully planned without disrupting our personal financial condition for the future, of course it doesn't matter if we buy luxury goods that we have wanted for a long time. I also always have things that I dream of. and I always set aside money to save specifically for that. and when it's collected then I buy it. and it can also trigger motivation within us to be more enthusiastic about working hard. sometimes we have to value ourselves. but of course with normal limits that don't fall into the extravagant category.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
April 07, 2023, 05:51:45 PM
You're right about planning to avoid unnecessary expenses. Financial planning is very important, especially when it comes to money and assets. Without a sound financial plan, you will end up losing opportunity to make more money through investments and also end up wasting most of your money for no reason. Also sounds like you learned some good lessons back in your college days. What happened to you is that you had a lot of money all of a sudden and you thought it was enough for you. You were living at the present without thinking about the future, when the present "ended" the future left you broke. But at least you realized it and learnt a lesson from it. Hope you made some changes to your lifestyle.
full member
Activity: 1246
Merit: 103
April 07, 2023, 05:16:50 PM
Is good to plan, don't live your life on a plata of Gold. The first time I had bulk money was during my higher institution days, as a student we know and hear too many things but only few chose to do something, opportunity of MMM, crypto currency and Achievers forum sorry mentioning them here came to me in school and I grasps it and as God may have it, I make a lot of money but the first thing that came to my mind was to buy car, I bought two cars, place one as a taxi and one private use as school big boy but non of this happen to play out well.

The Taxi cab had an accident and piece in bits and I sold it out auction price, same thing happen to the one I was using in school and it was a tragedy scenes, it was sold as Scrabs. I used the remaining money to live extravagant lifestyles, going out with friends, carrying girls to where we can't ordinarily afford bills, buying wears we don't need, gadgets and accessories we don't match our income or status but all this turn out against me. I lost almost everything, for two years after my school I could afford a dime, no job, no source income, I have nothing in my bitcoin wallets, life balls back to zero level.

Today I can boastfully said this not to impress you or give you a plan but is good to plan your life, know what you want per time, avoid impulse buying, avoid competition, avoid extravagant lifestyle, have a routine, draw your scale of preference, learn forgone alternative principles. Life on earth is short if you can't get it right, and life is hell if you're not living it right.

Planning before implementation may sound like a good idea, but if one is not careful, one can still experience setbacks during implementation. Even so, Pele - one of the greatest footballers has said "No one can win the game alone". The best way is to welcome ideas and maybe work with someone
legendary
Activity: 3010
Merit: 1280
Get $2100 deposit bonuses & 60 FS
April 07, 2023, 04:19:16 PM

having a lot of money today will make you have a lot of friends and everyone will follow you with what you say and do. but when you no longer have a lot of money then maybe they will stay away from you. this is the law of life that happens.
therefore in my opinion, manage well the money you have and use your finances wisely. Following that lifestyle only costs money, spend what you need, don't follow too big a desire.

money should not be put at the top of the list. You can't buy real friends with money, and the health spent earning money is very difficult to restore. Life for money is clearly not what we were born for. Money is a pretty big evil. But you realize that only with time.

I can attest that money can't buy real friends but it can help establish friendships, making them real friends is up to our effort.  Although the love of money is the root of all evil, I do not believe that money itself is a big evil.  Money is just a tool for payment, whether it will be used for evil things depends on the user himself.  Money is used to alleviate situations of people who suffered environmental disasters, they are used to buy relief goods and alike.  So money can be said as a pretty big good thing.

I also agree that planning makes us maximize the use of everything since we do make preparations ahead and calculating things to avoid extra expenses in doing things.
hero member
Activity: 2282
Merit: 589
April 07, 2023, 03:34:03 PM
It's not bad to live a extravagant life if you can afford it, if you don't, then that's bad obviously. Sometimes we're having second thoughts when it comes to spending on things that we wanted, because of the "we only live once" and the part of us that says we should save money instead. It's not bad to buy thing you want from time to time, because you deserve it after all the hard works you've done, but of course limit yourself on things that's too expensive for your budget.

There's a saying that don't spend money that is bigger than your salary, which is very true for you to have something in your savings.
Everyone has the desire to spend on their dream item even though the price is expensive, they buy it from the results of hard work for months to buy their dream item, based on my opinion that it is not a waste and is not included in the category of unnecessary expenses, unless they have needs that must be prioritized over buy expensive things. Spending on dream items only once or twice based on previous budget planning, but spending on expensive items without planning is a waste because spending the main budget for other needs that are more prioritized.
legendary
Activity: 1554
Merit: 1139
April 07, 2023, 02:23:13 PM
It's not bad to live a extravagant life if you can afford it, if you don't, then that's bad obviously. Sometimes we're having second thoughts when it comes to spending on things that we wanted, because of the "we only live once" and the part of us that says we should save money instead. It's not bad to buy thing you want from time to time, because you deserve it after all the hard works you've done, but of course limit yourself on things that's too expensive for your budget.

