How to Balance Spending and Saving?

[Lens]

It is very possible to balance spending and savings. It needs simple logic and the logic is that , if you want to save more you will need to limit the amount of money that you spend.

 

[Gandiba1]

Balancing spending and saving is something that's easy for people who have very sound financial education. This is the only thing that can help you maintain the balance.

 

[Syldan]

Undergoing a financial planning is the only way to strategy to which can helped you to balance your savings and spending because if you do not plan, you may end up spending much that you save.

 

[Setho]

You should first of all ensure that you are living within your means and you can be able to do this by reducing the amount of money in which you are spending on unnecessary things.

 

[joy101]

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

That's the truth because the only way one can balance spending and saving you should hold your hand on how you spend, and also to plan how you should learn to manage things.

 

[Lens]

It is very important to note that if you do not have a good knowledge around cash flow management, it will be very difficult for you to balance your spending and savings.

 

[Partisan]

One of the best ways to balance spending and serving is to pay yourself a certain amount of money each time you earn money. You will be surprised at the amount that will be realized let say at the end of the month.

 

[Shigobad20201]

One of the best ways to balance spending and serving is to pay yourself a certain amount of money each time you earn money. You will be surprised at the amount that will be realized let say at the end of the month.

in order to balance spending and savings , you need to have some fixed amount of money you are to be spending so as not to touch the money meant for saving each month.

 

[Sincerem]

I do not spend much.. I only spend when it's is absolutely necessary. Sometimes most responsibilities in your life is not something you must attend to financially. That's just the rules.

 

[Syldan]

Actually striking a balance between savings and spending can not be effective or successful when you dont plan. planning will help you strategies on how income can be generated, used and maintained for the attainment of goals.

 

[Robust]

You can balance between spending and saving once you know your goal and target. Although some people can save while some can only spend but it is very good to balance the two.

 

[Ononivami1]

Spending and savings could easily be balanced when you have enough money because when you have enough money or you have less responsibilities, it will be easier for you to strike a balance.

 

[Shigobad20201]

Spending and savings could easily be balanced when you have enough money because when you have enough money or you have less responsibilities, it will be easier for you to strike a balance.

When you have enough flow of income generation , then there will be a balance between spending and savings because you will be able to plan on your income and starts saving some percentage of your income.

 

[Ononivami1]

You're spending and savings are closely related because the amount that you spend would definitely depend on the amount that you save because it is directly proportional to each other.

 

[Popular]

Well, what I usually do is to make a budget stating clearly the things I'll be needing. If I find out some are less important I cancel them out so most of the time I spend just 50% of what I make on my needs basic needs, then I save the rest or sometimes invest with them.

 

[Lens]

It is very easy to balance spending's and savings because both depend on each other. Your savings would greatly be dependent on the amount of spending that you have done.

 

[Treborika]

After receiving your salary or whatever the income one must make a budget a wise spending of their money.
The main point to consider in a budget is simply prioritisation on basic needs whereby a wise person would include savings amongst the basic necessities.
One is again free to spend the remaining amount of money after putting aside emergency funds just in case anything happens in between and before you receive your salary you can cater for it comfortable before you enter into a debt.

 

[Syldan]

Actually balancing savings and spending will be more or less effective when you dont plan and I believe the only to strike a balance is to emulate the life of financial planning that will helped you to know when and how to spend your money.

 

[Good-Person]

The best way to balance your spending and savings is to "make more money and save more money". This is the kind of policy that I have adopted in order to "balance" things.

 

[Sotherefore]

Spending unnecessarily is not in my rules and regulation. I only choose to spend money on things that will help improve my life more. For now I can say that I have a good balance between spending and savings. Just that sometimes I will have a lot of responsibilities to take care of.