Discipline Yourself to Spend Less
No one wants to go into debt. We try to avoid it if we can, but we fall into the traps of credit cards and delayed payment specials so easily. Curbing our spending requires discipline and an honest effort.
We need to shun the thinking that living paycheck to paycheck is a good budget plan. What happens in the case of an emergency? Are we forced to use credit? Our budget plan should include putting money away for the unexpected as well as regularly putting money into a savings account.
Since there are so many things that we cannot control we have to take control where possible. There is no way that we can anticipate certain medical expenses, home or car repairs, and other mishaps that we might face. But we can control our spending habits and make an effort to spend less and save more.
Everyone wants to know how to do that. Discipline begins with a plan. A sound financial plan begins with a family budget. The first budget will be the hardest to develop, but once you get the hang of it, it won't be so time-consuming the next time.
Make your budget a topic of conversation with a close friend or family member. This will create some positive peer pressure to stick with the budget you have set for yourself. Your budget will be of no benefit to you if you don't follow it.
Start your budget planning by trying to give up one spending habit that might save you a bit of money each month. ??" For example, eating out. Few people realize just how much they spend on food each week in addition to their grocery bill. Make a commitment to yourself to make that adjustment in your spending habits.
Making this adjustment will require some effort. It will mean adjustments in your time management as well so that you have time to prepare meals rather than go out to eat. So make a schedule for preparing breakfast, lunch and dinner and be determined to stick with it. Get other family members involved and help each other remember to take something out for dinner or prepare lunches for the day.
Avoid making unnecessary purchases. We can easily end up spending money on things that we don't need or maybe that we already have because we have the mentality that if a thought pops in our mind to buy something we just run out and buy it. Change your way of thinking. Stop and give some thought before making any purchase, even the smaller ones.
We need to shun the thinking that living paycheck to paycheck is a good budget plan. What happens in the case of an emergency? Are we forced to use credit? Our budget plan should include putting money away for the unexpected as well as regularly putting money into a savings account.
Since there are so many things that we cannot control we have to take control where possible. There is no way that we can anticipate certain medical expenses, home or car repairs, and other mishaps that we might face. But we can control our spending habits and make an effort to spend less and save more.
Everyone wants to know how to do that. Discipline begins with a plan. A sound financial plan begins with a family budget. The first budget will be the hardest to develop, but once you get the hang of it, it won't be so time-consuming the next time.
Make your budget a topic of conversation with a close friend or family member. This will create some positive peer pressure to stick with the budget you have set for yourself. Your budget will be of no benefit to you if you don't follow it.
Start your budget planning by trying to give up one spending habit that might save you a bit of money each month. ??" For example, eating out. Few people realize just how much they spend on food each week in addition to their grocery bill. Make a commitment to yourself to make that adjustment in your spending habits.
Making this adjustment will require some effort. It will mean adjustments in your time management as well so that you have time to prepare meals rather than go out to eat. So make a schedule for preparing breakfast, lunch and dinner and be determined to stick with it. Get other family members involved and help each other remember to take something out for dinner or prepare lunches for the day.
Avoid making unnecessary purchases. We can easily end up spending money on things that we don't need or maybe that we already have because we have the mentality that if a thought pops in our mind to buy something we just run out and buy it. Change your way of thinking. Stop and give some thought before making any purchase, even the smaller ones.
About the Author:
Can cancelling a credit card save you money on your debts? Get the inside scoop on the Debtopedia website at www.Debtopedia.com website where you'll get your free copy of my report Secrets Of Credit Card Debt
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11:25 AM
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