Planning avoids unnecessary expenses

[AmoreJaz]

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.

i believe if you have target when it comes to savings, better list your major expenses and set aside your savings first. if you think you want to spend on something beyond that list, make sure it is worth spending. otherwise, let it pass. no one will help you on this aspect but yourself.
think of the more important things you can buy when you come up with significant savings.

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[Lubang Bawah]

Life today has many challenges, especially the temptation to spend money, if we don't budget properly then our money will run out soon, don't be complacent that later we can get money, if we are not vigilant then we will regret it, the most important factor to be able to control unexpected costs is to separate the accounts, create a bank account that does not require an ATM so that the money we save is not easy for us to take.

[rby]

Life today has many challenges, especially the temptation to spend money, if we don't budget properly then our money will run out soon, don't be complacent that later we can get money, if we are not vigilant then we will regret it, the most important factor to be able to control unexpected costs is to separate the accounts, create a bank account that does not require an ATM so that the money we save is not easy for us to take.

We also have bad budgets as we have bad planners. So when you pay for services and eventually get a bad advisor, it will be as good as not having any. But in the case of having a bank account you don't withdraw from it's fine but your money can also vanish in the bank or lose value on the long run.
Why not save in bitcoin and you can be lucky and it will rise in the coming years. I think this is also part of planning.

[Findingnemo]

Planning and avoiding are secondary things so first thing is realising what is our spending power, and cut down from the limit we used to spend will save more and these things can possible with bitter experience. I didn't spend money unnecessarily in my late teens but I was ignorant about saving money that we have and my family is also not used to budget kinda things but at one point everything exhausted during business failure and ended up as almost bankruptcy and then only I am changed and now with the help of forum gathered vast knowledge about money.

[ultrloa]

Life today has many challenges, especially the temptation to spend money, if we don't budget properly then our money will run out soon, don't be complacent that later we can get money, if we are not vigilant then we will regret it, the most important factor to be able to control unexpected costs is to separate the accounts, create a bank account that does not require an ATM so that the money we save is not easy for us to take.

So hard to manage the expenses if you for yourself can avoid many temptation we can see online since to many buyable things always posted and hype up there. Maybe its good for us to take away the atm if we want to save so that we will not get tempted to swipe up once we see something that can attract us. Maybe best not to handle any finances if you are bad on budgeting and maybe let your wife handle the expenses since provably for this we can get better result.

[DOH!]

It's good to hear your thoughts on shared life situations. It is even more valuable in today's difficult life because inflation, costs are high, wages have not increased, but it is necessary to increase competition in all working efforts to survive the pressure of staff reduction. In fact, that is what we are facing and learning about spending management, planning a living budget and calculating in a flexible and reasonable way is essential for everyone. Thanks for sharing bro

[doomloop]

Life today has many challenges, especially the temptation to spend money, if we don't budget properly then our money will run out soon, don't be complacent that later we can get money, if we are not vigilant then we will regret it, the most important factor to be able to control unexpected costs is to separate the accounts, create a bank account that does not require an ATM so that the money we save is not easy for us to take.

Well, the era that we are living in has become too expensive for an average person to spend money and to save some alongside. The inflation has greatly affected every individual when it comes to life-savings as no matter how hard you try, at the end of the day, you end up having no money to spare.

We need to try all possible methods to save at least a small portion of what we earn so that we can use that in the future when we are in need. Believe me, no one comes to the rescue when your face hits the ground.

[puloweh555]

I have been forced to manage my own finances since childhood from my parents. Until now, when it comes to financial problems, it can be said that my cash flow is always healthy. With my current salary being a little decent, I can allocate 50% of my salary every month, 20% for my parents, 30% for eating, hanging out, paying for electricity, etc.

Just be smart to manage finances. Buy something that is really needed, NOT what you want, even if you already have a big salary every month.
So remember Einstein said;
"Not everything that matters counts and not everything that counts counts"
improve the quality of life in a simple and wise way, because this financial ability is an ability that is needed throughout our lives, but is never taught in education.

[jostorres]

It's good to hear your thoughts on shared life situations. It is even more valuable in today's difficult life because inflation, costs are high, wages have not increased, but it is necessary to increase competition in all working efforts to survive the pressure of staff reduction. In fact, that is what we are facing and learning about spending management, planning a living budget and calculating in a flexible and reasonable way is essential for everyone. Thanks for sharing bro

Wages haven't increased and there are no signs that it will increase but we must increase our performance only to stay in the company that we are currently working. It's sad to see that many of us are doing this because they know how hard it was to start all over again and look for a new job.

Maybe some are doing this because they care a lot for the company that they are working and they love their jobs. I don't agree that planning will avoid unnecessary expenses. There are times that each of us can spend on a thing that wasn't in our plans or budget but we are not regretting. I am not saying that we shouldn't plan anymore. Of course we must do that to help decide easily.

[Furious 7]

Good planning is definitely one of the good things but sometimes in cases like this we cannot stem conditions where unexpected needs always exist.
Especially for those who sometimes always forget the conditions of their needs so that there are always some unnecessary expenses for their own needs which might be more appropriate to mention for their own satisfaction in buying something.
This seems easy but actually it is very difficult to do because sometimes there are lots of temptations about this.

[bestcoins1]

I have been forced to manage my own finances since childhood from my parents. Until now, when it comes to financial problems, it can be said that my cash flow is always healthy. With my current salary being a little decent, I can allocate 50% of my salary every month, 20% for my parents, 30% for eating, hanging out, paying for electricity, etc.

If you are used to managing your finances since childhood, that means you have had a lot of money since childhood. Even though until now I very rarely thought that in the past there were small children who already had money and were able to manage their finances. And if you are able to manage your hefty salary every month for your parents and for eating, traveling, paying 50% for electricity. The question is, where is your other 50% salary?

