It could get really tricky to control your monthly income. Knowing that you’ll have so many things to buy and spend, it might be good to start by listing some things down. What are the outcomes by doing this? Well, you might get to control and see what are the things along the way that you have to cut and stop. For example, things that you don’t need anymore. It could save you a lot!
If you haven’t started to control your income, you might want to start soon! Why? Because the faster you do it, the faster you might save your money too! Most people nowadays spend something on unnecessary things. Subscriptions on streaming services that are rarely being used and so on. But don’t worry, we’ll give you some tips on how to do that down below!
1. No Credit Cards
First things first, stop using credit cards. It will definitely put you in a never ending debt with your chosen bank. Even if your limit is not that much, just imagine all the temptations and promo or discount from all of the stores. You might resist but you can’t really hold it off forever.
2. Plan Your Expenses Per-Month
Every month starting now, try to plan all of the things that you might want to spend. For example, shopping. Sometimes you can’t control your desire to want things. In the end, you just bought more things that maybe you don’t need at all. This also includes streaming services subscriptions.
3. Start Budgeting
Next step is budgeting. List all of the things you might use your money for. Groceries, bills, and etc. If you don’t start budgeting, how else are you going to save money? In the long run, this will save you from having no savings to having a lot of savings for extra things that you might need to spend it for.
4. No Loan or Debt
Same point as not using a credit card, stop to loan money from someone. Also pay your debts along the way. You can’t have savings if you’re still on loan or have a debt for someone.
5. Stop Buying Unnecessary Things
At last, stop buying stuff that you think you need because you want to. Try to think the other way, where you will buy things because you need that. Don’t ever buy things because they look cute or it’s cheap or on discount. This habit will be a hard thing to resist and erase from you!
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