Yes considering our income we must reduce our unnecessary expenses otherwise it will be difficult to meet our daily expenses for sure. And on the other hand we will not have savings so if we face any problem like illness it will be very complicated to prevent it. So of course being cost effective and cutting unnecessary costs is very important to us. Otherwise we will never be able to organize our lives and leave something for our future generations.
If our income is sufficient then there will be no problem in spending unnecessarily. But to make yourself a successful, smart and rich person, unnecessary expenses must be eliminated
Topic: Planning avoids unnecessary expenses - page 4. (Read 1010 times)
Yes, if we talk about desires, maybe I'm the same as you, when I see new things or new items, somehow I really want to have them without knowing the purpose and benefits of these items so that regrets come at the end of the day.
Sometimes it's hard to tell the difference between a need and a want, now I realize this doesn't amount to much in real life and only makes my expenses bigger.
And now I'm trying to get rid of lifestyle habits, I prefer to save part of my salary to buy something more important and useful.
Thank you for sharing your experience. It's important to learn from our mistakes and prioritize financial planning, avoiding impulsive decisions and living beyond our means. Setting goals, creating a budget, and practicing self-discipline can help us make better financial decisions and achieve long-term financial stability.
Making decisions, planning and also self-discipline is something that is very mandatory for everyone to have because it is part of the technique in life to be successful. Because no one is successful with messy planning and disorderly discipline in his life, so things like what you say have become things that must be carried out by everyone who has the goal of being successful in the future. 
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.
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.
although the wealth that we have today has met all the needs of life and even has been lost, but for the problem of expenses, of course, we must be able to manage it well if expenses are not too important, it would be nice to avoid it because it will waste our money without any benefits, of course it is not good, when we buy an item that we need must also be considered properly so that the expenses we use are not in vain, And we have to reflect on when we're still struggling because it's precious when we're successful.
Plan is a must especially when we go travelling, having it will allow us to know what are the possible expenses that we will spent during the vacation. Some plans might not happen as it is but its still okay since we have tracker to follow on what to do next. I guess we should have do plan b or c also so we have other option if the plan a doesnt work. If we go on vacation without having plan, we cant monitor the money that we can used unlike if we have plan we can limit ourserlves to not get short on that trip. Especially if you are not a rich people that have lots of money, plan is a good one.
I am an impulsive buyer and I buy instantly - This habit has given me a lot of damage. Yes, if we talk about desires, maybe I'm the same as you, when I see new things or new items, somehow I really want to have them without knowing the purpose and benefits of these items so that regrets come at the end of the day.
Sometimes it's hard to tell the difference between a need and a want, now I realize this doesn't amount to much in real life and only makes my expenses bigger.
And now I'm trying to get rid of lifestyle habits, I prefer to save part of my salary to buy something more important and useful.
Thank you for sharing your experience. It's important to learn from our mistakes and prioritize financial planning, avoiding impulsive decisions and living beyond our means. Setting goals, creating a budget, and practicing self-discipline can help us make better financial decisions and achieve long-term financial stability.
Many time in our life we are hit by luck and many time we are hit by bad luck.
Sometime planning doesn't even work. Having a good game plane fails most of the time. It has happened with me many times
Sometime planning doesn't even work. Having a good game plane fails most of the time. It has happened with me many times
However, planning is still necessary. If something doesn't work, it means that an error has crept into the analysis. The quality of the analysis is a very important point. In addition, a proper assessment of the costs in terms of feasibility is necessary. Often what you want to buy is not the right thing to buy.
Many time in our life we are hit by luck and many time we are hit by bad luck.
Sometime planning doesn't even work. Having a good game plane fails most of the time. It has happened with me many times
Sometime planning doesn't even work. Having a good game plane fails most of the time. It has happened with me many times
However, planning is still necessary. If something doesn't work, it means that an error has crept into the analysis. The quality of the analysis is a very important point. In addition, a proper assessment of the costs in terms of feasibility is necessary. Often what you want to buy is not the right thing to buy.
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.
Always a great idea to plan your activities and expanses for today and tomorrow. Once you make some mistake then you will know the importance of making planning of expanses. Maybe you can seek for consultant so you can maintain your financial better if you can afford to hire one but doing it yourself is manageable to do and you can become a better person if you do it personally. 
My mom came to visit us this week, she came yesterday and she is leaving sunday so she will not be staying too much and that's sad, I wish she could have stayed al to longer but my dad is all alone when she is gone and they still love each other so much that they don't like spending any time apart, which is lovely to see in their age so I don't mind and usually I go to visit them. The part that is relevant to this topic is that, even though it is just a few days, my finances are already ruined, why? Because for the past 2 days I have been taking here on all the sights to see, and all the restaurants that are nice, can't just order KFC for her you know, so it may not be "unnecessary expense" because we are talking about my mom, and spending quality time with her is amazing, but it is definitely unexpected and wild expense that I can't afford, sometimes it just happens and you have to forget about economy and enjoy life for a while before you go back to living a normal life and pay off your debts.
Planning avoids unnecessary expenses because when one fails to plan, he has planned to fail. So planning helps one to cut his unnecessary expenditure by carefully analysing and knowing what's best for him at a particular time. Scale of preference is only used by those who plan ahead of time which is why they would identify their essential needs, buy those essential needs thereby saving themselves from unnecessary spending. So it's actually very good to plan before spending
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.
