How to avoid over expenses and have discipline

[bbigtart]

I think to achieve financial freedom you don't need to have all of these seven points because talking about financial freedom is different from the stage of achieving wealth. Savings are also needed as an anticipatory measure if something unexpected happens because if needed you don't need to sell your assets.

It's just that you can adjust the percentage of savings according to your desire to achieve a level of financial freedom or in other words to grow a much more developed investment. Savings are not productive because the longer the money we save will lose value and sometimes we only need to save a few percentages as a preparatory step and it is impossible to talk about investment or anything if someone does not have savings as a necessary step.

what you said is very true, to achieve financial freedom sometimes what is needed is simple, namely in a way that we can manage expenses and can use money to save and invest. As you said, savings are a precautionary measure in the face of undesirable and unpredictable events. Besides, everyone has different finances, so only we can adjust our financial plans for the future ourselves. What we need to do is start the plan correctly and consistently so that our goal of achieving the desired financial freedom is achieved.

Yes, investing is a wise choice rather than saving too much at the bank, because if all the money is saved at the bank, you will lose because the value of the currency falls. In conclusion, if you have the guts, plus if you are smart about promotion, it is better to make money by doing business, such as selling online or offline. If you really don't have skills in the business field, what you have to do is trade and invest to achieve financial freedom.

[Aanuoluwatofunmi]

I have learned advice from books about being successful. And there it is stated that the people we call rich have at least 3 sources of income. And to achieve financial freedom we need at least 7 incomes. Such as salaries, dividends, rental properties, capital gains and many other types.

We need to be a reader because readers are always leaders, in reading, we get exposed to some certain things that needs more of our salient attention, we need to expand our coast of learning and erase the limit to how far we can go in reading, in so doing we are getting more experience in a logical format through reading books and the ideas gotten from doing so, but I don't think we really have to engage into having upto seven businesses or what we do before we can be successful, this is not saying about diversification, but avoiding waste of time in doing other things unproductive.

[Mame89]

If you remember that current economic conditions still tend to change and have not fully improved, it could indeed be very good if you consider saving in other ways besides saving money. But this option to save in other ways is only often used by investors who want to save the value of their assets into stablecoins besides continuing to invest in property and Bitcoin. Whereas people who don't like investing in property and Bitcoin will make their savings through gold if they don't like saving money in cash in their lives because of inflation or deflation that can arise at any time.

Gold is for storing value, you can use it to store wealth so no matter the currency inflation your value is maintained. Bitcoin for cross-border payments, investments etc. So you are right, it depends on what you want. And it's true that people who don't like bitcoin investment also have their own views. They will definitely think that bitcoin has no guarantees, if gold is guaranteed.

But personally, gold is not an investment tool, but more suitable as a guarantor of money, the point is this. Suppose we have $ 2000, then we save $ 1000 in cash and $ 1000 if we buy a few grams of gold and we save it. In the future, of course the cash we save will have a lower value, but gold, the gram value will remain the same but the price will certainly be different. So you could say that saving gold is guaranteeing money/assets.
Meanwhile, bitcoin investment, I think if there was an internet apocalypse and all data was lost, hope would be gone, that's the only thing I'd be afraid of. The rest is the best investment in Bitcoin for a better future. That's just my personal assumption

[Pamadar]

We all are more or less familiar with such situations due to recession and competition corruption, monetization has become a big problem these days. Also in a situation where the price of every thing is high due to inflation in the case of the country's economy as in the case of the country's economy, budgeting is done at a certain time interval to analyze the previous expenses and to create an outline of the possible income and expenses of the future just like in our personal life at the beginning of each month the current income is based on the expenses of the previous month. A budget should be prepared for the probable expenses of the month. And while budgeting focus should be on minimizing expenses and maximizing savings. Also it is better to invest along with savings investing in crypto will not affect inflation.

Focus on budgeting and managing your money movements, both incoming and outgoing, meaning to say your source of income vs. your expenses. You need to balance and make sure to adjust.

