How to avoid over expenses and have discipline

[Pamadar]

Sometimes expenses are difficult to predict every month, even though we have detailed everything, there are always urgent needs that require us to incur additional costs
Perhaps the most important thing is to get into the habit of saving a fixed amount every month, so that we can have reserve funds when needed, and are always productive in seeking additional financial input, so that we can meet our main needs.

I have a breakdown of my exact expenses every month, I think I have to make sure to see how much I spend, and I also don't forget to always prepare extra money every month to be ready if there are urgent needs or sudden expenses. And from there I can set aside money to save and also I allocate and to invest.
I always differentiate money for saving and money for investing, why? yes it is a form of my preparation so that I don't have to sell my investment when something urgent happens in the future because I still have savings money ready for me to use.

This form of planning we must do, even though we never get into trouble but we don't know what will happen in the future, and when we don't prepare it will be a bigger problem.

Good plan like that needs to execute the right way. If you have such kind of discipline, the chance that you will not
overspent your money and chance to be more stable in the future or in your retirement is possible.

It's hard to budget, but with willingness and determination to have a good life in your future, you will be able to
established a good and balance money management.

More on how you plan and how you perform to avoid making a mistake in spending your money.

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[bitzizzix]

Sometimes expenses are difficult to predict every month, even though we have detailed everything, there are always urgent needs that require us to incur additional costs
Perhaps the most important thing is to get into the habit of saving a fixed amount every month, so that we can have reserve funds when needed, and are always productive in seeking additional financial input, so that we can meet our main needs.

I have a breakdown of my exact expenses every month, I think I have to make sure to see how much I spend, and I also don't forget to always prepare extra money every month to be ready if there are urgent needs or sudden expenses. And from there I can set aside money to save and also I allocate and to invest.
I always differentiate money for saving and money for investing, why? yes it is a form of my preparation so that I don't have to sell my investment when something urgent happens in the future because I still have savings money ready for me to use.

This form of planning we must do, even though we never get into trouble but we don't know what will happen in the future, and when we don't prepare it will be a bigger problem.

But lucky you as you are still able to budget your money, a lot of people right now that are having a headache because again it is the end of the month, they will receive their salary, they will then pay for the bills and also food on which they will try to budget it but it is not enough, though the solution on this is having another source of income if ever our income is just enough for sure we know how to budget or I don't know with other people but mostly I've known they really budgeting their money because if not we will struggle and forgot to pay other bills.

Managing or budgeting finances is very important, so that our lives are peaceful and safe compared to not managing and budgeting finances, and this difference is very real.
And prioritize this budget for important expenses that we have to spend every month because they have become part of life, such as electricity, water, installments or house rent if any, basic needs and so on that we have to prioritize for a month's needs. However, this must also be adjusted to income, and if it is deemed insufficient then it must be cut or used sufficiently, and if it is still insufficient. There is no other choice but to look for a side job or additional income to cover everything. And it would be better if the overall income was more, it could be used to save and invest even in small amounts.

[Aanuoluwatofunmi]

I take precautionary measures to ensure that what i spent my money on are things that worth it, i look into my budget plans on long and short term basis, strategize how to engage what to spend money on and how the value is in term of priority, i also itemized the list and consider the needs in demand on every item before spending money on them, then there are other demands we should be careful with when people are requesting from us to lend them money because such may not be recoverable.

[Blowon]

usually we spend money according to our prestige, this is what makes us stressed. If we only have enough money for one month, but instead want to buy luxury goods, we end up borrowing money from other people or even banks that charge interest, which makes us stressed. learning not to be prestige is the best way to manage money, I totally agree with the first point.

[Baofeng]

usually we spend money according to our prestige, this is what makes us stressed. If we only have enough money for one month, but instead want to buy luxury goods, we end up borrowing money from other people or even banks that charge interest, which makes us stressed. learning not to be prestige is the best way to manage money, I totally agree with the first point.

And that's why majority of us are poor, because we don't have the discipline to control our finances. We just want to buy luxury things that if you have to look at it, it's all nothing and we even don't know if we are going to used it or not.

That's why the OP has laid down some tips. I know it's very difficult to really control ourselves not to spend and buy things around. And so it takes a lot of mental discipline to not over expense and save enough money for the rainy days.

[Lanatsa]

Sometimes expenses are difficult to predict every month, even though we have detailed everything, there are always urgent needs that require us to incur additional costs
Perhaps the most important thing is to get into the habit of saving a fixed amount every month, so that we can have reserve funds when needed, and are always productive in seeking additional financial input, so that we can meet our main needs.

