How to avoid over expenses and have discipline

[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.

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[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.

[Patrol69]

Everyone should know how he will spend his money before earning it. It is much easier to spend money than to earn money, so if we do not spend money in a controlled manner, no matter how much we earn, we will not have any money left. You must buy the things that are necessary in the world and it is better not to buy the things that are out of necessity that will last you a day. If you have a habit of eating in restaurants with your friends, then you have to change that because the restaurant meals are usually very expensive. Also, if you have 4-5 friends and you pay the food bill of those four or five friends, then your restaurant bill will be a lot. Money will go away. Maybe your friends will speak differently to you some day but develop habits that will bring good things in your life. Money is worth a lot in life, so if you spend money unnecessarily, you will understand the value of money when you need it a lot.

[red4slash]

Everyone should know how he will spend his money before earning it. It is much easier to spend money than to earn money, so if we do not spend money in a controlled manner, no matter how much we earn, we will not have any money left. You must buy the things that are necessary in the world and it is better not to buy the things that are out of necessity that will last you a day. If you have a habit of eating in restaurants with your friends, then you have to change that because the restaurant meals are usually very expensive. Also, if you have 4-5 friends and you pay the food bill of those four or five friends, then your restaurant bill will be a lot. Money will go away. Maybe your friends will speak differently to you some day but develop habits that will bring good things in your life. Money is worth a lot in life, so if you spend money unnecessarily, you will understand the value of money when you need it a lot.

Don't get into the habit of doing something that is often said to be "bigger a peg than a pole". I am a believer that when someone has more income, then their expenses will be greater than someone who has less income. At first glance, maybe we won't find anything wrong with it all, but when we are more careful, we will immediately find the location of the mistake. For example, we have an income of say $ 300 in a month and the total of all our expenses that we can combine is $ 30 or 10% of our income. Then when we can multiply the income we receive to $ 600 for example, how much money can we save? I also thought at first it was around $60 or 10% of our latest income, but it turned out to be wrong because that means we are also wasting what we originally spent $270 was 2x as much.
Things like this are like trivial things, but if we can change this habit then the positive impact will be bigger. And I can also realize things like this from experience and also learn from reading and watching several videos that are spread on many social media.

[lizarder]

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.

In principle each person must have different income and expenses so that in order to live frugally and achieve financial freedom, they also have different levels and parenting styles. Therefore, only we as individuals know how to live with discipline and spend money according to the portion needed. Make life a priority in achieving financial freedom, manage savings or investments and you can also start a small business to increase your income because when many sources give us profits, even if they are small, it will be easier for us to manage our finances.

A plan is a basic framework for us to start something, for example when we want to run a business, what steps do we need to take first, and vice versa with investment. When life has a plan, it will be easy for us to achieve because we know what we have to do first, everyone has to look for it because in this world nothing comes for free, especially when it comes to financial freedom. If people do not have plans and skills to achieve everything they want, it will be difficult for them to make it happen.

[Gozie51]

Everyone should know how he will spend his money before earning it. It is much easier to spend money than to earn money, so if we do not spend money in a controlled manner, no matter how much we earn, we will not have any money left. You must buy the things that are necessary in the world and it is better not to buy the things that are out of necessity that will last you a day. If you have a habit of eating in restaurants with your friends, then you have to change that because the restaurant meals are usually very expensive. Also, if you have 4-5 friends and you pay the food bill of those four or five friends, then your restaurant bill will be a lot. Money will go away. Maybe your friends will speak differently to you some day but develop habits that will bring good things in your life. Money is worth a lot in life, so if you spend money unnecessarily, you will understand the value of money when you need it a lot.

I think the buttom line here is to set yourself up nicely because there are still people who enjoy the luxury of eating out and eating with friends even in the economic meltdown. It is all about what financial capacity you have. Of course the example you gave is apt for those who are going down in finance or having dwindling financial returns so they can cut down on cost and follow a more prudent lifestyle and that includes to live a secluded lifestyle. When you don't have much financial capacity city then you could start avoiding people and friends.