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.
To be honest, I've always been a little jealous of people who live luxurious lives and spend a lot of money.
In my picture of the world, spending money is always associated with vivid emotions and an interesting lifestyle. Saving money and planning every day is the other extreme in my opinion. In my opinion, the dream of a bright and interesting life encourages a person to look for opportunities to multiply his income.
And without this dream, it is impossible to increase your income (a person simply will not be motivated to change his life and look for new opportunities).
Therefore, in my opinion, in addition to planning, you need to dream a lot. This gives motivation to be successful and achieve new results.
Financial planning and budgeting is like an atlas map in the hand of the captain of a ship he doesn't sail out of course and he at every moment knows his position where he has reached and what to do next ahead. Same applies to a man with a good financial plan it helps prune unhealthy expenses that are fruitless and out of plan. Planning give value to your money for every penny spent and the outcome for good planning is more and more output.
Correct. Careful planning can indeed help cut unnecessary expenses. although sometimes there will be situations where we may be forced to spend more money. such as when sick and the like are called unexpected costs. But because we already have mature financial planning, of course we are prepared for the unexpected. because of course we have prepared an emergency fund to handle it. which means having a plan is an important thing that everyone must have even in all other matters outside the financial sector.
Financial and risk management, these sciences should be taught to children from grade 1! As practice has shown, this is especially "good" in difficult times, crises, etc. - the majority of the population does not even know the basic rules of financial literacy! Rampant consumption, loans and debts exceeding the planned income, the absence of any savings ..... All this is an indicator of complete illiteracy, financial illiteracy. There are people to whom I just on my fingers, with the help of a sheet of paper and a pen, showed in 5 minutes that bankruptcy is a guaranteed final in literally 6-12 months if no action is taken. By the way, probably in 75% of cases - the main problem that financial illiteracy brings with it - is the use of loans and installments, which really do not make money for life. Moreover, things are bought that are not really critically important or significant! And then people are already FORCED to take loans for LIFE, and few people find a good way out of this vicious circle....
I think the easiest thing to be able to control expenditure or unexpected costs is to limit out of the house, when we leave the house, it is certain that there will be many unexpected expenses, another thing is to continue to increase the source of income so that it can cover unexpected costs or not interfere with routine income .
I used to be a compulsive buyer before and I just buy whatever I can afford regardless if I need it or not but I realized that I'm not saving anything out of my salary. The pandemic came and it really hit me hard financially. From then, I realized the importance of proper budgeting and self-discipline. I have seen the importance of saving and planning because could save your life in the future. I agree that planning for what we want to achieve at the right time is too important than being a compulsive buyer. We have to control ourselves from spending too much especially if it isn't necessary.
Financial planning and budgeting is like an atlas map in the hand of the captain of a ship he doesn't sail out of course and he at every moment knows his position where he has reached and what to do next ahead. Same applies to a man with a good financial plan it helps prune unhealthy expenses that are fruitless and out of plan. Planning give value to your money for every penny spent and the outcome for good planning is more and more output.
Many time in our life we are hit by luck and many time we are hit by bad luck.
Sometime planning doesn't even work. Having a good game plane fails most of the time. It has happened with me many times
Sometime planning doesn't even work. Having a good game plane fails most of the time. It has happened with me many times
However, planning is still necessary. If something doesn't work, it means that an error has crept into the analysis. The quality of the analysis is a very important point. In addition, a proper assessment of the costs in terms of feasibility is necessary. Often what you want to buy is not the right thing to buy.
at least planning will reduce the worse impact of what we will spend on the money we think we have. Yes, the possibility of the plan failing because we don't calculate it properly, the points we consider are not in all aspects of the financial spending policy. yes, sometimes what we want just comes without us arranging it and we deliberately buy it, of course that kind of thing will ruin the plans we have made some time ago, if someone has strong financial principles I think it will be better to manage himself and his wishes not important.
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There is a says that said "The harder you works the more luckier you become successful"...you can't keep sleeping and expect luck or miracle to happen sir, ma is really arguable.
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I read every line of your story and I like the perspective you shared. However, there could've been another dimension to the whole thing if everything had gone awry, don't you think so? I said that because I've seen both private and residential buildings burnt to ground zero and the invested cash gone. I've seen filling stations burnt down too. I've seen people's lands bought with their hard earned money grabbed by government and other grabbers. I've seen lands swallowed by flood and rendered useless. This is to show you that every investment is a risk. Have you ever thought that if you had gone into the taxi business it would've turned out better for you? It could be.I remember when I was getting into this online trading stuff and family members didn't support it. They wanted me to focus strictly on offline doings. Today, I'm better off and happier that I didn't heed their advice. Sometimes, it's good to stick to one's gun. I'm just saying, anyway.
Sometime planning doesn't even work. Having a good game plane fails most of the time. It has happened with me many times
There is a says that said "The harder you works the more luckier you become successful".
We aren't living by luck but we are being living by planning, any man who doesn't plan well is as well planning to fail just as they said "Early to bed early to rise" you can't keep sleeping and expect luck or miracle to happen sir, ma is really arguable.
The only thing you need in life is to locate the area where you are best suited in life to succeed, being successful in life doesn't mean you doing any job to be successful; hence you need to pay attention to what you knows how to do very well that is where your destiny lays.
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