We spend our money, and we take it for granted. The breakfast, lunch, and dinner do cost us some money from the wallet. And if you are a busy person, you will be most likely to have your meals outside. And please count how much do you spend on the foods? In average, such habit will require at least $200 per week. And just like all spendthrift behaviors, we think there is no alternative.
If the things continue, they can lead you to many financial troubles. Uncontrolled improvidence is the onset of reckless spending behavior, like buying things you cannot afford. And with such condition, possessing a credit card is as good as suicide.
If the described situation sounds familiar to you, do not let the bad financial habits to pile up the problems. Learn how to change right now by reading these following suggestions!
Carefully Select What You Buy
Convenient stores are everywhere. Supermarkets have been designed deceitfully into tricking us to buy more and more items. But that is the nature of marketing. They will provide comfort and engineer their best intrigue to make you buy the items for sale. As a result, you will be most likely to end up purchasing goods you do not need.
To counteract such a lavish habit, you have to get used to writing a shopping list everytime you go shopping. Stick to the note and purchase only the written items. When you go out for the groceries, avoid including munchies and soft drinks. Buy only the essential ingredients for the intended meals.
The same thing applies when you are going to shop for clothes. Buy things only because you need them. Collecting clothes is an extravagant habit. And all clothes degrade over time. You cannot expect to buy clothes today and wear it two years later. If your reason for purchase starts not to make sense, the chances are that your brain has made up the idea only to satisfy your spendthrift urge.
Prioritizing the Retirement
All working people must retire someday. You are a human, not a slave robot intended to work until the end of the day. You need to allocate some of your incomes for a retirement plan.
You can cut the lavish expenses while you are young, and turn them into an investment. You should consult a financial expert to learn what kinds of investment are the most profitable in your area. Most people believe real estates and the stock market as the right places for their retirement investment. You can go with that typical ideas or pursue your own.
If you are stubborn and determined enough, you can start your own business right now and be the boss of the company by the time you are retired. Running a company is undoubtedly an ideal retirement dream for people with business passion.
Start thinking about your retirement before it is too late, and you won’t have the time to waste your money on useless things. Everytime you think of getting a sports car, you should picture how it will do you any goods by the time you are old.
Scrutinizing the Monthly Expenses
Fewer people are noting their expenses these days. The small changes from the gas station, the parking bills, and the bucks spent on an unplanned shopping are all no longer traceable. But on the other hand, smartphones do facilitate frugal lifestyle. There are tracker applications for expenditures, like Bill Guard, Dollarbird, and Fudget. They are digital and do not require you to hold an annoying pen to take notes of the spending.
It seems that people are becoming the victims of consumerism. They no longer care if they are conditioned by the corporations to consume things they do not need. Because you have read this article, you must not be a zombie for the capitalist machinery. You should practice the three good financial habits religiously.