Giving Up Reckless Spending
Most times when I spend money unnecessarily I ask myself where I pick up that habit from. I have zero idea of how my money always gets finished, I think I have an idea how it got finished but I find it difficult controlling my spending habits. Sometimes I spend on things that are not important then I am left to wonder why exactly I did that. It got to a point where I thought it was a reflex action and only realized myself when I got broke and needed something important.
If there is one thing I am giving up is my unnecessary spending habit. Whenever I have money I lose my appetite for home-cooked meals and want to order meals that tend to be more expensive plus the delivery fees inclusive. I am working on this already as I made a decision not to order food again but instead manage my money and save for important things.
I also spend more on my data subscription, I am always online, going from one social media site to another, I must always subscribe but I realized that I have been spending more on it as I use the data for something less important like watching videos on YouTube or TikTok which are in no way contributing to my life at all and wasting my data that way I tend to spend more money.
This New Year I have made a huge decision to do away with my bad spending habit. It will make a great impact on my financial life and I will get to save more and also spend reasonably. If I could use the money I use to buy things that are not so important to me, to do something of more importance then I would see maximum benefits from it.
It’s been difficult trying to control my spending habits and concentrate more on having a stable financial life, but I think it is a step-by-step process. I have taken a few steps and I am thankful that one way I was inspired is through most people on Hive and how seriously they take their financial lives. I read through their most and I get to learn how they save up, I can say I have seen a lot of difference ever since I made up my mind to do away with the habit of spending recklessly.
I have decided to minimize the way I waste my data subscription by doing irrelevant things with it. More so, avoid ordering food and try to control my appetite and taste buds. It is great to say that I have been building myself to stay clear of impromptu spending habits which I was used to. Finally, drafted a savings plan and I must say it’s been going smoothly.
If I can get rid of the habit of reckless spending and misuse of my finances I will be able to avoid being in debt in the future. Looking back I don’t see any achievement I have gotten from spending recklessly. So getting rid of this habit will help improve my life and make my financial life better.
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If I must suggest, trying to limit your spending habit might be not work, but if you try to focus on building something like a project that will benefit you... Your mind would automatically tone to diverting your funds there
This is a nice idea, I think I would focus more on this. Thank you ☺️
If I may make the suggestion, it might not be effective to try to cut back on your expenditures, but if you try to concentrate on creating something, like a project that will benefit you... Your subconscious would immediately begin to direct your money there.
It's a good thing you've made plans to be prudent with the way you spend, I wish you the best.
I popped in from Dreemport because I am an awesome #dreemerforlife.
Thank you so much☺️
You're welcome.
When one has enough money, you wouldn't want to do some things like making your own meal but to order food and even the delivery fees won't budge you 😆😆 but overspending stops when one is determined to.
There are ways we can minimise how we spend while focusing on saving the money we use on unnecessary stuff and before you know it, your savings are getting larger. Data subscription is another thing especially when you use it for irrelevant stuff instead of using it for something meaningful that would bring impact to your life.
Savings is good and one should learn how to curtail their habit of overspending and taking financial steps seriously. I have loved Saving since I began the journey and not only that, I save to get interest back which is cool for me. I hope all goes well with your determination too.
#dreemport
Wow this really was a nice comment. I am working on my saving skills I hope it goes well too. Thank you so much
Yes, it will work 🙂
All the best to you 😘
Thank you so much☺️
I know exactly what you mean, I know quite a few people who are in the same situation as you.
What works very well (what I've set up with them) is to use an envelope system.
In fact, at the beginning of each month, you make a budget for each category of your life (food, travel, etc.).
On your bank's application, sometimes (not always), you can create "categories". So, at the beginning of each month, in the "Food" category (for example), you place X dollars.
The aim of the game is to stay within your budget. Little by little, you'll get a better idea of what you're spending each month, and it'll become easier to pay attention.
This is actually a good means. I will adopt this method. Thank you so much
Hello Beeeee! 🤗
I'm glad you have taken this bold step to cut down your spending, which will help you save up more. It's actually a gradual process and you'll see much result soon.
Hope you had a great day?
Being a #dreemerforlife
Thank you Winanda hopefully I see changes soon☺️
Yes dear, you're doing well 😊
🤣🤣🤣🤣
Oh my B with the 5 e's you are so me!!!!!
Actually you know I am impulsive spender. My mother would always say I am holes in pocket trousers, because if I had a coin or money then bam it got spent.
You are determined though, so you can cut out stuff if needed. I am not a saver that is why I joined Saturday Savers and with the encouragement of others I saved over 500 HBD all from starting to save a penny of HBD a day!
😂😂😂 I think this is me too, let me run to you immediately and ask more about the Saturday savers.
Thank you so much Uncle T