I have a breakdown of my exact expenses every month, I think I have to make sure to see how much I spend, and I also don't forget to always prepare extra money every month to be ready if there are urgent needs or sudden expenses. And from there I can set aside money to save and also I allocate and to invest.
I always differentiate money for saving and money for investing, why? yes it is a form of my preparation so that I don't have to sell my investment when something urgent happens in the future because I still have savings money ready for me to use.

This form of planning we must do, even though we never get into trouble but we don't know what will happen in the future, and when we don't prepare it will be a bigger problem.

But lucky you as you are still able to budget your money, a lot of people right now that are having a headache because again it is the end of the month, they will receive their salary, they will then pay for the bills and also food on which they will try to budget it but it is not enough, though the solution on this is having another source of income if ever our income is just enough for sure we know how to budget or I don't know with other people but mostly I've known they really budgeting their money because if not we will struggle and forgot to pay other bills.

Managing or budgeting finances is very important, so that our lives are peaceful and safe compared to not managing and budgeting finances, and this difference is very real.
And prioritize this budget for important expenses that we have to spend every month because they have become part of life, such as electricity, water, installments or house rent if any, basic needs and so on that we have to prioritize for a month's needs. However, this must also be adjusted to income, and if it is deemed insufficient then it must be cut or used sufficiently, and if it is still insufficient. There is no other choice but to look for a side job or additional income to cover everything. And it would be better if the overall income was more, it could be used to save and invest even in small amounts.

Very crucial because managing ones finances would really be that something that putting up everything in order specially on how much you do spend and how much you do earn. Having no plans or having no direction on how you do spend will definitely be putting up you in trouble in the future since we know that saving up accordinly and dont make yourself getting drowned with loan or debt is something that we should really be careful with. It doesnt have no sense on spending on something which is really that more that on what you do earn, how you would be able to do that if you do find yourself on huge debt because you are r really that making yourself buy on things that you do want into that certain point?

If you arent that wise or having no proper planning when it comes to expenses then you would be having that huge problem afterwards. Dont make yourself put on a situation or condition on which you might be ending up on thinking on having suicide because you can no longer resolve your money problems. This is why while its still early then it would really be just that wise that you should really be that
mindful about your spending and dont overdo or spend on something useless or not useful at all.

[romero121]

usually we spend money according to our prestige, this is what makes us stressed. If we only have enough money for one month, but instead want to buy luxury goods, we end up borrowing money from other people or even banks that charge interest, which makes us stressed. learning not to be prestige is the best way to manage money, I totally agree with the first point.

And that's why majority of us are poor, because we don't have the discipline to control our finances. We just want to buy luxury things that if you have to look at it, it's all nothing and we even don't know if we are going to used it or not.

That's why the OP has laid down some tips. I know it's very difficult to really control ourselves not to spend and buy things around. And so it takes a lot of mental discipline to not over expense and save enough money for the rainy days.

Thats true, to show off the status we keep spending on luxury things which isn't really necessary for us. Even with the spending on food we can limit ourselves. If we start eating what is necessary for the good functioning of our body, huge sum of money could be saved. What we do, we eat for taste rather than health and body need. In each and every activity of us we spend a portion unwanted and when we were able to control ourselves change happens. Once we've experienced the difference, further we won't go for unwanted spending and have the discipline in it.

[Asuspawer09]

I've learned a lot in finance about how I'm going to save and invest my money because of cryptocurrency I started to change my mindset and stop just spending my profit, I started to listen to a lot of financial podcasts that could help me how to be disciplined and budget my salary and investment at the same time.

One thing I learned is to always keep track of our expenses, when we have the money it just quickly disappears because of our spending and we are not aware that we already don't have the money, it is just because we are not keeping track of what we buy. We i started to do it I always managed and kept the budget on. One of the best pieces of advice that I get is simply not to buy what you can afford as well as, to invest more than spending, if you going to do that I can guarantee that you're going to have great savings and finance. What I always do is always invest a big amount probably around 40% up to 60% of my salary then budget it with only around 10% that I can use for spending.

[Pamadar]

usually we spend money according to our prestige, this is what makes us stressed. If we only have enough money for one month, but instead want to buy luxury goods, we end up borrowing money from other people or even banks that charge interest, which makes us stressed. learning not to be prestige is the best way to manage money, I totally agree with the first point.

