Planning avoids unnecessary expenses

[KingsDen]

Planning is a very essential part of humanity for whatever that is hundred percent planned s 50% achieved.
That is why some smart entrepreneurs claim that they spend 90% of their life planning out on business ideas and strategy and the use only 10% of their life to actualize the plan. This is the reason that an adage said that failure to plan is planning to fail.
This is also the reason we have financial advisors and planners where by any individual that is unable to plan for himself or his family or rather his business or company should engage the services of professional planners to help and achieve his goal.

Op, it is good to know that you have known the important of planning hence forth you would no longer make your first financial mistake.

[Semar Mesem]

If we are still alone or not married, it will be easy to control finances according to plan, but if we are married, let alone have children, it will be difficult to avoid unnecessary expenses, for example, if we have school children, they often snack on food that is already at home , but this is life, sometimes we limit spending and the result is limited income, otherwise if we are not too strict it will be easy to earn.

[gaston castano]

maybe if can, all people will do that, but sometime we have unexpected expenses that should we pay.
or another goods or something you want sunddenly come to your mind.
we can blame that because we are human, we want something and must to buy that, but if we can control that we can control all.

[alastantiger]

Definitely, planning will save you from unnecessary expenses. It is good you plan your life, set goal and budget and stick to the plan. When someone fails to plan, he automatically plan to fail. For instance, if wake up in the morning without any plan in mind about my day that is the first step of failure. I knew of someone who made over $5000 from a business deal, and instead of him to rent an apartment as he was still living with his mom, he want and lodged in an exclusive hotel, bought expensive cloths that are not necessary, chilling with clubs girls day and night. In less that a month, he had accumulated so much debt that he couldn't repay it. He fell into depression and became suicidal.
Planning will save you from extravagant spending.

[kryptqnick]

It's good advice to plan financial expenses and to not overspend on unnecessary things. However, I also believe that it's important to have some monthly money that would go on unnecessary joyful things, such as going to the cinema, buying games on Steam, perhaps buying some clothes or eating out. That's because life should be enjoyed, quality time should be spent with those you care about, and maybe going to expensive restaurants all the time and running out of money is a bad idea, yes, but never spending extra on something, always trying to save up, is just a less enjoyable way of life.

[xSkylarx]

maybe if can, all people will do that, but sometime we have unexpected expenses that should we pay.
or another goods or something you want sunddenly come to your mind.
we can blame that because we are human, we want something and must to buy that, but if we can control that we can control all.

We can prevent this if we have savings or extra funds like an emergency fund or savings for unexpected expenses, but again, this is only applicable for those who have extra money, like if they are spending a lot of money to take out food, then they can save more if they control it. But if our salaries are just enough, then we can mostly end up having savings for emergencies. We can prevent being an impulsive buyer if we are just thinking about it, but there are things like when you need to pay this or give this to your relatives as they need it, so it is still unexpected, which means we are not prepared and you can't prevent it, so having extra money or that kind of savings can save you.

[el kaka22]

This doesn't really require any type of advice or suggestion to make people realize it, right? Like this is literally common sense? I know this because I have grown up knowing this fact but maybe it depends on how you grew up, people who didn't grow up rich knows that when you live in poverty, anything that is bad sets you back months and months, and you can't recover from it.

My father never really had a car for a long time, he had some cars here and there when things looked good, and always had to sell them to pay debt eventually, and did it just recently at the age of 62 as well, he still pays debt. So when you are in poverty, you know this as common sense, it is not really a shocking revelation to me.

[Huppercase]

I love this phrase that says you plan to fail if you fail to plan, this simple sentence covers every aspect of life, there is nothing we can do without planing for it, even right from our birth, our parents planned for it, they planned and sent us to school until we come of age, and the same plans continue as a journey with us the children. If you don't plan your days, unnecessary billings will come right infront of you, this is also why we must spend wisely and don't get influence by what is above our power, we should spend below our limit to avoid debts with don't want.

[freedomgo]

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.

Any unforeseen event cannot be planned actually but you can always chose to plan on how to deal with it by reserving some emergency funds intended to be used only for unexpected case or event. That way, you won’t be struggling looking for money when that emergency case suddenly arise. And I guess in all aspects of our life, we can always chose to plan for them, but we cannot plan on how those sudden events may affect us.

[Woodie]

Is good to plan, don't live your life on a plata of Gold.

If someone has the opportunity to live life on a silver gold plata why deny yourself the good life..someone worked hard to ensure you lived it this way,good stuff don't just fall from the sky..

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.

School days are times of make or break time and most have more cash inflows around this time to make use of all these opportunities that throw themselves at us but it's all about making the right decisions.

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.

Honestly I don't see an issue of spending out of budget but rather a case of someone spending out of frustration after losing two valuables... probably call this trying to forget what happened,but hey we all learn from our mistakes no need of being hard on ourselves this is a normal reaction that anybody would do to try and forget such.

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.

Appreciate the advice buddy but let's also agree that life has no blue print on how to go on with it ..we all have our own path's to live but precautions should be necessary to avoid the pitfalls of life.

[Little_Sister]

Any unforeseen event cannot be planned actually but you can always chose to plan on how to deal with it by reserving some emergency funds intended to be used only for unexpected case or event. That way, you won’t be struggling looking for money when that emergency case suddenly arise. And I guess in all aspects of our life, we can always chose to plan for them, but we cannot plan on how those sudden events may affect us.

Savings for emergency needs must be in financial management, because we cannot predict when funds will be needed. If we save for at least a year, we already have some savings for emergency needs. We have to get used to saving and we have to get rid of extravagance because in this era of crisis it is very difficult to get a job and we have to take advantage of the current job to increase savings during retirement in the future.