If possible, to find an additional source of income and make sure that big part of it will go to your savings
and not just for your extra expenses, that will help a lot in terms of your financial capabilities, it's tough
but always doable if you are keen on finding more source of potential income,.

[macson]

Isn't it stressful when we spend more than expected, right? especially if we follow a budget, having a smart spending habit is a good way to avoid such situations or events.
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2. Find out what triggers the cost
            It's important that we know this if it's stress, boredom, pressure from friends, need to follow the trend and so on. It is important that we have discipline in these things if you want to avoid overspending. For example, if you're bored, you hang out online shopping at Lazada, Amazon, and others, this habit should be replaced with something more productive, such as cleaning the house and others where you can avoid it and do something good.

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often external validation makes us spend money that we don't really need to spend in order to get recognition from friends or follow current trends, for example, when friends buy shoes worth $1000, we don't want to lose, we instead buy shoes that cost $2000, i often encounter traits like this in my circle of friends and if we continue to follow them then traits like this will make us poorer and get into debt.

The discipline of managing finances is not easy but not difficult, the important thing is that we have to control our desires to buy things we don't need, it's better if we invest the money in important things like Bitcoin or other assets rather than buy luxury goods which in the next few months will experience price depreciation.

[Lanatsa]

1. Make a realistic budget

This one should really be that relevant or something that i would really be recommending considering that having a proper budget allocation would be always that ideal because you do already allocate
budget on a certain thing which you do already have the idea on what and where to spend those allocations which would really be basing up.Going excessively? Then you would be needing to
compensate and this would be through adding more income via investment or on having other jobs that you could do.

People would be finding themselves get overdropped on the time that they would be spending more on what they do earn and this had been the common mistake which needs up to be lessen.
We do know that there are certain moments or conditions in life which would be requiring that huge funds, this is why emergency funds is really that taking its role
and this is why you should know on when to make use of it.

[lockingbay]

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 activities.

For sure I only use many things like saving money for a winter season and much more. It gives me Courage and to do much more in my life. So saving is best option for me in this world.

[xSkylarx]

You don't need to eat at those expensive restaurants if you can eat it in a normal restaurant, because if you are just earning minimum wage, then you don't need to eat at those restaurants. Don't be fancy, and you are right, don't buy those nonsense items that you don't need. It is really about self-control because, as others have stated, if you can't afford it, don't push yourself to afford it at that time; instead, work hard so that you can afford it in the future. Right now, because of the high prices, people are sure getting a budget on everything.

Sure, you do not need those things, however, people are living not only needing lives. We have desires, ambitions, self esteem and endeavour for realisation. We have to earn our place in society. And that is why we are doing a lot of things. Yes, we could not do it, but then our lives would look dull, savourless and boring. A person should strive for something, desire something. Only then does he or she feel alive.

But in the meantime, you should be disciplined with your spending if you are just earning the minimum wage. Yes, all of us have desires and ambitions that we need to gradually achieve, but that doesn't mean that you should make an abrupt move because your life is boring. In the meantime, to achieve those dreams you want, you need to have discipline in life, not only in finances, because how would you be achieving your wants if you were already broke.

[lienfaye]

You don't need to eat at those expensive restaurants if you can eat it in a normal restaurant, because if you are just earning minimum wage, then you don't need to eat at those restaurants. Don't be fancy, and you are right, don't buy those nonsense items that you don't need. It is really about self-control because, as others have stated, if you can't afford it, don't push yourself to afford it at that time; instead, work hard so that you can afford it in the future. Right now, because of the high prices, people are sure getting a budget on everything.

Sure, you do not need those things, however, people are living not only needing lives. We have desires, ambitions, self esteem and endeavour for realisation. We have to earn our place in society. And that is why we are doing a lot of things. Yes, we could not do it, but then our lives would look dull, savourless and boring. A person should strive for something, desire something. Only then does he or she feel alive.

