How to avoid over expenses and have discipline

[benalexis12]

Sometimes we people, even though we know what to do in managing our money to be budgeted, take care of it because we think that we have worked hard for it, so maybe it's not bad to give ourselves a gift. Sometimes we don't notice that we will also be affected in the end. Although we already know the guidelines that should be followed as given by the OP, it is up to us if we follow them. Which is also where we often don't use the discipline on ourselves, so the result is that we always fall short of our budget. This is the problem that, until now, the majority of the community has been facing here in the industry that we live in, the crypto space.

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[MainIbem]

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.

Do you know that no matter how you tried to set a budget must still encounter additional expenses why?
Because you can't predicts when you should be sound health or ill health, at this point if you expenses were calculated or brought out for the month and you removed all then keep the savings do you mean that you won't take care of your health or that of your wife and children?
No you must in as much you have already involved yourself in family way so you spend when you don't want to spend your money, and sees more problems comings either from your personal family or from your in-laws family's provided that you are married you must encounter expenses.

[slapper]

Sometimes we people, even though we know what to do in managing our money to be budgeted, take care of it because we think that we have worked hard for it, so maybe it's not bad to give ourselves a gift. Sometimes we don't notice that we will also be affected in the end. Although we already know the guidelines that should be followed as given by the OP, it is up to us if we follow them. Which is also where we often don't use the discipline on ourselves, so the result is that we always fall short of our budget. This is the problem that, until now, the majority of the community has been facing here in the industry that we live in, the crypto space.

Taking care of money is both an art and a science. There are two sides to the position we're in. Of course, being praised for our hard work is one reason why we treat ourselves. On the other hand, money matters when you have a budget. Lots of the time, the gap between these points is caused by spending money on feelings.

This fight is made worse by the crypto business. It's tempting to take risks because of the price changes, the chance to make money quickly, and the stories of people who got rich. Even though the OP gave some tips, the most important thing is to make it your own. People need to make sure that their financial plan fits not only their pay but also their personality. Figure out how much danger you are willing to take, and then change how you spend and invest your money to match.

[terrific]

Sometimes we people, even though we know what to do in managing our money to be budgeted, take care of it because we think that we have worked hard for it, so maybe it's not bad to give ourselves a gift.

It's not bad to give yourself some reward after all of the hard work that you do. But this is time that we become vulnerable because we think that we deserve a thing or two.
We're doing much for giving ourselves the reward we think we deserve and coming to the point that there's nothing left anymore from the savings that we have or from the salary that we have just received.
Not against to those people that always reward themselves but if you're looking into your situation, you still have to deal with some other days coming and that's why there's the term about saving for the rainy days.

[dunfida]

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.

Thats how reality works nowadays on which people would really be trying out their best on making their looks and appearance to be pleasant on publics eyes on which they would really be giving out that priority over their
actual needs which is something that would really be just that not an ideal thing to be done by someone. Always set out on priorities on whats important and dont mind much about establishing your image towards the public because it wont really be giving out such good result on the time that finances are starting to deplete out. Expenses are normal specially if it get in line with your daily needs but on the time that you are spending that much or lavishly on things which arent supposed to be spend then this is where things or issues do really start.If you dont have that good control and discipline then sooner or later you would really be finding out yourself on struggling on making budget or allocation with your income and if this one would continue then its likely that you would really be ending up on having tons of loans just to cater out your other expense.
Peoples condition or situation would really be always reflect out on how they have done things or situations that they tolerate despite of being bad or not really that recommended at all.

[puloweh555]

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

Yes, that's right, don't be fooled by today's financial system. "Inflation is man-made," so with current technological developments, we must be able to learn more deeply about the world's financial system. I just found out after being on this forum that to fight inflation, investment is the right choice.

It has been proven a lot that if we save in the bank the value will definitely decrease, and when we invest, for example in buying land, in just two years the price has increased by 15%. However, it remains the main choice for all of us to invest in Bitcoin for a better future. So one way to avoid overspending is investing.

