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Topic: Planning avoids unnecessary expenses - page 5. (Read 1094 times)

hero member
Activity: 1302
Merit: 516
Bitcoin Casino Est. 2013
March 18, 2023, 06:32:24 PM
Planning before implementation might sound like a good idea but if care is not taken one can still backslide during implementation. That being said, Pele - one of the greatest footballers already said  "No one can win a game by himself". The best way is to welcome ideas and possibly team up with someone.

If the plan is to start a business with a bigger contract in the long term, it is better to choose someone to work with. But if planning is just for yourself, I don't think it's necessary to involve other people into your personal matters because usually someone who is broken and fails to develop is also caused by someone you already trust too much. You can see examples of several other people who have made previous plans even though they are for different plans in terms of spending.

A person will always be more easily destroyed by his own friends if he trusts a friend too much and opens up every personal thing that he should keep secret for others (including his own friends). So you also need to sort this out in more detail before making a plan for something better, because knowing the purpose of the plan will also be much better before directly trusting someone to implement something.
legendary
Activity: 1806
Merit: 1161
March 18, 2023, 05:57:50 PM
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

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.
hero member
Activity: 1792
Merit: 507
March 18, 2023, 02:10:32 PM
#99
~snipped~
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.

You are right sir, but something came into me to say; I quote from my uncle who said "what an elder will seat and see even though you climb an iroko tree you can never see it". Actually this quote made me very weak after I finished discussing with him, car or taxi business is good but also considered the risk involved will drive, to me is too risky because it involves life and death. Driving means your life is at 50/50 whenever you are driving on the highway and one had an accident there is every probability one could lose his life.

Boiled down to the landed property,  flood is not permanent, as a matter of fact within the South South region was filled with water in my country and after 30 days plus all water were off and you gets back your lands applicable with buildings. As per government taking over your property, this might be one might have committed any fraudulent activity or building in an unauthorized place before the government could seized up your belongings. So my dear friend, I have reasoned it verbally and quantitatively before paying heed to him.
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
hero member
Activity: 1428
Merit: 653
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March 18, 2023, 01:31:45 PM
#98
~snipped~
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.

You are right sir, but something came into me to say; I quote from my uncle who said "what an elder will seat and see even though you climb an iroko tree you can never see it". Actually this quote made me very weak after I finished discussing with him, car or taxi business is good but also considered the risk involved will drive, to me is too risky because it involves life and death. Driving means your life is at 50/50 whenever you are driving on the highway and one had an accident there is every probability one could lose his life.

Boiled down to the landed property,  flood is not permanent, as a matter of fact within the South South region was filled with water in my country and after 30 days plus all water were off and you gets back your lands applicable with buildings. As per government taking over your property, this might be one might have committed any fraudulent activity or building in an unauthorized place before the government could seized up your belongings. So my dear friend, I have reasoned it verbally and quantitatively before paying heed to him.
hero member
Activity: 2114
Merit: 619
March 18, 2023, 01:15:59 PM
#97
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.
Obviously yes. I remember the old quote saying, failing to plan is actually planning to fail. So technically whenever you are not planning anything you are sure that it will lead to losses and unnecessary expenses only for sure. But always keep some buffers in your budgets because it's a sure shot thing that you are going to miss it, in that time you should keep your emergency funds in your armoury so that if anything happens you don't have to go for borrowing.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
March 18, 2023, 01:02:52 PM
#96
~snipped~
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.
full member
Activity: 1050
Merit: 110
March 18, 2023, 12:56:03 PM
#95
For me life must have a concept of planning so that it can save us from unnecessary expenses that can conflict in the future. It's like having a map to guide us toward our destination, helping one avoid detours that can lead to financial problems. But sometimes it often goes off the rails too. At least we'll all be grateful for that later.

