How to avoid over expenses and have discipline

[jaberwock]

It is really annoying to fall short of funds when allocating the budget to our needs.  This list are helpful in guiding one on how to keep our expenses on tab and avoid the frustration of falling short of funds even though we always try to look for extra funds to fill our needs.

Setting the budget and knowing the reason why we always have shortage is a good way to troubleshoot our financing activitives.

It is not annoying but it is depressing, knowing that I already work hard but earnings seems still not enough to live even for a basic life. Don't get me wrong, I'm already budgeting with that current state.

I can only feel a little relief when I win a small amount in gambling. Don't worry, as I only use small amounts as my capital though I still have this regret whenever I lose, thinking that this small money will be a good addition already to my important spending. Oh well, at least I had a good time. Extra funds won't be called like that for no reason. They are only a small amount so don't expect that it can always fill the lack in our spending list.

[1715350154]

1715350154

[BigBos]

It is really annoying to fall short of funds when allocating the budget to our needs.  This list are helpful in guiding one on how to keep our expenses on tab and avoid the frustration of falling short of funds even though we always try to look for extra funds to fill our needs.

Setting the budget and knowing the reason why we always have shortage is a good way to troubleshoot our financing activitives.

It is not annoying but it is depressing, knowing that I already work hard but earnings seems still not enough to live even for a basic life. Don't get me wrong, I'm already budgeting with that current state.

I can only feel a little relief when I win a small amount in gambling. Don't worry, as I only use small amounts as my capital though I still have this regret whenever I lose, thinking that this small money will be a good addition already to my important spending. Oh well, at least I had a good time. Extra funds won't be called like that for no reason. They are only a small amount so don't expect that it can always fill the lack in our spending list.

Well it seems that most of us experience something like this, income is still the same as before but the price of basic necessities is increasing and it is very difficult to balance expenses and income. It seems that in this modern era it's not enough for us to just work hard but we also have to work smart, take advantage of all the opportunities that come our way which will generate additional money. In conditions like this I see many of them then look for additional work such as part time to then increase their income. Now is the digital era, everything is automated and very easy, so there's no mistaking it if most of them then do their jobs online like maybe a business in a product, and even I saw many of them succeed there, this is a pretty good choice for pressing our current economic needs. Yes, you are very lucky if you can win at gambling by only relying on small amounts of money. In the midst of an economy that is not good, it is very possible for them to then turn to gambling, intending to multiply their money, but we also have to be aware of the various risks involved and I hope you don't take it too seriously because it will only make matters worse you.

[milewilda]

It is really annoying to fall short of funds when allocating the budget to our needs.  This list are helpful in guiding one on how to keep our expenses on tab and avoid the frustration of falling short of funds even though we always try to look for extra funds to fill our needs.

Setting the budget and knowing the reason why we always have shortage is a good way to troubleshoot our financing activitives.

It is not annoying but it is depressing, knowing that I already work hard but earnings seems still not enough to live even for a basic life. Don't get me wrong, I'm already budgeting with that current state.

I can only feel a little relief when I win a small amount in gambling. Don't worry, as I only use small amounts as my capital though I still have this regret whenever I lose, thinking that this small money will be a good addition already to my important spending. Oh well, at least I had a good time. Extra funds won't be called like that for no reason. They are only a small amount so don't expect that it can always fill the lack in our spending list.

The key here would be;

1. Make a realistic budget

Why would really be needing to spend more than on what you do able to earn or your income? There's no sense that you would be having that kind of spending on which you do look that its not something that would really be fitting out on what you do earn on which means that you do make yourself get in debt because you are really that overdropped because you have left nothing for your daily expenses and needs because you have spent out on other things which are totally useless. Its not really that bad to buy up something specially on wants but this should really be that in controlled manner because if not then you would be finding yourself on deep financial crisis specially if your salary isnt something that would really be fitting out on what you do earn or simply getting in line with your income. Always have that discipline on spending then you should
really be just that fine.

[Furious 7]

It is really annoying to fall short of funds when allocating the budget to our needs.  This list are helpful in guiding one on how to keep our expenses on tab and avoid the frustration of falling short of funds even though we always try to look for extra funds to fill our needs.

