Re: How to avoid over expenses and have discipline

Quote from: gunhell16 on August 20, 2023, 05:05:08 AM

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

2. Find out what triggers the cost

3. Break down luxury expenses

4. Make the 24 hour rule

5. Set a budget
I hope this somehow helped us and the community here on the forum.

Other source:
https://www.incharge.org/financial-literacy/budgeting-saving/how-to-cut-your-expenses/
https://www.mymoneycoach.ca/blog/how-to-stop-spending-money-7-tips.html

Thanks for the tips! I especially like point number 4 about the 24-hour rule. Implementing this rule can help us minimize impulse purchases because within 24 hours, our excitement usually subsides, allowing for more rational thinking about whether we truly need the item.

To add some tips, I think we can save more by utilizing coupons and taking advantage of flash sales when buying necessary items. This allows us to purchase needed items at a lower cost.