Just be smart to manage finances. Buy something that is really needed, NOT what you want, even if you already have a big salary every month.
So remember Einstein said;
"Not everything that matters counts and not everything that counts counts"
improve the quality of life in a simple and wise way, because this financial ability is an ability that is needed throughout our lives, but is never taught in education.

I agree with what Einstein said, because now very often I see some people spending their money where they don't need it. But I also don't know whether they themselves are still aware of this now, because they only fulfill their heart's desires or desires without seeing the benefits and needs specifically for themselves in life.

[Aanuoluwatofunmi]

It's a good thing to plan and not only to plan but doing it well and appropriately, we've got so many failed attempts on doing something because of inadequate preparation, but when we give it all the best that is required right before starting it at all, we may arrived at the aimed targeted result all things being equal without compromise, others have done so and have seen it working so ours should not be an exemption, we need to try harder and maintain consistency with our budget management and planning in our day to day spendings.

[lionheart78]

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 no denying that planning is the best tool to maximize anything.  From finances, time management, and effort.  Having plans is like having a guide in everything we do.  Since planning helps us to identify our goal, it helps us decide clearly what to do next.

In addition I read[1] that planning is important because:

• It helps us to identify our goals clearly. It makes us decide clearly and concretely what we need to do to have the effect on society that we want.
• It helps us make sure that we all understand our goal and what we need to do to reach it by involving everyone in the planning process.
• It makes us all work in a goal-oriented way rather than in a loose or ad-hoc way where we just respond to issues and crises with no clear plan or goal.
• Planning helps us see in advance those things that can help us achieve our goal and those things that can prevent us from achieving our goal and work out what to do about them.
• Planning helps us to be accountable for what we do.
• Planning helps us decide how best to use our resources (people, time, money, information, equipment) so that they make the most significant contribution to achieving our goal.
• Planning lays the basis for us to assess and evaluate our achievements effectively.

The link[1] below can help us or guide us on how we can effectively create a plan


[1] https://www.etu.org.za/toolbox/docs/building/webplan1.html#:~:text=Why%20is%20planning%20important%3F,everyone%20in%20the%20planning%20process.

[Yatsan]

Supposedly. But there will be times your plans won't be followed because of circumstances and unexpected events. This has something to do with saving,perhaps, and even investments. Let's say you are saving for a year and planned not to buy anything on that interval.But emergency occured and you have no other option but to use some of your savings to aid the situation. This is also possible with investments wherein an investor would be sometimes pushed to break plans and pull their investment out due to reasons such as seeing a more profitable investment, or just be needing money m, again through circumstances. Lucky are those who could fund other expenses than what is being used on investments because they won't need to break their investment plans to cover up other needs.

[Ngewex Yuk]

Everyone certainly understands that the cost of living continues to increase and makes us always have to worry that unnecessary expenses can occur at any time, especially those of us who are used to working outside the home, of course, experience many temptations, but we must have a strong commitment to be able to resist any temptation, make sure before leaving the house we have eaten full so that we can reduce the temptation to buy food.

[speedy963]

Planning for your future specially when money is involved is really difficult for younger people, coz at thise times there are so many tempting things that you can do using your money. Only a few of youngsters would acually do those plans, while most would only plan withour execution.

There're also people who needs to learn their lesson first before they realize the importance of financial education and being prepared just in case something would happen. We were all experienced being young first, and yes me too I've been tempted by a lot of things in the past and somehow I regretted not buying the things I wanted before, but at the same time I didn't regret that most of the things I bought were all the things I needed before and up until now I've been using most of the things, still I could say it's a great investment.

Although I've regretted not investing too much on crypto, for me it is still an acceptable decision and would be willing to move forward with that lessons in mind.

[Pejoh Asu]

Costs will always arise for many reasons, but if we have an accurate plan then we can avoid unexpected costs, from the start we have to record all monthly, weekly and daily expenses, apart from that very strict control is of course an important thing to be able to avoid unexpected costs.

[KingsDen]

Supposedly. But there will be times your plans won't be followed because of circumstances and unexpected events. This has something to do with saving,perhaps, and even investments. Let's say you are saving for a year and planned not to buy anything on that interval.But emergency occured and you have no other option but to use some of your savings to aid the situation. This is also possible with investments wherein an investor would be sometimes pushed to break plans and pull their investment out due to reasons such as seeing a more profitable investment, or just be needing money m, again through circumstances. Lucky are those who could fund other expenses than what is being used on investments because they won't need to break their investment plans to cover up other needs.

Apart from the fact that planning used to change in the middle of any journey or any planned activity.
When plans change we humans need to also use another plan and that is the essence of having Plan B.
But the worst scenario about planning is when someone is having a bad plan and unknown he would think that the plan is a good one.

What seems to be a good plan might actually be a bad plan in disguise and in the end of the decision the person will lose out. That is why it is good to have a tool that is used to test every plan to see whether it is worthy to be carried out or relied on

[xSkylarx]

Costs will always arise for many reasons, but if we have an accurate plan then we can avoid unexpected costs, from the start we have to record all monthly, weekly and daily expenses, apart from that very strict control is of course an important thing to be able to avoid unexpected costs.

What if there was an emergency like you got sick and you need to see doctor and buy meds how would you budget that? even in strict in your budget you cant still prevent that. But if you are talking like there are new restaurant near lets eat on that then it would be bad expenses and it belong to wants. That is why it is better to have emergency funds or savings which for incase of emergency you can use it and it cant affect your budget.

[Bananington]

What if there was an emergency like you got sick and you need to see doctor and buy meds how would you budget that? even in strict in your budget you cant still prevent that.

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.