[molsewid]

maybe if can, all people will do that, but sometime we have unexpected expenses that should we pay.
or another goods or something you want sunddenly come to your mind.
we can blame that because we are human, we want something and must to buy that, but if we can control that we can control all.

I agree, we all want that kind of thing that when we have emergency needs we have separate money for that the thing is not all people can afford to save money because inflation is real. Here in our country having a one job is not enough, the goods are increase every day and I don't have any other option but to lend sometimes or to use my savings, right now I am looking for another job because of the unexpected scenario as well.

[visionE2]

Savings leaked out. As a result of unexpected expenses in the family environment, you can't, you don't want to have to spend the budget. But keep the spirit and heart "Managing money for the future. The point of finance is not forbidding this forbidding it, but limiting and ensuring making any decisions based on numbers not emotions. What needs to be applied:
1. Budgeting
2. have long term & short term savings
3. Free yourself from debt

[Hydrogen]

I think everyone should try to make a financial plan for how they might someday become a millionaire. Learn more. Make a better plan. Repeat the process. Eventually they might succeed. If they do not achieve their goals, the learning experience could still be a big benefit to them. Is it fair to say, everyone starts out as a white belt when it comes to profits and earning capital. Over time they can grind and level up to become a black belt. Its a healthy growth process which does not require special skills, a phd, special qualifications or a 200 point IQ. The door is open to anyone and everyone. Its the same as playing pokemon where you start out the game with nothing and eventually you learn new skills and knowledge which allow you to mitigate risk and make better choices.

In terms of finances, efficiency can be a neglected component. We're so used to products we use daily being manufactured with a minimum amount of energy, resources and cost. Our supply chains have become so efficient that we tend to underestimate the amount of time and energy that goes into things. With globalism and reliance on low cost labor being on steep declines. Being able to produce basic living necessities efficiently could be a critical issue to resolve moving forward.

[summonerrk]

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.

There is a very big difference in shopping between someone who is single and someone who is married. Women are a disaster for your wallet. Their purchases are spontaneous and often they are short-sighted and often find themselves without money. And unfortunately, it is very difficult to teach them to spend money wisely. The fashion industry, for example, is designed for impulsive ladies who spend money on nonsense. Women need to be constantly monitored and it's very hard.

[Sterbens]

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.

Planning to avoid unnecessary expenses is something I have been working on for a very long time but up till now no result, sometimes I think is not possible is just for people who have good source of income, but on another point of view can one really plan against avoiding unnecessary expenses? Let's say for example example am saving money to get a property and all of a sudden I got a call that my mother is sick and need an urgent medical attention, I have gotten an expenses I didn't plan for, so how can I avoid the expenses at this point in time? I really need tips on how to avoid unnecessary expenses to increase my income.

Actually it is not that there is no result, but for those of you who are not used to living simply and plus a quite luxurious environment. Let's say the circle of friends around you is also a motivating factor for you to continue splurging and buying something that really isn't important.

One of the things that will change your mindset to be more mature is to think about the future. When the money you currently have is, if not net of your income, then pretend you have nothing but gifts from your parents.

[Adbitco]

This is what my uncle has been telling me over the time and over the years when I was seeing some cash flow in me, well I never knew he was right. There's something he used to tell me that "don't used what happened to yourself and learn lesson rather I should used what happened to others and learn to make corrections". Actually I was on the opinion of getting myself a new car probably using it for taxi most times, and I met with my uncle briefing him my plans of getting a new car, after we finished discussion two days interval he phoned me and asking me not to get any car rather I should used the money for landed property.

Immediately I was shocked and weak because all my plans were abolished, something came into my mind that was it because his son couldn't afford to buy a car or what why is he planning of stopping me from getting my first car.

Later after I came to think about this in various angles, I walked down to his house demanding some explanation why he said I shouldn't buy car instead of a landed property.
What he did said was, I know you might sees me as an enemy who doesn't want you to pleasure your life but it would be very bad seeing you my youngest brother son wanting to buy a car without proper establishment will results in a total waste of time and money. Being that as a cute young boy who girls flys around will not get this sense of reasoning to continue his dream rather would be carried away by women and pleasure.

Well to cut the whole story short, I never bought the car again instead I used the money to invest in buying lands, and today those lands are worth more than what I bought them, if that I didn't follow my uncle's instructions I would have lived a wasted life trying to start afresh again. Today I don't joke with my uncle and  secondly what we need as young people is a mentorship, someone whom we can comfiled on to know whether we are doing it right or wrong.
I believe you have learnt a lesson and I know you can advised anyone younger than you in future what to do and what not to do. Sorry for your ugly situation.

[19Nov16]

Anyone, of course, wants all costs to be under control, unfortunately there are many temptations to important things that can happen at any time, if we work in an office with a journey of about 1 hour, of course it becomes very torturous, lots of temptations from hunger to wanting to try new foods that look very promising.

[Cryptomiles1]

As an african man, the last thing a man should do is to try pleasing a woman whom he doesn't directly or indirectly gotten married to.
But nevertheless, there's still time for adjustment and correction only thing is that just try to be focused the more then you can find a way out by getting back your feets.

[virasisog]

Anyone, of course, wants all costs to be under control, unfortunately there are many temptations to important things that can happen at any time, if we work in an office with a journey of about 1 hour, of course it becomes very torturous, lots of temptations from hunger to want to try new foods that look very promising.

Temptations of what's on trend are hard to resist nowadays if we don't have self-discipline and control. From our peers who will ask to go out with us for their food cravings, for the items that we want which we could see online, these things are actually unnecessary but can make us happy but we have to choose between our self-happiness and proper budgeting. We can enjoy our hard-earned money by treating ourselves sometimes but we should limit it and focus on saving so we'll have a good source of funds in case bad or unexpected things happen in the future.