And that's why majority of us are poor, because we don't have the discipline to control our finances. We just want to buy luxury things that if you have to look at it, it's all nothing and we even don't know if we are going to used it or not.

That's why the OP has laid down some tips. I know it's very difficult to really control ourselves not to spend and buy things around. And so it takes a lot of mental discipline to not over expense and save enough money for the rainy days.

Thats true, to show off the status we keep spending on luxury things which isn't really necessary for us. Even with the spending on food we can limit ourselves. If we start eating what is necessary for the good functioning of our body, huge sum of money could be saved. What we do, we eat for taste rather than health and body need. In each and every activity of us we spend a portion unwanted and when we were able to control ourselves change happens. Once we've experienced the difference, further we won't go for unwanted spending and have the discipline in it.

Precisely, if you realized things like that, you will start to develop on how to manage your finances,

Buying what you need and not what you want is something that needed to have a strong will to control, most of the time
when you already earning money, your expenses also increase as you think that it's already affordable since you are seeing
it from your hold money that you can pay for it, not realizing or thinking of saving, which would help you a lot in terms of
financial stability.

[dothebeats]

I've learn a lot in finance how im going to save and invest my money because of cryptocurrency I start to change my mindset and stop just spending my profit, I start to listen to a lot of financial podcast that could help me how to be dicipline and budget my salary and investment at the same time.

One thing I learn is to always keep track of your expenses, sometime when we have rhe money and it just quickly disappear because of our spending and we are not aware that we already doesnt have the money, it is just because we are not keeping track of what we buy. We i started to do it I always manage and keep the budget on. One of the best advise that i get is simple not to buy what you cant afford as well as, invest more than spending, if your going to do that i could guarantee that your going to have a great savings and finance.

I agree with you and I like how different this is from others' answers about keeping a budget. See, tracking expenses is different from keeping a budget. More often than not, tracking the expenses we make (may it be on a daily, weekly, or monthly basis) allows us to have a better start when we start doing our budgeting. According to BCA's web post tackling the benefits of tracking expenses, keeping track of how much you spend, what you spent it to, and why provides 5 general benefits to us. First, it allows us to what our expenses are generally used for like is it for necessities, luxury, or health expenses. Second, it allows us to have an idea of the general average of our daily, weekly, and monthly expenses as it is vital for us to know if we are spending more than what we normally do during some days. Next, it helps us identify necessary and unnecessary expenses, basically showing us if we are wasting money by buying things we don't even need or end up not using. Additionally, as I stated earlier, tracking expenses helps us make financial planning or budgeting easier as it already gives us an idea of how much we usually spend, how much money we need, and how much we should be able to save or invest. Lastly, it gives us an idea of where our limit should be as we already have a general knowledge of our average expenses, hence if we overpass that we can easily stop or limit ourselves.

Source (web post): https://www.bca.co.id/en/informasi/Edukatips/2023/03/20/03/57/manfaat-mencatat-pengeluaran-yang-perlu-kamu-ketahui

[Uruhara]

Saying to have discipline is easier than actually leading a disciplined life.
I know a lot of people who claim to be disciplined but cannot change their eating habits.
As many times we lie to ourselves.

To be a disciplined person is not easy. Especially if it concerns financial management. To be disciplined takes time and we have to get used to it gradually. Sometimes we have to force ourselves to do it. But if we are used to it, discipline will become easier. Well it was quite difficult at first. But when you get used to it, everything will feel easier.

I used to be a wasteful person. But there was something that pushed me to change my life for the better. Well, I'm also not a person who has good discipline. But I'm trying to become a disciplined person. And sometimes to be disciplined we have to have something that drives us to do it. But in the end we are only human. and we can't be perfect people.

[red4slash]

I have a breakdown of my exact expenses every month, I think I have to make sure to see how much I spend, and I also don't forget to always prepare extra money every month to be ready if there are urgent needs or sudden expenses. And from there I can set aside money to save and also I allocate and to invest.
I always differentiate money for saving and money for investing, why? yes it is a form of my preparation so that I don't have to sell my investment when something urgent happens in the future because I still have savings money ready for me to use.

This form of planning we must do, even though we never get into trouble but we don't know what will happen in the future, and when we don't prepare it will be a bigger problem.

But lucky you as you are still able to budget your money, a lot of people right now that are having a headache because again it is the end of the month, they will receive their salary, they will then pay for the bills and also food on which they will try to budget it but it is not enough, though the solution on this is having another source of income if ever our income is just enough for sure we know how to budget or I don't know with other people but mostly I've known they really budgeting their money because if not we will struggle and forgot to pay other bills.