But in the meantime, you should be disciplined with your spending if you are just earning the minimum wage. Yes, all of us have desires and ambitions that we need to gradually achieve, but that doesn't mean that you should make an abrupt move because your life is boring. In the meantime, to achieve those dreams you want, you need to have discipline in life, not only in finances, because how would you be achieving your wants if you were already broke.

I agree. Prioritize the needs first, before the wants and be practical (for now). If you have desires that you want to achieve then work on it, strive hard so you can turn your dreams into reality. However, if your current situation is hindering you to achieve whatever goal you have in life then it's time to do something that can help to change what you used to.

On the other side, to avoid the short of budget due to unnecessary expenses, before your pay day, list down the essential things (food, bills, transpo etc.) so you can budget beforehand the amount allocated for these expenses. Don't spend more than what you can earn to be able to save some money for the future. Discipline is important if you don't want to struggle financially. Much better if you can increase your earnings by looking for a side hustle and not just relying alone in your main job.

[Etranger]

You don't need to eat at those expensive restaurants if you can eat it in a normal restaurant, because if you are just earning minimum wage, then you don't need to eat at those restaurants. Don't be fancy, and you are right, don't buy those nonsense items that you don't need. It is really about self-control because, as others have stated, if you can't afford it, don't push yourself to afford it at that time; instead, work hard so that you can afford it in the future. Right now, because of the high prices, people are sure getting a budget on everything.

Sure, you do not need those things, however, people are living not only needing lives. We have desires, ambitions, self esteem and endeavour for realisation. We have to earn our place in society. And that is why we are doing a lot of things. Yes, we could not do it, but then our lives would look dull, savourless and boring. A person should strive for something, desire something. Only then does he or she feel alive.

But in the meantime, you should be disciplined with your spending if you are just earning the minimum wage. Yes, all of us have desires and ambitions that we need to gradually achieve, but that doesn't mean that you should make an abrupt move because your life is boring. In the meantime, to achieve those dreams you want, you need to have discipline in life, not only in finances, because how would you be achieving your wants if you were already broke.

I agree. Prioritize the needs first, before the wants and be practical (for now). If you have desires that you want to achieve then work on it, strive hard so you can turn your dreams into reality. However, if your current situation is hindering you to achieve whatever goal you have in life then it's time to do something that can help to change what you used to.

On the other side, to avoid the short of budget due to unnecessary expenses, before your pay day, list down the essential things (food, bills, transpo etc.) so you can budget beforehand the amount allocated for these expenses. Don't spend more than what you can earn to be able to save some money for the future. Discipline is important if you don't want to struggle financially. Much better if you can increase your earnings by looking for a side hustle and not just relying alone in your main job.

I agree that the financial sphere and life in general require discipline and responsibility. But I'm also sure that if a person only thinks about limiting own spending because he is earning a minimum wage, he'll never start earning more. Because it is always easier to sit and do nothing and think that you have no conditions and opportunities, and that if everything was different for you, then you would earn more and satisfy your desires. This is a passive position. A person must act, must look for ways to achieve what he wants. And not to complain that he has nothing. Because it will continue for him like this with nothing.

[kojektea]

I agree with the first point. that's really necessary. Even some influencers who are really rich say that rich people are actually people who buy things they use, not just for prestige. that is their principle when they become rich. I also try to follow this style to save more on expenses.

[YUriy1991]

5. Set a budget
            Allocate a limit on expenses, know all areas of expenses from food, rent, electricity, water, shopping and other things related to spending. Once you set all of your spending limits, make sure to follow them and do it because everything will be ignored if you don't do it.

I hope this somehow helped us and the community here on the forum.

I think the 5th point is able to represent everything. The first thing we have to do is calculate it, namely the fixed monthly funds that come from income and after everything has been described, we will find out how many plots of funds we can use to invest in the world of digital currency. My advice is to buy BTC with the DCA Method. Indeed, the impression is simple, but if we are disciplined and you won't feel it, if you collect a lot of it. If you can afford to buy now, it means you can get a big bonus in your work.