Though life is not always goes as it plans that is why we should be prepared what path we are going to like in this unexpected expenses if we have savings or funds about this then it means we are prepared and we can tackle this problem. Only the cons is that if you are just only earning minimum and it is only enough for your needs. That is the time if you want to be prepared find another source of income so that you can achieve those your plans
it is the best way, looking for more income to cover all possibilities that cannot be estimated.
in this life we have planned in such a way as to maintain the financial stability that we have, but sometimes many unexpected things happen, such as losing control in life or disasters that occur, we cannot be prepared because that time will come by itself, but what we have to do is try our best to keep saving and looking for other income if time still allows and our income is still lacking.
I have stopped going to market unnecessarily unless there is something important.
I have stopped online purchase and sudden purchase too.
This is a big drains so much money
member
Activity: 840
Merit: 23
March 18, 2023, 12:42:17 PM
#94
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.
I'm a spendthrift, so I always go beyond my monthly budget, and sometimes borrow from my investments which I repay the moment I get my money back anyways. So this goes to show that not only do you have to have a plan, you gotta follow it through as well because plans are just a rule for you to follow, and some rules could be broken. With that being said, it's inherently great to always plan your expenses as that is the first step towards effectively knowing how to budget, because at least now you where your money is coming from and where it's going to. Ultimately, the journey towards being financially literate in practice is a little arduous so the dedication is necessary to pull through.
hope you know, not all expenses are planned and funny enough, the unplanned expenses some times are usually funds draining.
Don't get me wrong please, it's necessary to plan for expenses but while on it, plan for the expenses you don't expect.
hero member
Activity: 1120
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Livecasino.io
March 18, 2023, 09:42:12 AM
#93

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.
I am in between a spendthrift and a "spendster". It depends. Sometimes I want to spoil myself and spoil myself well. At other times, I am tight fisted. This may sound contrary and like an unpopular opinion but I also plan for unnecessary expenses too. Never to be cut unawares or unprepared. It makes keeps balance between my savings and expenses. Planning for unnecessary expenses is something I learned back in college from a professor of psychology. He said chaos exist because most people let life catch them off guard. So to not be caught off guard you must plan your life in the most conscientious and meticulous manner.
hero member
Activity: 630
Merit: 611
March 18, 2023, 09:32:38 AM
#92
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.
A careful preparation and planning will always be needed before we will do something. because doing anything without a prior plan is simply an act that is considered reckless. Likewise in a financial management we are required to make a plan that is arranged as effectively as possible. adapted to all situations and times. and backup plans also need to be prepared . when we fail to carry out the main plan then we must have a backup plan that is executed in anticipation of failure.
member
Activity: 868
Merit: 12
March 18, 2023, 09:12:33 AM
#91
Planning before implementation might sound like a good idea but if care is not taken one can still backslide during implementation. That being said, Pele - one of the greatest footballers already said  "No one can win a game by himself". The best way is to welcome ideas and possibly team up with someone.
legendary
Activity: 2534
Merit: 1338
March 17, 2023, 11:07:53 PM
#90
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.
Having a plan is indispensable to reach your desired financial success, but at the same time we need to be adaptable and capable to take decisions on the spur of the moment if there is a need for it, this is key because it is almost impossible to consider every single eventually that it could present itself, so while being able to adapt to the circumstances is a must this does not mean giving up on our goals, and if anything if we take advantage of the opportunities that present themselves we may reach our goal even faster than our most optimistic predictions.
hero member
Activity: 1498
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March 17, 2023, 06:55:45 PM
#89
Sometimes expenses goes beyond your budget and planning, if that happens will you deprive yourself of the access to the money? We can always have a budget plan for our daily needs and expenses, but cannot be overly dependent on because of unforeseen circumstances which can arrive at any time.
The aspect of expenses it comes as result of demand or individual needs, I believe that your wants and inflation in the country determine the rate of expenses, secondly much expenses can be caused by lack of management and plan's,  so many things factors can comes as results of expenses, forget about budget, because budget  is planed, and any finance or funds been spent by budgets is not a negative expenditure from my perspective.
hero member
Activity: 2730
Merit: 632
March 17, 2023, 05:42:32 PM
#88
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.
Sticking to plan is a must thing but we know that in life which there are really that unexpected things that could happen which means that you would really be sometime needed to divert and always have that
Plan B's so that you would be able to handle things up because we know that not everything would really comes to plan on which there are really moments or times which you would really be needing
to adjust and face off on whatever things it might be. Expenses is inevitable but if you are earning an income which is sufficient only on your needs then it would really be not
wise on pursuing out things which is out of your budget.
hero member
Activity: 2926
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No dream is too big and no dreamer is too small
March 17, 2023, 04:52:42 PM
#87
In a way yeah but there are some unexpected expenses that planning can not avoid.