[so98nn]

Wow the 24 hour rule seems really amazing. It does make sense that it’s all about the adrenaline that pumps us into doing things that we were not supposed to do in the first place. I definitely got convinced with this point for sure. Recently I have started to have 50-50 shares on Bitcoin-Gold. I mean holder of Bitcoin but I mess up things when bitcoin becomes very volatile at a times. So to back up my investment and make it more stable I have started buying digital gold too. It secured my investment with stable course of development. Plus both of them make sure that I am saving plenty amount of money for my future life.
My expenses would go in the list after I have made the above said share. It does help me.

[Dickiy]

Everyone should know how he will spend his money before earning it. It is much easier to spend money than to earn money, so if we do not spend money in a controlled manner, no matter how much we earn, we will not have any money left. You must buy the things that are necessary in the world and it is better not to buy the things that are out of necessity that will last you a day. If you have a habit of eating in restaurants with your friends, then you have to change that because the restaurant meals are usually very expensive. Also, if you have 4-5 friends and you pay the food bill of those four or five friends, then your restaurant bill will be a lot. Money will go away. Maybe your friends will speak differently to you some day but develop habits that will bring good things in your life. Money is worth a lot in life, so if you spend money unnecessarily, you will understand the value of money when you need it a lot.

I think the buttom line here is to set yourself up nicely because there are still people who enjoy the luxury of eating out and eating with friends even in the economic meltdown. It is all about what financial capacity you have. Of course the example you gave is apt for those who are going down in finance or having dwindling financial returns so they can cut down on cost and follow a more prudent lifestyle and that includes to live a secluded lifestyle. When you don't have much financial capacity city then you could start avoiding people and friends.

Yes, that's right, just like the title above, avoid excess and be more disciplined in using money. Yes, it's like nothing happened to them even though the economy is in crisis but they still have excessive habits there, with some luxuries as you mentioned above. But yes as you said it will all go back to the financial level of each - each, if they are indeed from a well-off family and even have above-average abilities then maybe by acting excessively it will not affect their finances at all, they may already have large savings for the future. But for those of you who have below average finances I hope you don't do the same thing as them, okem I understand that everyone wants to live a glamorous life with full sufficiency in their lives, but you also have to be aware of your current financial situation.

So it's better as you said, avoid overspending, use your money very wisely and don't do things that can make your expenses even greater. Living simply is not bad, you can live like everyone else when your finances are back.

[bayu7adi]

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.

Many people still remain quite flexible when it comes to budgeting, and it often happens that one's expenses tend to exceed their budget limits. Changing someone's habits isn't easy solely through budgetary constraints; it truly depends on human desires, how much they crave something, and how much they're willing to spend.

I've tried implementing budget restrictions for my weekly shopping several times, and what often occurs is exceeding my budget. One of the influencing factors is the strength of one's intent and the discipline to make wise decisions.

If you have a spouse, seek their assistance in being a reminder of the amount you're spending. A spouse plays a significant role in improving financial matters, and they can even be a catalyst for frugality within the family.

[TheSpiral]

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.

In past there was trouble in budget a money because at that time all people were involved in only a single job but presently everyone rushes towards online work as a part time job because they know that budget money will be only possible if they do main job as well as part time job. Lots of other people are also part of this world who don't have any job and now they are unable to pay bills and eat well.

What I think is that either they are not familiar with online jobs, trading and investment or may be they are preferring government jobs only. Therefore under these circumstances they just focus on the initial days of month as they will receive payment and fulfil all requirements of family.

Budgeting money is not hard but For it a specific planning and hardwork through participation in online investment and setting a business is needed.

[Lanatsa]

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.

In past there was trouble in budget a money because at that time all people were involved in only a single job but presently everyone rushes towards online work as a part time job because they know that budget money will be only possible if they do main job as well as part time job. Lots of other people are also part of this world who don't have any job and now they are unable to pay bills and eat well.

What I think is that either they are not familiar with online jobs, trading and investment or may be they are preferring government jobs only. Therefore under these circumstances they just focus on the initial days of month as they will receive payment and fulfil all requirements of family.

Budgeting money is not hard but For it a specific planning and hardwork through participation in online investment and setting a business is needed.

Not really that totally be depending on how much job you do have but rather it would really be depending on how much you do earn. Even having that single job but it does really pay well or big enough to sustain

your living then you wont really be tending to find for another one job or other income source which you do really already find out that it was really just that enough for you. We know that having multiple income source does really give out that kind of benefit on which you could really be earning more but it would really be just that on the same sense on having a single job but it do really pays equal on having a 2 job.
Therefore, you would really be that confident that you wont be needing to find another one which it would really be just that a common approach for someone in terms of income making or finding some source of
money or stream income flow.