[bayu7adi]

It has been proven a lot that if we save in the bank the value will definitely decrease, and when we invest, for example in buying land, in just two years the price has increased by 15%. However, it remains the main choice for all of us to invest in Bitcoin for a better future. So one way to avoid overspending is investing.

Both land, gold, and Bitcoin are excellent options for preserving value. It all boils down to our skill in diversifying. I prefer to spread it across various investment instruments to make its value more stable.

However, in this case, we also need to be wiser in spending the money we possess. We should avoid selling our assets too frequently to cover expenses that are over the budget. Planning and commitment will help us manage our finances better.

[Fortify]

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.

1. Make a realistic budget
           In budgeting it is important that we consider everything. It should be realistic and achievable, It cannot be said that the budget is only 20$ for a week for food if you are 8 people who will eat at home. Plan what to eat every day and budget for it. Write down all the ingredients or how much to buy and how much it will cost in pmashae or gasoline if there is a car. Do everything with consideration and do it consistently.
Stop yourself from buying things you don't need, like buying coffee at starbucks when you can just buy 3 in 1 sachet coffee that just tastes like coffee. Because if we cannot prevent such expenses, include them in the budget.

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.

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.

4. Make the 24 hour rule
             This rule helped me when I was building in this way. Because when I want to buy something, I put it off for 24 hours, and during this time I learn how to assess these things. Usually the excitement we experience disappears immediately after a few hours. You imagine the sacrifices you will make when you accomplish them. Like the small savings you have or sometimes we will even borrow the money we will use here. At least in this way we can avoid impulsive buying or bursts of emotion.

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.

In our current world we are being endlessly bombarded with requests for our money and a lot of it is in return for junk. So many sites now are trying to pivot customers on to a subscription model, even if they offer very little long term value, so that is one thing to look out for and reduce - subscriptions. Many small amounts going out each month eventually add up to a big sum when you look over the whole of a year. Keep an eye on your expenses and constantly re-evaluate if you need everything on there, then cut out the parts that you don't need any more - music, tv, graphics programs, all these kind of things. Waiting 24 hours is definitely a good idea, because you can find a lot of your sudden buying urges are spurred by manipulative marketing tactics.

[jeha2015]

What we need to understand first, we have to continue to train and build habits. One thing that can help realize this habit is that you have to have a dream. because to achieve your dreams you have to be disciplined. Many people complain "why can't I change" to me it's because they don't build habits.

As a result, those who cannot avoid spending and cannot be disciplined will find it very difficult to build new habits, because they are trapped in their bad habits. So it is not surprising that this type of character makes it difficult for them to become rich because they will continue to be poor, in fact they all have the same abilities. People who have discipline master good habits more quickly and can be financially free than those who have bad habits because they have to overcome many obstacles. In the end, money is the same as time, if it is not managed it will just run out.

[Raflesia]

What we need to understand first, we have to continue to train and build habits.

It is a good thing to do but it is easier said than done especially for those in the poor strata.
When they have a lot of money and get any kind of profit they will try to do it to be hedonistic first. The reason is simple, they have never tried it so when they get a lot of money or their fortune changes for the better they will try to satisfy themselves with what they have never done before.
There are many instances like this where their frenzy just makes it harder for themselves.

[Quidat]

3. Break down luxury expenses

One of the most common reason on why people do get overdropped with their budget is that they are really that a fan of buying things which arent supposed to be bought.
Its not bad to buy your wants but it should really be moderate manner on which you shouldnt really be going outside your budget and would be always basing up on the money that you are earning or simply with your income because if you wont then for sure you would really be ending up on having that financial crisis.

Discipline and control would really be that relevant in times like this but if you do have tons of money and something that could easily be patched up or easily refilled
then this wont really be an issue but for those someone who dont have that sufficient income or just really that enough then there's no sense on making yourself
that easily spend out money like there's no tomorrow.

[Pamadar]

What we need to understand first, we have to continue to train and build habits.