Quick tip: you can have an emergency fund(or whatever you want to call it — maybe unexpected expense fund) for exactly these types of circumstances where you have unexpected expenses/bills. So yea, it still can be planned.
Unexpected events and circumstances are inevitable that’s why if we can prepare and save funds for it, that will be a lot way better. That is to save us from panicking on where to get the funds that is currently needed. If you can save and plan your expenses as much as possible, you can avoid bigger problems later on.
hero member
Activity: 2744
Merit: 588
March 17, 2023, 04:41:42 PM
#86
The best thing is that you had to learn this lesson the hard way, and now at least you can make changes in the future based on what you have learned. From the proverb "he that does not plan is planning to fail" from your story whenever you remember the cars and all the tragic incidents it's all a painful situation, living a luxurious life that you could not afford, and phones that are beyond your budget. I really appreciate the information you provided, and I think planning is crucial in onces life with this you can avoid unnecessary expenses.

Experiencing failure will truly give you a very good lesson to remember in your lifetime.
People will only understand the situation after they surpassed such trial in their life.
Planning will only makes sense to some people if at one point in their lives, they did experience such test with their financial situation.
Also, at a young age, you have very different goals in life as compared to when you grow older, as you become wiser.
And to add, once you have your own family and kids depending on you, you definitely will change your financial decisions.
The OP lived an extravagant lifestyle once, and then, going broke. Once he got out of this miserable situation, I would say, he will know his choices in life already.
sr. member
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March 17, 2023, 04:39:05 PM
#85
The best thing is that you had to learn this lesson the hard way, and now at least you can make changes in the future based on what you have learned. From the proverb "he that does not plan is planning to fail" from your story whenever you remember the cars and all the tragic incidents it's all a painful situation, living a luxurious life that you could not afford, and phones that are beyond your budget. I really appreciate the information you provided, and I think planning is crucial in onces life with this you can avoid unnecessary expenses.
member
Activity: 1232
Merit: 12
March 17, 2023, 10:18:02 AM
#84
It is very difficult to be able to control expenses according to plan, after I experience various financial problems then I will sell the house that I will use for capital, I plan to buy a cargo car for me to use as a traveling merchant, I will sell fresh sea fish, vegetables and fruit, I sure to be successful with this strategy.
hero member
Activity: 980
Merit: 947
March 16, 2023, 04:27:27 PM
#83
Of course it's nice if we can fully control our expenses or living costs, it's not easy to do something like that especially when we are already married, even when I was single it was very difficult to avoid the temptation of unexpected expenses, now everything is easier if we can have a strong commitment to be strict in spending, don't eat at restaurants too often, it's better to bring food that we prepare ourselves at home.
I did not notice the difference in saving when you are on your own or have a family. Of course, it is important that this be a mutual decision of the whole family and not just you, because otherwise nothing will work out.

I believe that budget planning is a very important moment for every family, otherwise financial problems will bring many other problems that can become critical for the family.
hero member
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Merit: 687
March 16, 2023, 04:10:47 PM
#82
Of course it's nice if we can fully control our expenses or living costs, it's not easy to do something like that especially when we are already married, even when I was single it was very difficult to avoid the temptation of unexpected expenses, now everything is easier if we can have a strong commitment to be strict in spending, don't eat at restaurants too often, it's better to bring food that we prepare ourselves at home.
Proper planning and money management is something that should really be in default specially if we do only earn sufficient or really just that small on day to day living, which it would really be just that right that

we should really be that mindful when it comes to spendings.Yes, it is really that true that you would really be having a financial problem if you do really just make out some unwise spendings.
It is really just that right that you should really be that depending on how much you do income or gain and then you should really be that keen on spending above those limits.
You would really be putting up yourself into trouble if thats the case.
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