Do you think I didn't have a problem with that before? If that's what you think then it's wrong, because before I was also like that, who waited for the gahi every month and then paid some bills or even loans because my expenses were greater than what I earned every month, I felt that for a very long time, until finally I realized and asked myself "how long does it have to be like this?" and it really hit me, because if I don't want to change and organize my finances then it will be a big problem in the future.
I also started small and it was a process and a sacrifice because I needed to stabilize my finances first before I could do what I can do now.

Good plan like that needs to execute the right way. If you have such kind of discipline, the chance that you will not
overspent your money and chance to be more stable in the future or in your retirement is possible.

It's hard to budget, but with willingness and determination to have a good life in your future, you will be able to
established a good and balance money management.

More on how you plan and how you perform to avoid making a mistake in spending your money.

Well I wouldn't say it was easy and I also practically started from 0.
I made it a habit to divide my expenses into 3 categories and I'm sure everyone already knows this, primary, secondary and tertiary. I started to eliminate my spending defensively on tertiary needs, because if you think about it, we spend more on tertiary needs, even though it's not something that is mandatory for us for me personally. There has to be sacrifice and suppressing our desires.

[Fakhrulenclix]

Saying to have discipline is easier than actually leading a disciplined life.
I know a lot of people who claim to be disciplined but cannot change their eating habits.
As many times we lie to ourselves.

To be a disciplined person is not easy. Especially if it concerns financial management. To be disciplined takes time and we have to get used to it gradually. Sometimes we have to force ourselves to do it. But if we are used to it, discipline will become easier. Well it was quite difficult at first. But when you get used to it, everything will feel easier.

I used to be a wasteful person. But there was something that pushed me to change my life for the better. Well, I'm also not a person who has good discipline. But I'm trying to become a disciplined person. And sometimes to be disciplined we have to have something that drives us to do it. But in the end we are only human. and we can't be perfect people.

Discipline in managing expenses is indeed very difficult to implement, especially if you have limited income and increasing living costs, coupled with many desires that are difficult to control, which makes a person often make mistakes. I'm sure almost everyone has experienced this.

However, sometimes good things are discovered or born because of compulsion by circumstances or encouragement from circumstances that require us to do so.
I am disciplined in managing finances only because my family's needs are high so I have to manage it properly until finally these good things stick because of habit.

[Davian144]

usually we spend money according to our prestige, this is what makes us stressed. If we only have enough money for one month, but instead want to buy luxury goods, we end up borrowing money from other people or even banks that charge interest, which makes us stressed. learning not to be prestige is the best way to manage money, I totally agree with the first point.

Prestige is an attitude that is born when a person does not want to look poor in front of the people around him so that people who feel proud will always find ways to cover up their weaknesses or poverty with various things. Overall or in general it is really not good for anyone to consider prestige in front of many people so that it is recognized as great by everyone, even though in reality one's life is still in debt and it has not been repaid by several parties.

The feeling of prestige is a feeling that can be changed or removed slowly from each of us if we want to live more comfortably and be grateful for what we have now. So if we don't want to experience stress or difficulties in life, manage our finances as well as possible because the basic problem can always arise when we don't have money in life.

[AicecreaME]

usually we spend money according to our prestige, this is what makes us stressed. If we only have enough money for one month, but instead want to buy luxury goods, we end up borrowing money from other people or even banks that charge interest, which makes us stressed. learning not to be prestige is the best way to manage money, I totally agree with the first point.

Prestige is an attitude that is born when a person does not want to look poor in front of the people around him so that people who feel proud will always find ways to cover up their weaknesses or poverty with various things. Overall or in general it is really not good for anyone to consider prestige in front of many people so that it is recognized as great by everyone, even though in reality one's life is still in debt and it has not been repaid by several parties.

The feeling of prestige is a feeling that can be changed or removed slowly from each of us if we want to live more comfortably and be grateful for what we have now. So if we don't want to experience stress or difficulties in life, manage our finances as well as possible because the basic problem can always arise when we don't have money in life.

Exactly.

Those kind of people will even lend money just to sustain their rich lifestyle even though they can't even afford it, in exchange on just to flex that they have "money" to the people around them. I don't know what kind of mindset is that, since there's no benefits I can think of on doing such kind of thing.

