Ways To Avoid Excessive Spending

[Kingsley]

The basic way to aviod spending is through proper planning, most times people just go around with money without proper plans for the cash they are holding. Proper planning helps us t aviod wasteful spending or spending unnecessarily.

 

[redpogi16]

Track Your Spending
Track your every littlest purchases because every little purchase can really add up, and by the time the end of the month rolls around, we can be facing a dwindling bank account and severe buyer’s remorse. Tracking your expenses is the best way to successfully budgeting, because it keeps you accountable for every dollar you’re spending. Once you’re aware of where your money is going, you’ll be in a better position to make smarter spending choices and to identify areas you can cut back in.

 

[Mandypaul]

It was longest time ago when I always have problem with saving but not a lot of challenges and a lot of responsibility as make me to start saving money by Force,because I need to survive,the lower amount of money I have everyday I try as much as possible to save most of them for future use.

 

[zenith]

I quite agree with those tips but sometimes this things happens with you planning for it.emergency can come and before you know it you are already spending what you did not budget for.may God help us.

 

[Engrjudexzy]

1. Sleep on it. ...
2. Work out what it costs in work time.
3. Focus on your debt/savings. ...
4. Check if you're leaking money via unused subs & payments. ...
5. Stop spending so much on food - plan, plan, plan. ...
6. Leave debit/credit cards at home. ...
7. Avoid temptation - don't go shopping

 

[Psalmsavatar]

1. Sleep on it. ...
2. Work out what it costs in work time. ...
3. Focus on your debt/savings. ...
4. Check if you're leaking money via unused subs & payments. ...
5. Stop spending so much on food - plan, plan, plan. ...
6. Leave debit/credit cards at home. ...
7. Avoid temptation - don't go shopping.

 

[Kingsley]

One major area one must learn to take full control of as an entrepreneuris your emotions you must learn to be patient and apply self control. Then you must guild yourself against wasteful spending that might lead to regrets.

 

[Josephjossy]

To avoid excessive spending, you need to plan your way of spending. You need to have financially planning. You also need to stop some waste spending and so need to invest more on business. I think that way your can stop excess spending

 

[Blue house]

If you want to avoid excess spending you will have to discipline yourself not to spend and buy anything anyhow because self discipline is the best.
Always try to invest the money not save it in your pocket.

 

[iamgroot]

Focus on activities that do not require spending money and entertain yourself to avoid temptation (Online Shops, sale on malls, etc.) Have self-control over the things you want to buy but this will only make you happy for a short time .

 

[Faani18]

Someone who spends money lavishing on the business that is more than that what needs to compete with competitor is totally foolishness. One must save money for the rainy days that can save you from many disasters.

 

[Georgeadawara1]

The ways to avoid unnecessary spending is that always have the focus of what to buy don't all do what others are doing because you want to be like them have a savings other can help you to reduce the unnecessary spending or venture into a business get more idea start something new .

 

[Ebuka Stephen]

Well I love your thread very well, I think I agree more with the first and third point you mentioned, self discipline and focus is the key to avoid unnecessary spending, one must be focus and have plans for the future not living an extravagant live. Learn to draft out a spending plan as this is very important to monitor your money and know if you are always losing money to unnecessary things.

 

[Hamza1999]

Expense is the money that something costs you or that you need to spend in order to do.Life can get hectic – there's no question about that. In our rush, however, we could be spending more than necessary. Just by simply paying a little closer attention to your purchases throughout the day you could find some serious savings.

 

[Rodericklorenzo01]

I have my own ways to avoid excessive spending and here are my list below:
1. You should control spending on material things that you don't need.
2. Avoid leisure such as travelling without any reason. If you have so much money then spend.
3. Kill your vices. Never ever take any vices. It will also lead you to your death if you continue such smoking.

 

[Adventurer]

Many individuals who spend unreasonably need more cash or are consistently paying off debtors. On the off chance that you additionally spend unreasonably and you need to stop it, at that point this post is unquestionably for you!


1. Learn Discipline: Discipline is demonstration of making the best decision at the ideal time. It is equivalent to discretion. Being focused is the surest method to chop down unreasonable spending. Control involves having the option to spend in a savvy and sound path without anybody convincing you to.

2. Try not to convey more money than you need around: Let's consider two people John and Daniel. John ventures out from home with 6,000 Naira and Daniel ventures out from home with 1,400 Naira. Who is bound to go through unnecessarily spending during the day between the two people? Clearly, John is probably going to spend unnecessarily and Daniel is probably going to spend sensibly

3. Have an arrangement … A spending plan: A spending plan is separated synopsis of proposed consumption typically combined with anticipated income. When making a spending plan, your proposed use should be lesser than the normal income in order to cater for possibilities or emergence that may emerge.

