THREE SIMPLE FINANCIAL HACKS TO TACKLE OVERSPENDING HABIT.

REASON

From scratching my head to fixing  equations on overspending I figured out “bad money management” was the basic reason behind this. And this is because most of us are not taught about lessons on how to manage our money from our childhood unlike other lessons on bad habits like drinking and smoking.

Here are few simple hacks you can try on:-

1.      Track your spending.

Keep a track of your spending or maintain a spreadsheet. Breaking up your expenses into categories like food, clothing, housing, medical care, emergency, fixed deposit and so on, makes you more realistic and aware about your budget. So that you can put a limit on daily expenses by substituting all the equations involving in your budget.

2.      Taking advantage of coupons and promotional codes on internet.

Yes, taking advantage of promotional coupons and codes helps you save a lot of money. Online shopping is in trend and due to increasing competition in this field the online sales provider are coming with different rate of heavy discount on same stuffs, So just grab these kind of opportunity, compare and then buy, I guarantee you , it will save a lot of your money.  

3.      Earn, plan and then spend.

“Good habits happen when planned, bad habits(overspending) happen on their own”. You can divide your money and put it into envelopes, marking down on the envelops what each pile of money is for. That can make it easier to see where your money is going. Do this, and you’ll be more educated about how much money you actually have, and how much you have left over for fun stuff.