Setting the budget and knowing the reason why we always have shortage is a good way to troubleshoot our financing activitives.

Actually in this case it depends on us in taking a stand.
If indeed we cannot or feel less when managing finances and the budget we have, it would be better if we slightly reduce and minimize the costs we need.

For conditions like this, especially with human nature, which in essence is always greedy, actually, no matter how much income in the end will always have expenses that are greater than the income we have because we are never satisfied with something and always want more things as a form of appreciation for ourselves which makes this a little more complicated to solve the problem.

[Obari]

I agree absolutely  with you op and above all you've said, I think cutting down on luxury and contentment is one of the major factors why people aren't planning  for the future is because of peer pressure and lack of contentment and anyone who has contentment, doesn't get affected by what the society has to offer at any given point in time.

Having a budget is another factor that can't be over emphasized but I think most persons earn barely enough for feeding talk more of savings so we don't have to consider budgeting as a factor except for those who have more than enough for feeding.

[Bushdark]

The 24 hour rule for me should be a week rule, because that gives me enough time to think if I should really buy it.

It's not that bad to spend your money over some things that you wanted as long as you can afford it and you're not spending way too much based on your salary, if I'm not mistaken, you shouldn't spend more than 10% of your salary to avoid wasting your money in the things you only wanted, like new clothes, eating in fancy restaurants more often, buying luxury items, so on and so forth.

So persons do not still understand that the way we earn might determine the way we spend our money. But sometimes this might not work for some persons because they might either have an urge to live a luxury lifestyle with the little they earn or something like always waving the little they have for the future which is one of the best way to keep money safe. If we don't keep our money then when we have emergency, we might not meetup with the demand we need to accomplish. Being discipline all depends on our interest and what we want.

[Fatunad]

The 24 hour rule for me should be a week rule, because that gives me enough time to think if I should really buy it.

It's not that bad to spend your money over some things that you wanted as long as you can afford it and you're not spending way too much based on your salary, if I'm not mistaken, you shouldn't spend more than 10% of your salary to avoid wasting your money in the things you only wanted, like new clothes, eating in fancy restaurants more often, buying luxury items, so on and so forth.

So persons do not still understand that the way we earn might determine the way we spend our money. But sometimes this might not work for some persons because they might either have an urge to live a luxury lifestyle with the little they earn or something like always waving the little they have for the future which is one of the best way to keep money safe. If we don't keep our money then when we have emergency, we might not meetup with the demand we need to accomplish. Being discipline all depends on our interest and what we want.

You are really that simply putting yourself into some disaster later on on which living a life which it is really on that lavish side without even trying out to balance on how much you are earning? It would really be a damn suicide. Sooner or later you would be finding out yourself walking and sleeping on the streets just because you dont have a home because you dont have either have mortgage to be paid or having no rent money for you to pay on.If you dont like for your life to be messed up then its better to think up this way and better avoid as much as possible on unwise spending on something that you cant really be able to use or not really that necssary.
Just like the rest been saying that it isnt bad to buy some of your wants but it should really be on controlled manner because if not then you would really be stashed out by lots of useless things and you do forget your priorities.

I agree absolutely  with you op and above all you've said, I think cutting down on luxury and contentment is one of the major factors why people aren't planning  for the future is because of peer pressure and lack of contentment and anyone who has contentment, doesn't get affected by what the society has to offer at any given point in time.

Having a budget is another factor that can't be over emphasized but I think most persons earn barely enough for feeding talk more of savings so we don't have to consider budgeting as a factor except for those who have more than enough for feeding.

You would be later on be minding about these stuffs on the time that you do see that your finances is depleting out. In order to avoid such condition then you should have done this earlier and not on the later part.
If you are really that not sensible towards your actions and doesnt mind about priorities and obligations then you would be simply be able to skip and made out such bad decisions instead.

[n0ne]

I agree absolutely  with you op and above all you've said, I think cutting down on luxury and contentment is one of the major factors why people aren't planning  for the future is because of peer pressure and lack of contentment and anyone who has contentment, doesn't get affected by what the society has to offer at any given point in time.

Having a budget is another factor that can't be over emphasized but I think most persons earn barely enough for feeding talk more of savings so we don't have to consider budgeting as a factor except for those who have more than enough for feeding.

