How to Balance Spending and Saving?

[Hena101]

well i can say there us no acceptable way to balance between saving and spending ,sometime we find it very difficult to save money ,but i think the best way to take care of it is by discipline yourself

Yeah discipline ourselves is a good way to save money because it can help us to reduce the unnecessary spending that is not helpful to us.

 

[Immilash]

Yeah discipline ourselves is a good way to save money because it can help us to reduce the unnecessary spending that is not helpful to us.

Yes that's true as a business personnel you need to balance between savings and spending,and self discipline is very important

 

[Ezekiel]

The best way to manage your earning and spending is to have a plan on what you want to purchase and you should go for pressing needs and not any wants

 

[Kaffyfolla]

Though there is no way to save without spending but you should make sure your saving exceed spending in order to have project executed in the future

 

[Kelly5]

To manage your spending more appropriately, always learn to have a plan at hand for the month or for the week or for the year concerning your spending habits.

 

[Sariana23]

To manage your spending more appropriately, always learn to have a plan at hand for the month or for the week or for the year concerning your spending habits.

You are right @Kelly5, I even think that if the person has strong control problems to save, he should have a daily plan and stick to it. This way he should manage to reduce unnecessary expenses and start saving properly.

 

[Kelly5]

You are right @Kelly5, I even think that if the person has strong control problems to save, he should have a daily plan and stick to it. This way he should manage to reduce unnecessary expenses and start saving properly.

Exactly, for those with a very severe spending habit, maybe the daily plan thing will work more adequately for them to keep check on things on a more frequent basis that way

 

[Sariana23]

Exactly, for those with a very severe spending habit, maybe the daily plan thing will work more adequately for them to keep check on things on a more frequent basis that way

I believe that by taking saving seriously in a short time you can create the habit, but to do so you must begin to reduce spending significantly and only focus on really necessary expenses, otherwise you will not reach the goal you have set for yourself.

 

[Samknowis]

The only way to balance spending and saving is to be self disciplined you have to know when to purchase and not to purchase self discipline is key to saving

 

[Hena101]

Yes that's true as a business personnel you need to balance between savings and spending,and self discipline is very important

Yeah disciplining yourself is what will give you advantage over others because you can built your business while others are destroying their own by unnecessary spending.

 

[Kaffyfolla]

Minimization of expenditure will make one to balance between saving and spending, but it could be achieved if you earn a reasonable income

 

[nimzy]

I really do agree with your point of view that will definitely helped alot in balancing your spending and saving. but it's also expected of you to outline those necessary and more important projects or goods that are of importance to avoid spending on substitutions goods.

 

[Essy]

One may ask, why do I need to balance my spending and savings? Simple, because expenses may come up at anytime and your savings is what you can fall back on if your spare cash is exhausted.

 

[joy101]

It is very important to have limit on how you spend money so that you can save because saving of money is very good for one self, so to invest.

 

[Sariana23]

Minimization of expenditure will make one to balance between saving and spending, but it could be achieved if you earn a reasonable income

You highlighted something important in your post @Kaffyfolla, in order to balance expenses and savings, one must have an income that fits the needs and allows for savings. Otherwise it is difficult to save when there are unmet needs.

 

[Toyoabasi]

To spend or to save? This is a repetitive inquiry in our endless battle with dealing with our individual budgets. Furthermore, this is on the grounds that both spending and saving are dynamic monetary propensities, moving over the long haul as per your needs, necessities and inclinations. Some of my tips are as follow;

Make A Financial Plan:

Have a record of your incomes, expenses and bills paid this will help to decide precisely how much cash you have coming in and where exactly you're spending it on. Once you have an idea, then you are one step ahead. Numerous novices track each transaction for about fourteen days to one month prior to making a financial plan. It is a decent beginning stage in the event that you have never followed your spending and by utilizing electronic systems that track your exchanges consequently you can without much of a stretch audit transactions and comprehend where you are spending.

Build up an unmistakable funds objective:

Having a ultimate objective in sight will help with regards to putting aside a particular sum each month or year to arrive at that target. To launch your investment funds, consider computerizing your records to move the planned sum to your investment funds every month.

Thanks for this.
Its very objective to balance our spending and saving.
We should not spend more than we earn.
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To spend or to save? This is a repetitive inquiry in our endless battle with dealing with our individual budgets. Furthermore, this is on the grounds that both spending and saving are dynamic monetary propensities, moving over the long haul as per your needs, necessities and inclinations. Some of my tips are as follow;

Make A Financial Plan:

Have a record of your incomes, expenses and bills paid this will help to decide precisely how much cash you have coming in and where exactly you're spending it on. Once you have an idea, then you are one step ahead. Numerous novices track each transaction for about fourteen days to one month prior to making a financial plan. It is a decent beginning stage in the event that you have never followed your spending and by utilizing electronic systems that track your exchanges consequently you can without much of a stretch audit transactions and comprehend where you are spending.

Build up an unmistakable funds objective:

Having a ultimate objective in sight will help with regards to putting aside a particular sum each month or year to arrive at that target. To launch your investment funds, consider computerizing your records to move the planned sum to your investment funds every month.

Thanks for this.
It is very objective to balance our spending and savings.
We should not spend more than we earn. Discipline is the key, if we can control our wants and go mostly for needs...we would not have to go bankrupt.

 

[Immilash]

Yeah disciplining yourself is what will give you advantage over others because you can built your business while others are destroying their own by unnecessary spending.

Yes that's true, unnecessary spendings Is the best bad thing to you will have in a business,but if you dicipline yourself everything Will be simple and easy to handle, that just it

 

[Adebayonle7]

You are right and asides the financial plan and unmistakable funds objective , I always advise people that when it comes to spending, they should concentrate on getting their needs instead of their wants, the pursue of wants is what prevents one from having a good savings plan because they tend to spend on what is unnecessary

 

[Stnicholaz]

Financial literacy is very vital in our lives. It enable to spend our earnings wisely. For us to be able to save, we must be prudent in our spendings. Able to differentiate between needs and wants.

Most of spendings must directed to our basic needs like bills, rent, food etc. The remaining income can be saved.

 

[Joseph212]

To balance savings with spendings is base on maturity and you must not too spend more of your income but save 30%and spend 20%and invest 40%