Expenses is really that a normal phase in someones life on which it would really be just that common that spending is part of living but it should really be handled with moderation if you dont really like for things to messed up. You would really be needing that kind of management and control if you do want on having that good way of spending which it should really be that only enough and not really going on excess because once you do then this is where problem do starts.

[Pamadar]

Everyone should know how he will spend his money before earning it. It is much easier to spend money than to earn money, so if we do not spend money in a controlled manner, no matter how much we earn, we will not have any money left. You must buy the things that are necessary in the world and it is better not to buy the things that are out of necessity that will last you a day. If you have a habit of eating in restaurants with your friends, then you have to change that because the restaurant meals are usually very expensive. Also, if you have 4-5 friends and you pay the food bill of those four or five friends, then your restaurant bill will be a lot. Money will go away. Maybe your friends will speak differently to you some day but develop habits that will bring good things in your life. Money is worth a lot in life, so if you spend money unnecessarily, you will understand the value of money when you need it a lot.

I think the buttom line here is to set yourself up nicely because there are still people who enjoy the luxury of eating out and eating with friends even in the economic meltdown. It is all about what financial capacity you have. Of course the example you gave is apt for those who are going down in finance or having dwindling financial returns so they can cut down on cost and follow a more prudent lifestyle and that includes to live a secluded lifestyle. When you don't have much financial capacity city then you could start avoiding people and friends.

It usually happened, even in this type of economy people continue to spend more compared to how they earn their money, with a kind of gestures it will be tough to cover your finances.

Controlling everything in the right sense and in the manner of saving things for a better future may help
to use your money from what you need and not for not what you want, it's your knowledge to save up
some of your spare and make sure to have that limitations in terms of overspending your money.

[gunhell16]

Everyone should know how he will spend his money before earning it. It is much easier to spend money than to earn money, so if we do not spend money in a controlled manner, no matter how much we earn, we will not have any money left. You must buy the things that are necessary in the world and it is better not to buy the things that are out of necessity that will last you a day. If you have a habit of eating in restaurants with your friends, then you have to change that because the restaurant meals are usually very expensive. Also, if you have 4-5 friends and you pay the food bill of those four or five friends, then your restaurant bill will be a lot. Money will go away. Maybe your friends will speak differently to you some day but develop habits that will bring good things in your life. Money is worth a lot in life, so if you spend money unnecessarily, you will understand the value of money when you need it a lot.

You know, even up until this point, a lot of individuals still find it simple to spend money even though they are aware of how difficult it is to make a living. He is paid well, just like someone I know who works in a call center, yet he has a lavish lifestyle.

As a result, he constantly complains to me about his financial situation since he claims he has numerous high-cost bills to pay, including his energy bill and other expenses. However, he is unaware of the outlays he incurs for himself. Therefore, he continues to exhibit poor money management, which he could actually avoid if he knew how to do it.

[bayu7adi]

You know, even up until this point, a lot of individuals still find it simple to spend money even though they are aware of how difficult it is to make a living. He is paid well, just like someone I know who works in a call center, yet he has a lavish lifestyle.

As a result, he constantly complains to me about his financial situation since he claims he has numerous high-cost bills to pay, including his energy bill and other expenses. However, he is unaware of the outlays he incurs for himself. Therefore, he continues to exhibit poor money management, which he could actually avoid if he knew how to do it.

Typically, one's occupation tends to steer them toward diverse lifestyles. People often prioritize their social image over embracing a genuine life that aligns with their true needs.

I, too, have experienced being in such a position, where changing jobs to one with a higher salary does not necessarily lead to wealth, as long as we cannot control our lifestyle. Opting for a simple and balanced lifestyle is the wisest choice, where individuals need only enhance their attitude to earn respect from those they communicate with. Instead of amassing wealth to finance luxury items, it is better to cultivate courtesy and friendliness toward others. That is what will attract genuine friendships.

The wiser you become in managing your lifestyle and finances, the slowly but surely your economic situation will improve.

[Antotena]

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.