Planning too much also makes life very boring. We should know which is important and which is not, for that we should set time duration. As in the op when we look for buying a product just wait for some time period and understand it's need. By then it is possible to understand whether it is utmost required or not. Based on that you can make the purchase. This way luxury spending can be limited and this is the best choice apart from budget planning where a major portion of unwanted expenses can be stopped.

[JeffBrad12]

budgeting and financial planning always work but it honestly also depends on the income, if our income are too small then everything would be over expenses, the first most essential thing is to improve the income first though financial planning and budgeting also should come together with that honestly and then we can start building up the funds that we have, growing wealth and many more.
but we must also remember the very reason why we want financial independence that is to spent for something that we want (well not necessarily overly luxurious items like sports car) and still have so much money left we could be living our dream life, this couldn't be realized by just saving, as my first point still stands, increasing income takes priority.

[dothebeats]

budgeting and financial planning always work but it honestly also depends on the income, if our income are too small then everything would be over expenses, the first most essential thing is to improve the income first though financial planning and budgeting also should come together with that honestly and then we can start building up the funds that we have, growing wealth and many more.
but we must also remember the very reason why we want financial independence that is to spent for something that we want (well not necessarily overly luxurious items like sports car) and still have so much money left we could be living our dream life, this couldn't be realized by just saving, as my first point still stands, increasing income takes priority.

Financial planning and budgeting revolve around the income you are getting. No matter how small or big your income is, it will then be used to layout your budget and plans. If you have a low income, you should not be buying stuff that is way out of your budget, you should try your best to compromise and stick with that plan. No matter how big or small your income is, those two are vital.

[Juse14]

I particularly liked your point 4. Make the 24 hour rule. I think it’s practicable and if done right, could help put off unnecessary spending.

Irrelevant purchases often happen on a whim and most people tend to give in to those urges to buy what would seem then to be urgently needed.
But if you could just put off buying that item for a while, you would realize you don’t really need it.

It's wise if we buy what we need, not what we want.
But I don't think everyone can do this because it is very difficult to do. However, if we can respect the decisions we have made to be wiser in allocating finances, this will be easier to do.

I personally haven't been able to fully do that, sometimes if I go to the supermarket or look at the online Shop when I want to buy the things I need there are always useless items that go into the basket.

It takes self discipline and consciousness to accomplish financial decisions, with these two elements it is very easy to manage expensive for financial budget. Sometimes when we buy things we Don't really need, we do it unconsciously and we later realised that the decision was made due to the result of urge and not because it was really important to get. Discipline and being very conscious of the decision made helps on how money is been spent.

This thing is not a difficult task if only one can stand by his/her decisions and never to expend money just to impress people but only go for exactly what is needed.

Discipline is really needed even in all aspects. With time discipline there are many things we can do, with discipline it makes us better at behaving. So with financial discipline, we will be wiser in managing expenses.

Self-awareness is very important to do to prevent us from doing reckless things when shopping. And I always try to do both of those things. It is very difficult to do and I admit that, at first it might be easy to do these two things, but this cannot last long with the many temptations and encouragement from outside that make our determination waver.

[ancafe]

Discipline is really needed even in all aspects. With time discipline there are many things we can do, with discipline it makes us better at behaving. So with financial discipline, we will be wiser in managing expenses.

Self-awareness is very important to do to prevent us from doing reckless things when shopping. And I always try to do both of those things. It is very difficult to do and I admit that, at first it might be easy to do these two things, but this cannot last long with the many temptations and encouragement from outside that make our determination waver.

I agree with the attitude and self-awareness of each of us to avoid unnecessary excessive spending, saving money is far more important in current economic conditions and if this discipline can be applied then at least we can adapt to changing economic conditions. Everyone has responsibilities towards their family and when the fulfillment of life as a support for basic needs is not fulfilled, family conditions will be much more difficult so we have to manage spending patterns very well.

Even though there is a temptation every time we see something to spend, when we are reminded of the basic needs that must be met, sometimes we will undo to buy something that is not really needed. Maintaining the stability of spending and meeting the needs of life with family are important and different things when someone doesn't have children and a wife because their responsibilities are not too big.