It is a good thing to do but it is easier said than done especially for those in the poor strata.
When they have a lot of money and get any kind of profit they will try to do it to be hedonistic first. The reason is simple, they have never tried it so when they get a lot of money or their fortune changes for the better they will try to satisfy themselves with what they have never done before.
There are many instances like this where their frenzy just makes it harder for themselves.

Agree to this, instead of thinking ahead where finding how money to work for them, they will surely try things that they never experienced before,

consuming money and not thinking that chances to spend it all and waste it to something that's not important will take place, either they don't have that knowledge or they choose to consume the money in a luxury way that they never have before.

Thinking ahead of time is very crucial in limiting your expenses, making sure to find business or investment or continue
to stay living the way you used to have will prevent you from overspending your money.

[Rockstarguy]

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.

Do you know that no matter how you tried to set a budget must still encounter additional expenses why?
Because you can't predicts when you should be sound health or ill health, at this point if you expenses were calculated or brought out for the month and you removed all then keep the savings do you mean that you won't take care of your health or that of your wife and children?
No you must in as much you have already involved yourself in family way so you spend when you don't want to spend your money, and sees more problems comings either from your personal family or from your in-laws family's provided that you are married you must encounter expenses.

Sometime when budget are set their can be emergency issues that can occur that we warrant you to spend more , but at still even if we spend more than our budget because of unexpected challenges setting budget is good. Their is a difference when budgets are set and when we spend without budget.  When we have a budget of money we need to spend for sometimes it helps  in spending less no matter the challenge that comes up. Money is spent anyhow when their is no budget and plan on how money should be spent.

[Uruhara]

Sometimes we people, even though we know what to do in managing our money to be budgeted, take care of it because we think that we have worked hard for it, so maybe it's not bad to give ourselves a gift. Sometimes we don't notice that we will also be affected in the end. Although we already know the guidelines that should be followed as given by the OP, it is up to us if we follow them. Which is also where we often don't use the discipline on ourselves, so the result is that we always fall short of our budget. This is the problem that, until now, the majority of the community has been facing here in the industry that we live in, the crypto space.

Managing finances and being disciplined in managing a financial budget to meet our living needs does seem easy when we talk in theory. But direct practice and applying it to our own lives is not as easy as it seems. Because all of this involves emotions and the influence of the environment and our habits in our daily lives. So if we are used to living in luxury then of course it will be difficult for us to suddenly change to a simple life.

We have to do it slowly. And yes, sometimes we also need gifts for ourselves to build greater enthusiasm for working and earning money. But it doesn't have to be done continuously. We can do it every once in a while in our lives. like at important moments in our lives such as birthdays or something like that.

financial management theory is easy to understand. But emotional management is the most difficult. Because sometimes the urge to buy something is difficult to stop. Impulsiveness is not good and as much as possible we should avoid it.

[Davidvictorson]

It's not bad to give yourself some reward after all of the hard work that you do. But this is time that we become vulnerable because we think that we deserve a thing or two.
We're doing much for giving ourselves the reward we think we deserve and coming to the point that there's nothing left anymore from the savings that we have or from the salary that we have just received.
Not against to those people that always reward themselves but if you're looking into your situation, you still have to deal with some other days coming and that's why there's the term about saving for the rainy days.

I am big on rewarding myself. It is like the dopamine release for me for a job well done. And it is something I always look for to. Of course moderation is key. Only people who are indisciplined go bankrupt trying to reward themselves. It is totally unnecessary and financially reckless.
To recap, the reward you give yourself should come last after you have sorted and fixed everything other thing.

[blockman]

What we need to understand first, we have to continue to train and build habits. One thing that can help realize this habit is that you have to have a dream. because to achieve your dreams you have to be disciplined. Many people complain "why can't I change" to me it's because they don't build habits.

Building habits of being frugal in life is one of the best ways to avoid over spending. When you're living according to your means then you're doing it right and you're disciplining yourself. The problem with this current generation is about flaunting in the internet and thinking that it's the standard way of living and that even if you're doing it beyond your means, you have to go according to what others do. But that's wrong, you don't have to be dictated by others' way of living as you're living for yourself and that's why when you're too dependent on the life of others, that's what is going to make your life harder. Just live what you can afford to and just do things accordingly while trying to reach your dreams with the current habits that you have and you're going to live happier and aware of your spending habits.