I wouldn't call it extravagant if you can afford it, it's just normal, just life of you and for you. It's okay to spoil yourself once in a while when your income and funds allows you. I have to put them both in context as,
Income implies a steady in flow of money and not what you have to satisfy some need or what and then you find yourself wondering where your next income would come from, that would be the uncool part which means, your bitting more than you can chew.

Your funds having to allow means, after making your budget, you've got some surplus. It mustn't have to be some surplus all the time but, sufficient enough not to course pain in the enjoyment of want.
It's still good to live by some plan, it ensures your not surprised by even an unexpected event.
sr. member
Activity: 1414
Merit: 265
Pepemo.vip
April 07, 2023, 01:10:25 PM
With the current economic and political situation around the world,  where there is too much hustle and chaos already with too much growing inflation  you can't go on with your life unplanned and abrupt . You have to think and plan about each and everything before taking any step either its any investment  or start of new chapters in life you have to think twice .
Everyone is under too much financial burden and trying to meet both end meet so planning can save you from any loss and any mistakes with expenses,  planning helps you to look for alternate ways to do anything which costs less of your time and energy.
sr. member
Activity: 1610
Merit: 264
April 07, 2023, 12:46:44 PM
~
....and this is why I tend to lessen my time opening social media or I could just disconnect my connection to 90% of my friends in there since it is all about just some impulsive buying that I can see there. People should also realize that not everything they see in social media is true. You never really know what happens behind those posts. Those cute couples with luxury car could be couples in toxic relationship and within a crippling debt. Nobody wants to show their struggles in social media so there's that.
legendary
Activity: 1974
Merit: 1108
Free Free Palestine
April 07, 2023, 08:52:12 AM

having a lot of money today will make you have a lot of friends and everyone will follow you with what you say and do. but when you no longer have a lot of money then maybe they will stay away from you. this is the law of life that happens.
therefore in my opinion, manage well the money you have and use your finances wisely. Following that lifestyle only costs money, spend what you need, don't follow too big a desire.

money should not be put at the top of the list. You can't buy real friends with money, and the health spent earning money is very difficult to restore. Life for money is clearly not what we were born for. Money is a pretty big evil. But you realize that only with time.

I don't object to what you say, money is not something that should come first in our lives. But that was only true for society in the past, in today's society, money is being put on top. It sounds heartbreaking, but we need to accept the truth and adapt to it. I also have had close friends since childhood, but when I grow up, people with more money don't want to play with poorer people. They lead a lavish life and play with people of the same class. Every time I think about it, my heart aches, but I need to accept the fact that money is everything, money can buy a lot of things, including friendship and health.
sr. member
Activity: 2436
Merit: 455
April 07, 2023, 08:09:01 AM
It's not bad to live a extravagant life if you can afford it, if you don't, then that's bad obviously. Sometimes we're having second thoughts when it comes to spending on things that we wanted, because of the "we only live once" and the part of us that says we should save money instead. It's not bad to buy thing you want from time to time, because you deserve it after all the hard works you've done, but of course limit yourself on things that's too expensive for your budget.

There's a saying that don't spend money that is bigger than your salary, which is very true for you to have something in your savings.
hero member
Activity: 3010
Merit: 794
April 07, 2023, 06:55:58 AM
Is good to plan, don't live your life on a plata of Gold. The first time I had bulk money was during my higher institution days, as a student we know and hear too many things but only few chose to do something, opportunity of MMM, crypto currency and Achievers forum sorry mentioning them here came to me in school and I grasps it and as God may have it, I make a lot of money but the first thing that came to my mind was to buy car, I bought two cars, place one as a taxi and one private use as school big boy but non of this happen to play out well.

The Taxi cab had an accident and piece in bits and I sold it out auction price, same thing happen to the one I was using in school and it was a tragedy scenes, it was sold as Scrabs. I used the remaining money to live extravagant lifestyles, going out with friends, carrying girls to where we can't ordinarily afford bills, buying wears we don't need, gadgets and accessories we don't match our income or status but all this turn out against me. I lost almost everything, for two years after my school I could afford a dime, no job, no source income, I have nothing in my bitcoin wallets, life balls back to zero level.