[edy_58]

budgeting and financial planning always work but it honestly also depends on the income, if our income are too small then everything would be over expenses, the first most essential thing is to improve the income first though financial planning and budgeting also should come together with that honestly and then we can start building up the funds that we have, growing wealth and many more.
but we must also remember the very reason why we want financial independence that is to spent for something that we want (well not necessarily overly luxurious items like sports car) and still have so much money left we could be living our dream life, this couldn't be realized by just saving, as my first point still stands, increasing income takes priority.

Can manage spending planning well even though a little income will be very good if we can do it. You are right by choosing additional income to supplement income, it would be very good to achieve financial independence and properly manage our expenses not to use on what we don't need so that we can save and it would be even better if we already understand investments we can invest to get more lots of extra income.

[xSkylarx]

budgeting and financial planning always work but it honestly also depends on the income, if our income are too small then everything would be over expenses, the first most essential thing is to improve the income first though financial planning and budgeting also should come together with that honestly and then we can start building up the funds that we have, growing wealth and many more.
but we must also remember the very reason why we want financial independence that is to spent for something that we want (well not necessarily overly luxurious items like sports car) and still have so much money left we could be living our dream life, this couldn't be realized by just saving, as my first point still stands, increasing income takes priority.

Financial planning and budgeting revolve around the income you are getting. No matter how small or big your income is, it will then be used to layout your budget and plans. If you have a low income, you should not be buying stuff that is way out of your budget, you should try your best to compromise and stick with that plan. No matter how big or small your income is, those two are vital.

If you are low in income, you should have more discipline in your budget and not overspend because if we do, that is where we get problems, and we tend to take out a loan or borrow money from someone, and that is where the endless playing on our borrowed money starts, which affects our budget. Though you will still need to budget if you have a big income, again, those with lower incomes are affected the most as they are just earning low.

[Mr. Magkaisa]

      -    I think for me setting up a budget will help a lot in my savings of potential crypto currencies besides Bitcoin. although there is a little difficulty in my situation because I don't earn that much every month, but if I only accompany it with discipline and self-control, I think this is a good step.

The right work is all that is needed to realize the plans to accumulate Bitcoin and other cryptocurrencies. So from what I see in what Op did, it's really good to use this implementation in our stay in the crypto industry.

[ultrloa]

budgeting and financial planning always work but it honestly also depends on the income, if our income are too small then everything would be over expenses, the first most essential thing is to improve the income first though financial planning and budgeting also should come together with that honestly and then we can start building up the funds that we have, growing wealth and many more.
but we must also remember the very reason why we want financial independence that is to spent for something that we want (well not necessarily overly luxurious items like sports car) and still have so much money left we could be living our dream life, this couldn't be realized by just saving, as my first point still stands, increasing income takes priority.

Financial planning and budgeting revolve around the income you are getting. No matter how small or big your income is, it will then be used to layout your budget and plans. If you have a low income, you should not be buying stuff that is way out of your budget, you should try your best to compromise and stick with that plan. No matter how big or small your income is, those two are vital.

If you are low in income, you should have more discipline in your budget and not overspend because if we do, that is where we get problems, and we tend to take out a loan or borrow money from someone, and that is where the endless playing on our borrowed money starts, which affects our budget. Though you will still need to budget if you have a big income, again, those with lower incomes are affected the most as they are just earning low.

Mistake of people is they didn't have proper budget plan towards what they earn that's why they go to their last option which is to borrow money since they don't have anything left anymore. If they could just settle up their needs and just spend according to what they earn maybe they will not go on situation where their loan amount pilled up.

So hard to teach other people on what they need to do since most of them learn from hard way and realize many things in life once they are in total danger.

[virasisog]

I particularly liked your point 4. Make the 24 hour rule. I think it’s practicable and if done right, could help put off unnecessary spending.

Irrelevant purchases often happen on a whim and most people tend to give in to those urges to buy what would seem then to be urgently needed.
But if you could just put off buying that item for a while, you would realize you don’t really need it.

It's wise if we buy what we need, not what we want.
But I don't think everyone can do this because it is very difficult to do. However, if we can respect the decisions we have made to be wiser in allocating finances, this will be easier to do.

