How can you save yourself from unnecessary spending?

If you are planning to save a hefty amount of cash then make sure that you keep control on your expenses. You should always remember this quote “To have money is good; to have control of money is better”. If you have a habit of reckless spending then you might get trapped in to the maze of debt. The following ways would help you to put a bridle on your expenses.

1. Avoid using plastic money:

Plastic money is basically hassle free so people are fond of displaying it in their wallet. The card tempts you to indulge in to extravagance. If you want to curtail the habit of over expenses then make sure that you avoid the use of card and keep a limited amount of cash. You can get a basic idea of the amount you have spent. The card allures you to spend more because you can’t see the cash virtually slipping out of your wallet. While using credit card our desires increase and we often go beyond our budget. In this way we tend to buy things that are unaffordable and that paves the path for incurring debt.

2. Make a list of all your expenses:

You can avoid unnecessary spending if you make a list of all the required items. You might buy redundant things if you fail to make a proper plan. Impulse buyers often pick up stuffs that are hardly used by them. Extreme urge for shopping often force us to exceed our budget. In this way we burden ourselves with debt. Making a list would help the reckless shoppers to have a control over their shopping spree.

3. “Spend nothing” day:

Dedicate a day in a week where you can put a bridle on your spending habits. Other than your basic expenses make sure that you do not buy anything. Carry a small amount of cash when you are heading for office as that would control your urge for spending. Avoid keeping your credit card in your wallet as that might tempt you to dissuade from your plan.

4. Maintain a spreadsheet for you expenditure:

If you keep a record of your daily expenses then it would be easier for you to prepare a budget. Incorporate in your list the time, place, cost and the quantity of the things you bought. Once you jot down your expenses then it would be easier to track down where the money is actually draining.

5. Avoid e-stores and Websites:

Few stores and websites allure you to buy online and we get easily tempted by the offers they display. If you cannot restrain yourself from reckless spending then it would be advisable to avoid browsing these websites. You can keep yourself engaged in some other activities in case you are looking for ways to resist your desires. It won’t be difficult to spend dollars in a day but it takes time to earn that money. You can block your browser if you think the offer given by the website is irresistible.

So these are the few tips that would help you to save money from unnecessary spending. Follow these steps in order to make your future financially secured. http://www.personalmoneytips.com/blog/save-yourself-from-unnecessary-spending.htm/#more-551