[GideonGono]

For me consistency is my problem,
Yup I know why and where my money is draining or why I am having trouble saving up.
I could budget when I needed but when I have my salary or have my money on my hand I tend to spend more than I needed.
Don't get me wrong I am not addicted to anything or have some vices, it is just that I tend to buy more foods than what I really needed.
For example if I know that I have a tight budget till my next pay day or salary I would buy some food and cook it for my self to lessen the expenses and I would choose the cheapest frozen or process food, but when I have money I tend to order up and buy the foods and buy whatever I want to eat without hesitation or looking at it's price.

[Razmirraz]

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

Yes, that's right, don't be fooled by today's financial system. "Inflation is man-made," so with current technological developments, we must be able to learn more deeply about the world's financial system. I just found out after being on this forum that to fight inflation, investment is the right choice.

It has been proven a lot that if we save in the bank the value will definitely decrease, and when we invest, for example in buying land, in just two years the price has increased by 15%. However, it remains the main choice for all of us to invest in Bitcoin for a better future. So one way to avoid overspending is investing.

Investing as a way to protect asset values from inflation, saving money in the bank is not the best choice in the face of uncertain economic conditions that are currently collapsing. You need to ensure that you are always disciplined in spending too much money, many people are smart at making money but don't know how to save it safely and are immune to inflation.
Investing is one of the best ways to protect value, buying land, gold and houses might be possible to keep the amount of money growing. Bitcoin investors will never miss this moment to collect some bitcoins while the price is trading at a cheap price, they will make multiple profits when the price rises again.

[boty]

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

Yes, that's right, don't be fooled by today's financial system. "Inflation is man-made," so with current technological developments, we must be able to learn more deeply about the world's financial system. I just found out after being on this forum that to fight inflation, investment is the right choice.

It has been proven a lot that if we save in the bank the value will definitely decrease, and when we invest, for example in buying land, in just two years the price has increased by 15%. However, it remains the main choice for all of us to invest in Bitcoin for a better future. So one way to avoid overspending is investing.

Investing as a way to protect asset values from inflation, saving money in the bank is not the best choice in the face of uncertain economic conditions that are currently collapsing. You need to ensure that you are always disciplined in spending too much money, many people are smart at making money but don't know how to save it safely and are immune to inflation.
Investing is one of the best ways to protect value, buying land, gold and houses might be possible to keep the amount of money growing. Bitcoin investors will never miss this moment to collect some bitcoins while the price is trading at a cheap price, they will make multiple profits when the price rises again.

It is very unfortunate for those who do work to earn income and they cannot use it well due to their lack of understanding about how to manage their expenses, so it is very necessary to know about financial management so that we can make the best possible use of what we have earned from work If we can manage our expenses well then we can enjoy them when we are no longer able to do our work.
Before making an investment, it's a good idea for us to have good knowledge of what type of investment we will make so that if we do it, we won't experience losses later Indeed, we cannot avoid losses, but at least if we experience losses in investing, we can still recover later.

[Y3shot]

For me consistency is my problem,
Yup I know why and where my money is draining or why I am having trouble saving up.
I could budget when I needed but when I have my salary or have my money on my hand I tend to spend more than I needed.
Don't get me wrong I am not addicted to anything or have some vices, it is just that I tend to buy more foods than what I really needed.
For example if I know that I have a tight budget till my next pay day or salary I would buy some food and cook it for my self to lessen the expenses and I would choose the cheapest frozen or process food, but when I have money I tend to order up and buy the foods and buy whatever I want to eat without hesitation or looking at it's price.

Just try to spend on what you think it will be enough for you , buying excessive food might make nothing left to be in your sqvings, just buy what will be enough for you then save the remaining. Savings is not easy, it takes much discipline to succeed in saving money, one just needs to be conscious on how money is been spent because if you are carried away you might just end up spending all the money that you should have saved. Discipline and consciousness is the secrete in making successful savings.