King bell
VIP Contributor
To minimise the risk of overspending, it's very important that you have a budget and stick to it. There are different types of budgets based on your personal needs. As an example, a family may have one budget where they purchase food and other basic necessities while another budget is used for entertainment items like concerts, vacations, or shopping trips.
Start first by identifying what motivates you . Sometimes we choose to spend money because we want to prove ourselves that we're important and successful. But most of the time, overspending is just a symptom of underlying problems.
If you are having difficulties with your spending, ask yourself these questions:
What do I want?
-Plan for your life down the road. This will necessitate a budget (the earlier the better).
-Have a plan for how you want to live in the future (professional, family, etc.).
-Do some research on what 'normal people' are doing. What is their spending habits like?
Start first by identifying what motivates you . Sometimes we choose to spend money because we want to prove ourselves that we're important and successful. But most of the time, overspending is just a symptom of underlying problems.
If you are having difficulties with your spending, ask yourself these questions:
What do I want?
-Plan for your life down the road. This will necessitate a budget (the earlier the better).
-Have a plan for how you want to live in the future (professional, family, etc.).
-Do some research on what 'normal people' are doing. What is their spending habits like?