4. Squander not and purchase in mass: Do not waste any significant things or resource you have. On the off chance that you discover a thing no more useful, at this point be helpful, you can do well by selling or giving it out to noble cause. Likewise, purchasing things in mass saves you a ton of cash as the unit cost of products are higher when contrasted with what you get for purchasing in mass.

5. Figure out how to say no to chipping in your cash and purchasing pointless things: Sometimes your powerlessness to deny certain things is the motivation behind why you are constantly poor. You ought to try not to chip in your cash to occasions that surface too much of the time and not incidentally. Also, you ought to request yourself from you truly need what you are going to purchase.

Nice tips, especially number 2 for me, whenever I withdraw large amounts of money I always get to spend it, I'll start seeing things I really want to buy. It is very important to learn how to spend money wisely with the present state of the economy.

 

[RETIRED SINNER]

Many individuals who spend unreasonably need more cash or are consistently paying off debtors. On the off chance that you additionally spend unreasonably and you need to stop it, at that point this post is unquestionably for you!


1. Learn Discipline: Discipline is demonstration of making the best decision at the ideal time. It is equivalent to discretion. Being focused is the surest method to chop down unreasonable spending. Control involves having the option to spend in a savvy and sound path without anybody convincing you to.

2. Try not to convey more money than you need around: Let's consider two people John and Daniel. John ventures out from home with 6,000 Naira and Daniel ventures out from home with 1,400 Naira. Who is bound to go through unnecessarily spending during the day between the two people? Clearly, John is probably going to spend unnecessarily and Daniel is probably going to spend sensibly

3. Have an arrangement … A spending plan: A spending plan is separated synopsis of proposed consumption typically combined with anticipated income. When making a spending plan, your proposed use should be lesser than the normal income in order to cater for possibilities or emergence that may emerge.

4. Squander not and purchase in mass: Do not waste any significant things or resource you have. On the off chance that you discover a thing no more useful, at this point be helpful, you can do well by selling or giving it out to noble cause. Likewise, purchasing things in mass saves you a ton of cash as the unit cost of products are higher when contrasted with what you get for purchasing in mass.

5. Figure out how to say no to chipping in your cash and purchasing pointless things: Sometimes your powerlessness to deny certain things is the motivation behind why you are constantly poor. You ought to try not to chip in your cash to occasions that surface too much of the time and not incidentally. Also, you ought to request yourself from you truly need what you are going to purchase.

I am also a victim of stupid spending and wish to learn how to stop it, I can make 5k in one week and finish it in 1hour, it keeps me broke and always needing money, am also trying many ways to see if I can stop excessive spending of cash

 

[Presh1503]

The only way to avoid excessive spending is to make proper planning and budgeting of the things needed and also discipline yourself in your spending and don't forget to save no matter how small the amount may be
[automerge]1612604095[/automerge]
The only way to avoid excessive spending is to make proper planning and budgeting of the things needed and also discipline yourself in your spending and don't forget to save no matter how small the amount may be

 

[WhiteHouse]

It might, on occasion be hard to stifle the desire to go through cash since voracious needs are equivalent to human instinct. Be that as it may, on the off chance that one deliberately settles on a choice to control avoidable costs and sets out to submit to it, making it a propensity, it is the most economical approach to ebb the uncalled surge of cash.

 

[Veetos12]

Many individuals who spend unreasonably need more cash or are consistently paying off debtors. On the off chance that you additionally spend unreasonably and you need to stop it, at that point this post is unquestionably for you!


1. Learn Discipline: Discipline is demonstration of making the best decision at the ideal time. It is equivalent to discretion. Being focused is the surest method to chop down unreasonable spending. Control involves having the option to spend in a savvy and sound path without anybody convincing you to.

2. Try not to convey more money than you need around: Let's consider two people John and Daniel. John ventures out from home with 6,000 Naira and Daniel ventures out from home with 1,400 Naira. Who is bound to go through unnecessarily spending during the day between the two people? Clearly, John is probably going to spend unnecessarily and Daniel is probably going to spend sensibly

3. Have an arrangement … A spending plan: A spending plan is separated synopsis of proposed consumption typically combined with anticipated income. When making a spending plan, your proposed use should be lesser than the normal income in order to cater for possibilities or emergence that may emerge.

4. Squander not and purchase in mass: Do not waste any significant things or resource you have. On the off chance that you discover a thing no more useful, at this point be helpful, you can do well by selling or giving it out to noble cause. Likewise, purchasing things in mass saves you a ton of cash as the unit cost of products are higher when contrasted with what you get for purchasing in mass.

5. Figure out how to say no to chipping in your cash and purchasing pointless things: Sometimes your powerlessness to deny certain things is the motivation behind why you are constantly poor. You ought to try not to chip in your cash to occasions that surface too much of the time and not incidentally. Also, you ought to request yourself from you truly need what you are going to purchase.

Thank you so much for this mind blowing write up. It is very educative and insightful. Spending should now be well managed with this beautiful piece of advice if well followed one by one.