Today I can boastfully said this not to impress you or give you a plan but is good to plan your life, know what you want per time, avoid impulse buying, avoid competition, avoid extravagant lifestyle, have a routine, draw your scale of preference, learn forgone alternative principles. Life on earth is short if you can't get it right, and life is hell if you're not living it right.
You are right in many ways because We should not spend on unnecessary things because they are just waste of money.
I have seen that many people who are average in income, try to spend money in watches, Brand cloths and shoes. And that's why they are always in trouble.
I am balanced in my life. I have always savings in my account that will be very helpful in dark times.

Social media is also a big part of this because people are attracted to what they've seen in the social media, which is why they want to buy those branded things even if they will do it on installment or take a loan. They can't control themselves for sure, like they really need to get their wants no matter what they do, and we people who don't want those very expensive brands will stick to only what we can afford. Though that is life for sure, they will learn later on about the things they've done.
I could say that this is really just been part of a human being or something that do talks about being jealous or got easily interested and does like that they would really be liking on also having that on what they do

saw and on the time that you do know that you do have the money then its likely that you would really be buying it and you would be telling to yourself that you could still earn.This kind of mindset does really make you that a big spender which you might be regretting later on specially on the time that you would really be having some financial problem.

We are doing our best to sustain our financial via investment but we know that not all is really that on that condition.
hero member
Activity: 2366
Merit: 594
April 07, 2023, 06:43:41 AM
Is good to plan, don't live your life on a plata of Gold. The first time I had bulk money was during my higher institution days, as a student we know and hear too many things but only few chose to do something, opportunity of MMM, crypto currency and Achievers forum sorry mentioning them here came to me in school and I grasps it and as God may have it, I make a lot of money but the first thing that came to my mind was to buy car, I bought two cars, place one as a taxi and one private use as school big boy but non of this happen to play out well.

The Taxi cab had an accident and piece in bits and I sold it out auction price, same thing happen to the one I was using in school and it was a tragedy scenes, it was sold as Scrabs. I used the remaining money to live extravagant lifestyles, going out with friends, carrying girls to where we can't ordinarily afford bills, buying wears we don't need, gadgets and accessories we don't match our income or status but all this turn out against me. I lost almost everything, for two years after my school I could afford a dime, no job, no source income, I have nothing in my bitcoin wallets, life balls back to zero level.

Today I can boastfully said this not to impress you or give you a plan but is good to plan your life, know what you want per time, avoid impulse buying, avoid competition, avoid extravagant lifestyle, have a routine, draw your scale of preference, learn forgone alternative principles. Life on earth is short if you can't get it right, and life is hell if you're not living it right.
You are right in many ways because We should not spend on unnecessary things because they are just waste of money.
I have seen that many people who are average in income, try to spend money in watches, Brand cloths and shoes. And that's why they are always in trouble.
I am balanced in my life. I have always savings in my account that will be very helpful in dark times.

Social media is also a big part of this because people are attracted to what they've seen in the social media, which is why they want to buy those branded things even if they will do it on installment or take a loan. They can't control themselves for sure, like they really need to get their wants no matter what they do, and we people who don't want those very expensive brands will stick to only what we can afford. Though that is life for sure, they will learn later on about the things they've done.
sr. member
Activity: 1400
Merit: 420
April 07, 2023, 05:49:12 AM
Is good to plan, don't live your life on a plata of Gold. The first time I had bulk money was during my higher institution days, as a student we know and hear too many things but only few chose to do something, opportunity of MMM, crypto currency and Achievers forum sorry mentioning them here came to me in school and I grasps it and as God may have it, I make a lot of money but the first thing that came to my mind was to buy car, I bought two cars, place one as a taxi and one private use as school big boy but non of this happen to play out well.

The Taxi cab had an accident and piece in bits and I sold it out auction price, same thing happen to the one I was using in school and it was a tragedy scenes, it was sold as Scrabs. I used the remaining money to live extravagant lifestyles, going out with friends, carrying girls to where we can't ordinarily afford bills, buying wears we don't need, gadgets and accessories we don't match our income or status but all this turn out against me. I lost almost everything, for two years after my school I could afford a dime, no job, no source income, I have nothing in my bitcoin wallets, life balls back to zero level.