I personally haven't been able to fully do that, sometimes if I go to the supermarket or look at the online Shop when I want to buy the things I need there are always useless items that go into the basket.

It takes self discipline and consciousness to accomplish financial decisions, with these two elements it is very easy to manage expensive for financial budget. Sometimes when we buy things we Don't really need, we do it unconsciously and we later realised that the decision was made due to the result of urge and not because it was really important to get. Discipline and being very conscious of the decision made helps on how money is been spent.

This thing is not a difficult task if only one can stand by his/her decisions and never to expend money just to impress people but only go for exactly what is needed.

Discipline is really needed even in all aspects. With time discipline there are many things we can do, with discipline it makes us better at behaving. So with financial discipline, we will be wiser in managing expenses.

Self-awareness is very important to do to prevent us from doing reckless things when shopping. And I always try to do both of those things. It is very difficult to do and I admit that, at first it might be easy to do these two things, but this cannot last long with the many temptations and encouragement from outside that make our determination waver.

Set aside your wants and needs. It is one of the main reason why we always end up being unable to save money or even run out short of budget. I follow the 50-30-20 rule, where you spend 50% of your money towards your needs, 30% to your wants, and 20% on your savings. But I usually ignore or lessen the things that I want to be able to save more money. Before buying something especially if it is not needed, I give it not just a second thought if I will be satisfied buying it or not before considering buying. This way I can avoid unnecessary expenses. Discipline is the number 1 key in saving money.

[tjtonmoy]

There's one thing I want to add to this. I have read the topic a while back, so I couldn't find any source. But if anyone remembers that, let me know. So the topic was about using paper cash money instead of money you can't see. When you go shopping, never use a card for payment. You will never get the amount of how much you are spending and how much you are left with.

With paper money, you are keeping track of how much you are spending and what you are left with. It's easy to count on the go with this. What happens with card payment system is, you keep on spending without realizing that you have gone over the budget. And there's no turning back.

That topic has helped me a lot. I am unable to find that topic. If I find that, then I'll share the source.

[Iroh]

Being careful in what to spend money on is not only about having a list of what you intend to buy at the mall or other narkets, what is important is being discipline. If you are not discipline then you could make some spendings not listed in your book because you allowed yourself to be distracted into something else. There is no rule that says if you have written something on a paper then you can't change the figures but it is discipline that will make you not to change it. Therefore someone who is discipline not to over spend outside his budget would not do that no matter the distraction.

Do you know being disciplined doesn't happen overnight? It's a process and there are steps you would have to take in order to be disciplined.
Having a list of what you need to purchase before going into the store is a step that helps the undisciplined individual try to remain focused on just the items on the list. Wouldn't you agree? Having a list with you when shopping so you wouldn't stray from the items listed is you literally trying to disciplined and careful on what you buy.

Someone who spends money always on irrelevant things can't overnight, become disciplined and strong willed about his spending habits.

[uchegod-21]

Being careful in what to spend money on is not only about having a list of what you intend to buy at the mall or other narkets, what is important is being discipline. If you are not discipline then you could make some spendings not listed in your book because you allowed yourself to be distracted into something else. There is no rule that says if you have written something on a paper then you can't change the figures but it is discipline that will make you not to change it. Therefore someone who is discipline not to over spend outside his budget would not do that no matter the distraction.

Do you know being disciplined doesn't happen overnight? It's a process and there are steps you would have to take in order to be disciplined.
Having a list of what you need to purchase before going into the store is a step that helps the undisciplined individual try to remain focused on just the items on the list. Wouldn't you agree? Having a list with you when shopping so you wouldn't stray from the items listed is you literally trying to disciplined and careful on what you buy.

Someone who spends money always on irrelevant things can't overnight, become disciplined and strong willed about his spending habits.

You both are saying the same thing from a different angle. I understand Palle11 as he said that it takes discipline to stick to budget. Using the shopping instance, you may have a list of what to buy, but due to you are not disciplined, you will not respect that very list and still go beyond your budget. In other words, a highly disciplined person without a list may decide not to spend more than $500 and it will happen, whether with or without a list.
Having a budget is in no doubt a step to avoiding unnecessary expenses, but it takes discipline to stick to the budget.