[Pamadar]

I agree with the first point. that's really necessary. Even some influencers who are really rich say that rich people are actually people who buy things they use, not just for prestige. that is their principle when they become rich. I also try to follow this style to save more on expenses.

Valuing money over your luxurious way of life will affect you in terms of your financial capabilities, if you can control and manage
your finances the right way.

It's more on how you see the possibilities, if you have that chance to buy what you need and not what you
want, it will develop good control over yourself, more on self-will and good managements of your self
control, very usable to give you a better life in terms of financial capabilities.

[dunfida]

You don't need to eat at those expensive restaurants if you can eat it in a normal restaurant, because if you are just earning minimum wage, then you don't need to eat at those restaurants. Don't be fancy, and you are right, don't buy those nonsense items that you don't need. It is really about self-control because, as others have stated, if you can't afford it, don't push yourself to afford it at that time; instead, work hard so that you can afford it in the future. Right now, because of the high prices, people are sure getting a budget on everything.

Sure, you do not need those things, however, people are living not only needing lives. We have desires, ambitions, self esteem and endeavour for realisation. We have to earn our place in society. And that is why we are doing a lot of things. Yes, we could not do it, but then our lives would look dull, savourless and boring. A person should strive for something, desire something. Only then does he or she feel alive.

But in the meantime, you should be disciplined with your spending if you are just earning the minimum wage. Yes, all of us have desires and ambitions that we need to gradually achieve, but that doesn't mean that you should make an abrupt move because your life is boring. In the meantime, to achieve those dreams you want, you need to have discipline in life, not only in finances, because how would you be achieving your wants if you were already broke.

I agree. Prioritize the needs first, before the wants and be practical (for now). If you have desires that you want to achieve then work on it, strive hard so you can turn your dreams into reality. However, if your current situation is hindering you to achieve whatever goal you have in life then it's time to do something that can help to change what you used to.

On the other side, to avoid the short of budget due to unnecessary expenses, before your pay day, list down the essential things (food, bills, transpo etc.) so you can budget beforehand the amount allocated for these expenses. Don't spend more than what you can earn to be able to save some money for the future. Discipline is important if you don't want to struggle financially. Much better if you can increase your earnings by looking for a side hustle and not just relying alone in your main job.

I agree that the financial sphere and life in general require discipline and responsibility. But I'm also sure that if a person only thinks about limiting own spending because he is earning a minimum wage, he'll never start earning more. Because it is always easier to sit and do nothing and think that you have no conditions and opportunities, and that if everything was different for you, then you would earn more and satisfy your desires. This is a passive position. A person must act, must look for ways to achieve what he wants. And not to complain that he has nothing. Because it will continue for him like this with nothing.

Getting jealous or having envy into those people who are financially capable isnt really that bad as long you dont make yourself that climbing up the stars without having that action which it would really be leading into those things or acts which would really be illegal. This is why it would really be that wise that you should work hard and invest more or something that do talks about adding income source which is something that really be your target on doing so. There's no sense on spending money which is something that more than on what you do earn and its not something worth on doing so.

Always be mindful about your income source and the money you should spend should really be first on your priorities in life. If you do wish on having no struggle in terms of finances then you should work hard for it.
Getting envious is normal but if you dont act out and not doing something for good or better then you wont really be changing up your condition. The fact that the economic situation getting up more
worst then it would really be affecting you that badly if you do still keep on earning the same numbers or income for how many years. Try to make yourself enhanced or upgrade.

[Peanutswar]

The ideal is when you receive money better to break it down immediately how much will be your needs like rent, food, clothes, etc. just the basic needs to survive including the expenses with the bills Next is the remaining money can be used now to your wants and savings, better if the savings is more higher than the wants, it's all about the future it's also for the current state of emergency you can have a budget and not asking for other people just to borrow some money.

