Topic: Planning avoids unnecessary expenses - page 6. (Read 1010 times)

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

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.

Patience is the key to success - one should do things with time and learning. Doing the proper homework is the one of the finest way of doing thing.

Narrative is quite good in the principle of life that you prepare, but in many places of practice it does not go as smooth as expected, right?Accidents cannot be predicted and anyone does not want to get the accident. However, a person must have a backup plan in living life, for example preparing special savings or long-term planning to start investment, so that the level of financial capability that we get will be useful when things are not wanted.

Anyone should avoid unnecessary purchases and luxurious lifestyles, because we cannot predict financial conditions what will happen in the future, people who have more abilities even more efficient than those of us who have standard income, herein lies the mistakes of many people in planning life.

Learn from your mistake, you tried to live like an elite person even though you do not have capacity to maintain that kind of living, it can serves a lesson not only for you but to the readers to this thread. There's nothing wrong in living an extravagant lifestyle, and I'm sure that this is probably the main goal of majority of the people. The problem is people are trying to live an extravagant lifestyle without sufficient cashflow, they do not have enough asset that will give them income that they can use to buy things that they want. They only have liabilities and it is the reason why they are not good financially. I want to have an extravagant lifestyle in the future and the current action that I'm doing is I keep building my self especially my mental fortitude because for me it is the most important then my second focus is my money making skills. I know avoiding unnecessary expenses like eating outside, drinking, or even buying new things.

People who have money does not always bother themselves about savings because they have investment that would keep giving them consistent profits. We need to be prepared and ready to create businesses that would keep giving us profits employing people to work for us while we are the one making the money. There are different things we can do to keep generating consistent profits while are asleep. This is how the rich people make there money so we need to create our own business from scratch and grow to a level of substantial.

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 should have health Insurance, or always include in your budget expense for medical emergencies, this can be a different budget from the money you keep for other domestic emergency situations in your home. If you always have a budget for medical situations, you will be able to sort out little medical bills.

If you are not good planning out how you spend your money, you can see help from people who are good at it. Someone who naturally does not know how to plan for anything, will also suck at planning out their expenses.

If you're only life in simple and doesn't buy a lot expensive thing, you don't need to care to set a budget for anything including for health insurance because you will always have a lot money due to your simple life style. Sometime your medical bills can be higher than your expect, so it's better to life simple and have a lot money to prevent from anything bad might happen in the future.

You should have health Insurance, or always include in your budget expense for medical emergencies, this can be a different budget from the money you keep for other domestic emergency situations in your home. If you always have a budget for medical situations, you will be able to sort out little medical bills.