I find it amazing when I see people adjust during hard times but I think that a point will come when you will keep adjusting to a breaking point that you cannot help but to accept that reality. The number 1 OP explain is really needed whether things cost or not but with the way price of things are skyrocketing everyday, one will sit one day and start crying because it's seems things are getting expensive everyday.

One of the things to cut expenses is to buy in bulk, this has help to avoid been cheated because I noticed that buying items in small quantity sometime is not favorable like when you buy in bulk quantity and it also save you sometimes when you go back to store to buy the same item only to be told that it has increased in price. Having them at bulk at home save you this stress.

[terrific]

There is this thing that we call in budgeting and if you don't do it then you're like a rapper that has his own freestyle.
Who's been doing the freestyle strategy in budgeting? Like you don't allot budget and you're spending randomly together with your needs and wants?
It's time for you guys to start making a plan and setting yourself on how much you want to spend. Because if you're not careful with it, those little spending habits that you've been doing, it is going to make you realize that from those little amounts when combined then it makes it quite big just as a sinking ship with little holes.

[serjent05]

In addition to the replies, I believe this topic is a kin to this article: How to Stop Spending Money.

In this article, the content tackles the 5 Reasons we can’t stop spending money which are listed the cause as:

• Social Media
• Not Tracking Your Spending
• Shopping to Feel Better
• Lack of Self-Awareness
• Paying With Plastic

then is given a solution by the following list on how to stop spending our money like:

• Know what you’re spending money on.
• Make your budget work for you
• Shop with a goal in mind
• Stop spending money at restaurants
• Resist sales
• Swear off debt
• Delay gratification
• Challenge yourself to reach your new goals

Explanation of each on the list is stated on the link given above.

[Sexylizzy2813]

According to the title I don't think one who has lot of money can resist that temptation not to spend.
In as much as you try your possible best to control the way you throw cash on things just to leave a comfortable life you'll still have that crazy voice in your head say "you can still get it in less than 1 day".
To me I think is only those who knows how hard it is to get those funds are the ones who can have that discipline and avoid over spending, a poor man can't start spending cash lavishly knowing quite alright that it will take him like 3 months to get to that certain amount, like that's not possible for someone who doesn't have much.

[bayu7adi]

According to the title I don't think one who has lot of money can resist that temptation not to spend.
In as much as you try your possible best to control the way you throw cash on things just to leave a comfortable life you'll still have that crazy voice in your head say "you can still get it in less than 1 day".
To me I think is only those who knows how hard it is to get those funds are the ones who can have that discipline and avoid over spending, a poor man can't start spending cash lavishly knowing quite alright that it will take him like 3 months to get to that certain amount, like that's not possible for someone who doesn't have much.

Isn't it a natural cycle that should occur? Where the wealthy should promptly spend their money at stores or in the market so that money can continue to circulate for the benefit of others. If the rich were to save like the poor, the flow of money would slow down, causing economic imbalances. We are indeed taught to save and be frugal from a young age, but I believe that's circumstantial.

Wealthy individuals, please be generous, and those with fewer means, avoid greed. If the world operates in this manner, I am confident that everything will be just fine.

[fauzan Ichsan]

According to the title I don't think one who has lot of money can resist that temptation not to spend.
In as much as you try your possible best to control the way you throw cash on things just to leave a comfortable life you'll still have that crazy voice in your head say "you can still get it in less than 1 day".
To me I think is only those who knows how hard it is to get those funds are the ones who can have that discipline and avoid over spending, a poor man can't start spending cash lavishly knowing quite alright that it will take him like 3 months to get to that certain amount, like that's not possible for someone who doesn't have much.

Isn't it a natural cycle that should occur? Where the wealthy should promptly spend their money at stores or in the market so that money can continue to circulate for the benefit of others. If the rich were to save like the poor, the flow of money would slow down, causing economic imbalances. We are indeed taught to save and be frugal from a young age, but I believe that's circumstantial.

Wealthy individuals, please be generous, and those with fewer means, avoid greed. If the world operates in this manner, I am confident that everything will be just fine.

Accumulating money is not an effective way to protect the value of that money, therefore it is better to spend money to protect its value, just like investing, so that the money in our hands is only limited to supporting life's needs, and let the money we previously spent work. that way the value will not shrink and we will even make a profit in the long term. But to achieve this, of course we have to have knowledge before spending money in the right way