[romero121]

The ideal is when you receive money better to break it down immediately how much will be your needs like rent, food, clothes, etc. just the basic needs to survive including the expenses with the bills Next is the remaining money can be used now to your wants and savings, better if the savings is more higher than the wants, it's all about the future it's also for the current state of emergency you can have a budget and not asking for other people just to borrow some money.

Agreed, it is good to keep the fund as a whole than breaking. When breaking the funds be precise and never keep on breaking. Having the savings higher is the best choice. Beyond all this I personally see the spending based on what we have as the prime factor to keep things under control and have discipline on our expenses. When people calculate based on what we get in the future and making plans will end in debts.

[Iroh]

1. Make a realistic budget
This one should really be that relevant or something that i would really be recommending considering that having a proper budget allocation would be always that ideal because you do already allocate
budget on a certain thing which you do already have the idea on what and where to spend those allocations which would really be basing up.Going excessively? Then you would be needing to
compensate and this would be through adding more income via investment or on having other jobs that you could do.

Anyone could make a budget and can still end up end up not following through with it. But with a realistic budget and plan, following through on the budget would seem easier.
We all know what we spend money excessively on and if we could try and cut down on irrelevant things, that would be a start towards being responsible on our spending. I think a realistic budget, when planned right and followed up judiciously, it would definitely help curb unnecessary expenses reducing all the expenses and making some extra money left towards doing something better.

[HONDACD125]

The ideal is when you receive money better to break it down immediately how much will be your needs like rent, food, clothes, etc. just the basic needs to survive including the expenses with the bills Next is the remaining money can be used now to your wants and savings, better if the savings is more higher than the wants, it's all about the future it's also for the current state of emergency you can have a budget and not asking for other people just to borrow some money.

Desires are many and never ending. No one can ever fulfill all their desires. Even if we live for a lifetime, all our desires cannot be fulfilled. Therefore, those who keep their desires to a minimum live a peaceful life in the world. The more a person earns, the more his needs increase.

No matter how much we earn, first we have to meet our daily needs. Food, children's expenses, bills, all these things we have to pay anyway. After all these things then we have to think about our savings. By reducing some of our wants we can increase our savings and by revising our spending we can increase our savings. Every person should have savings to deal with emergencies or any future situation, so it is better to prepare yourself for such a situation, and this is possible only when you You can save from your expenses.

[Bitcoin_people]

3. Break down luxury expenses
             Try to list the things you have spent and separate the luxury and the things you have spent. It is important that you know what is really needed and the word I deserve it.

There are some important checklists that we must follow in order to run well in our day-to-day life. We are prone to many financial problems especially when we look for ways to break even more money than we earn. However, if we don't save what we earn and spend it all and live a life of luxury, it will never bring us success in the future. Keeping track of our accounts and spending is the key to good money in the future. Spending money unnecessarily will not change the key of our life and we will lose the important things in life. That's why we should decide not to live in luxury but to invest some money and save later so that future success will come. If we can't do it in the evening of money, we just spend it, then this need will not be exhausted throughout our life, but we will need it, and we have to follow all the rules in the matter of money.

[Ancemon1]

You don't need to eat at those expensive restaurants if you can eat it in a normal restaurant, because if you are just earning minimum wage, then you don't need to eat at those restaurants. Don't be fancy, and you are right, don't buy those nonsense items that you don't need. It is really about self-control because, as others have stated, if you can't afford it, don't push yourself to afford it at that time; instead, work hard so that you can afford it in the future. Right now, because of the high prices, people are sure getting a budget on everything.

I think some people spend a lot of money because they want to reduce excessive stress and depression for example by shopping. As a result they often buy things they don't even want just for the feeling they get as a result. But this will not be effective, because in stressful conditions you have a very big opportunity to lose control of yourself. To avoid such activities, try to replace them with more positive activities, for example by listening to music, sleeping or taking a trip to a beautiful place.