Based on my experience, this type of people never learn, they always do the same thing even after something bad happened to them like they ended up being broke for a certain period of time.

[gunhell16]

Sometimes expenses are difficult to predict every month, even though we have detailed everything, there are always urgent needs that require us to incur additional costs
Perhaps the most important thing is to get into the habit of saving a fixed amount every month, so that we can have reserve funds when needed, and are always productive in seeking additional financial input, so that we can meet our main needs.

I have a breakdown of my exact expenses every month, I think I have to make sure to see how much I spend, and I also don't forget to always prepare extra money every month to be ready if there are urgent needs or sudden expenses. And from there I can set aside money to save and also I allocate and to invest.
I always differentiate money for saving and money for investing, why? yes it is a form of my preparation so that I don't have to sell my investment when something urgent happens in the future because I still have savings money ready for me to use.

This form of planning we must do, even though we never get into trouble but we don't know what will happen in the future, and when we don't prepare it will be a bigger problem.

You're doing a good job, dude, just continue the activity habit you're developing. And hopefully everyone will learn the right handling of money and how it will be used. So that we don't end up being the ones who end up having problems. I admire people like you who can do such things in terms of spending.

Because planning is like a relationship that should be appreciated, strive to make plans happen for the things that are necessary and important in every day or monthly bill. And above all, discipline is also important.

[Litzki1990]

usually we spend money according to our prestige, this is what makes us stressed. If we only have enough money for one month, but instead want to buy luxury goods, we end up borrowing money from other people or even banks that charge interest, which makes us stressed. learning not to be prestige is the best way to manage money, I totally agree with the first point.

We have to spend money considering our location. Nothing but the luxury of spending money beyond what one can afford. Before you figure out how you spent the money, you must stop borrowing money. If you earn money, spend it again, and after spending it, borrow money from others and spend it again, then your money income has no value. If we see that we have to spend on loans even after spending our monthly salary, then first of all we should avoid taking that loan and try to last a month with monthly salary. When you can go completely for a month with the monthly salary, then you have to try to save some money from the monthly salary to go for a month with the remaining money.

[Etranger]

I always differentiate money for saving and money for investing, why? yes it is a form of my preparation so that I don't have to sell my investment when something urgent happens in the future because I still have savings money ready for me to use.

I definitely get the point of such a diversifying, however, I think, that this is also a matter of time. If you prepare your savings in fiat for a long time, they will become victim of inflation, unfortunately. This is why, in my opinion, from time to time you have to convert this fiat savings into more reliable assets. While having some savings in fiat, especially in cash, is undoubtedly important, it is also worth remembering that this form of keeping money is not truth worthy.

[Dickiy]

It's not complicated enough to do but sometimes many find it difficult to get started. I understand that you want to live like the rich, but can you realize your finances? It's not uncommon and there are probably a lot of people who have below average finances or income but want to style like a rich person, it's like you create your own problems for your life. So from now on I hope you can save more, reduce expenses that you don't need and only buy something that will be very useful for your life. Sometimes in terms of wants and needs it is always confused, where we think it is something we need but in fact it is just a desire that does not even have a positive impact on real life.

So going for savings would be a good thing, you can save some of your money to save, because we will never know what will happen in the future, there will definitely be times when you need money urgently and you can use that money. Greed will keep chasing you and if you keep following it then it will never end because there will always be something you want.

[puloweh555]

I take precautionary measures to ensure that what i spent my money on are things that worth it, i look into my budget plans on long and short term basis, strategize how to engage what to spend money on and how the value is in term of priority, i also itemized the list and consider the needs in demand on every item before spending money on them, then there are other demands we should be careful with when people are requesting from us to lend them money because such may not be recoverable.

Disclaimer. In the past, I was taught to save, but my parents always had a shortage of money. So all my savings are always used for living needs, but it's true that we never learn to save for a goal, but usually when we're little we have the money we save to buy toys but that's not allowed. Immediately when we have our own money from the results of our new job, whatever we want we can buy, but on the one hand, sometimes there are times when we are still not free and don't think about how to get more money.

But now that I'm getting older, I just understand how to avoid spending too much money and still have to be disciplined. Including as you said prevention and ensuring that our money is spent on things that are commensurate with income. Now I apply a financial pattern of 40% for basic needs, 40% for investments, 10% for hobbies/holidays, and 10% for emergency funds. Emergency funds are very necessary, even though these funds are rarely used, these funds are very important because they can be used in case we suddenly experience difficulties and disasters.