Today I can boastfully said this not to impress you or give you a plan but is good to plan your life, know what you want per time, avoid impulse buying, avoid competition, avoid extravagant lifestyle, have a routine, draw your scale of preference, learn forgone alternative principles. Life on earth is short if you can't get it right, and life is hell if you're not living it right.
You are right in many ways because We should not spend on unnecessary things because they are just waste of money.
I have seen that many people who are average in income, try to spend money in watches, Brand cloths and shoes. And that's why they are always in trouble.
I am balanced in my life. I have always savings in my account that will be very helpful in dark times.
In today's modern world, people are too busy to show off. and everyone more willing to use the brand.  Due to which everyone needs extra money to buy his clothes or other items which is often more than the income. And on the other hand in this modern world everyone is very emotional so everyone gives priority to his hobbies. And because of this, everyone's unnecessary spending rate is very high. But if one wants to live a good and happy life then one must cut unnecessary expenses and save money. But how easy it is for everyone to get it is questionable as it has become a habit for everyone
member
Activity: 1050
Merit: 10
April 07, 2023, 01:20:44 AM
The thing that we don't like is the many unexpected costs, it makes our finances messy because unexpected costs often occur, and I also feel like I have to go into debt when it's a few days before getting my salary because there are a lot of unexpected costs, and what I do at this time is to save all expenditure items.
hero member
Activity: 630
Merit: 611
April 06, 2023, 06:57:06 PM

having a lot of money today will make you have a lot of friends and everyone will follow you with what you say and do. but when you no longer have a lot of money then maybe they will stay away from you. this is the law of life that happens.
therefore in my opinion, manage well the money you have and use your finances wisely. Following that lifestyle only costs money, spend what you need, don't follow too big a desire.

money should not be put at the top of the list. You can't buy real friends with money, and the health spent earning money is very difficult to restore. Life for money is clearly not what we were born for. Money is a pretty big evil. But you realize that only with time.
Money can indeed make us powerful and have many friends. but this should be avoided. it would be better for us not to show off our money to many people just to raise our status in society or to get lots of friends. because when the money disappears from our arms then friends and high social status will also leave us.
we have to work hard to keep earning more money. but we also still have to hold back so that we don't stand out too much when we already have a lot of money. shop only for what is necessary and we must avoid living too extravagantly which will attract the attention of many people.

living simply and maintaining our health are things that make our lives more calm and comfortable.
full member
Activity: 588
Merit: 119
Epsiloan Protocol
April 06, 2023, 05:41:55 PM
Failure to plan make one a failure already. Every success made in life is from a well defined plan. For example, going to store without an adequate plans make you end up in buying unnecessary things leading to a waste of money.
But there are things or moments in life which it doesnt really go well according into your plan which means that you should really be having that back up plan as well which it would really be just right on having this one.

In every plan, there should always be an alternative plan i.e plan B. If plan A doesn't work out well, then plan B should do. Your plan B work as a back up plan just as you have said.
legendary
Activity: 1806
Merit: 1161
April 03, 2023, 06:35:47 PM
Planning to avoid unnecessary expenses I believe that what triggers on people to run into expenses is high test of life because when you have a high test of life you will spend more than your invitation at the more than your income so they are for many people does not plan or strategize for their daily expensive so at least as salary person you have to make sure that you engage yourself into something that will not consume much of your money before the month run off

To learn how to avoid unnecessary expenses, you must first have a strong enough will, because temptations are waiting for us at every step. It is also necessary to learn how to plan expenditures clearly, and to be able to stick to the plan. Although always the unexpected finds us, unfortunately, so it is necessary to have some reserves, and not to live "without brakes"
member
Activity: 686
Merit: 21
April 03, 2023, 04:07:58 PM
Planning to avoid unnecessary expenses I believe that what triggers on people to run into expenses is high test of life because when you have a high test of life you will spend more than your invitation at the more than your income so they are for many people does not plan or strategize for their daily expensive so at least as salary person you have to make sure that you engage yourself into something that will not consume much of your money before the month run off
full member
Activity: 532
Merit: 100
April 03, 2023, 03:57:16 PM

having a lot of money today will make you have a lot of friends and everyone will follow you with what you say and do. but when you no longer have a lot of money then maybe they will stay away from you. this is the law of life that happens.
therefore in my opinion, manage well the money you have and use your finances wisely. Following that lifestyle only costs money, spend what you need, don't follow too big a desire.

money should not be put at the top of the list. You can't buy real friends with money, and the health spent earning money is very difficult to restore. Life for money is clearly not what we were born for. Money is a pretty big evil. But you realize that only with time.

I agree with your statement that money can't buy health and true friends, but if you say money is a big enough crime I don't agree with you, there will be no crime if someone is right and wise in managing their finances.
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