How to control your expenditures

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homerefinance

Joined: 21 Jan 2010
homerefinance's page
Posts: 3

47 Magic Points

Mon Feb 01, 2010 7:10 am

warghade you really have shared the nice tips you have for controlling the expenditures. I will try to sort the list for the things I have to expend for, and then will check it out whether I can control my expenditures or not.

Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1240

28942 Magic Points

Subject: controlling expenditures

Mon Feb 01, 2010 12:25 pm

Hi homerfinance,

In addition to making a list of your expenditures you should also make a copy of your various incomes, monthly. Knowing, how much money you really have in hand also helps in controlling the expenditures.
_________________
All the Best Smile

Justin

Stacey

Joined: 03 Nov 2010
Stacey's page
Posts: 12

221 Magic Points

Subject: watching your money

Wed Nov 03, 2010 7:55 pm

I struggle with it too. I make a budget for bills and the day I get my check, I pay bills. that si my concern. I usually live off of $200 for two wks, thats for food gas and fun stuff basically. Going out with friends isnt as important, see if they will come to you, hang with you, or watch movies from redbox, they're $1.00 make food at home alot, try new recipes to impress them with. Shop resale or discount and sale. Only purchase when needed. Don't go just to pass the time. Find at home and neighborhood things to do. Pack your lunch rather then eat out, go for more walks and jogs and do at home work out rather then the gym.

BankruptcyRules

Joined: 08 Dec 2010
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Posts: 5

114 Magic Points

Subject: How to control your expenditures

Wed Dec 08, 2010 1:41 pm

You can not find any one who does not like and does not enjoy festivals. But, unfortunately, people spend a lot of money for celebrating festivals and so, once the festival seasons are over, they suffer a lot due to depleted finances. This need not be the case if you adopt a few steps to celebrate your festivals. Festivals are meant for enjoyment and fun and they are not supposed to impoverish you. The following tips may be useful:

- The first step is to change your thinking pattern. You must never try to make everything perfect for the festivals. Spending a good time with your family members, close friends and relatives is more important than spending a lot of money. Some people spend substantial amounts for buying gifts for these relatives and friends and on top of it, they spend considerable time and energy to choose perfect gifts for the occasion. Such an extravagant spending will not allow you to enjoy your festivals with peace of mind. You will constantly be worrying about the bill you should pay towards the purchases you have made for the festivals.

- Even if you and your spouse have made up your minds to give gifts, you should understand that giving a single high-qualify gift is better than giving more number of gifts. Your gesture will be remembered if you give such a high-quality gift.

- You should also understand that it is not necessary to give gifts to all the relatives and friends. There will definitely be people who do understand your financial situation and will not mind if you do not give them gifts. Similarly, you can avoid giving gifts to not-so-close friends and relatives.

- You or your spouse can learn to make home-made gifts. You can procure the required items for making these presents. But, you should ensure to make them well in advance. By adopting this step, you can reduce your expenses towards gifts substantially.

- You should always make a budget for such festivals. While making your budget, you should associate your spouse and other family members including children. Children should be made to understand the financial situation of the family and hence, associating children during such budgetary exercises is absolutely essential. You should religiously follow the budget made. When you see a good saving, it will add to your happiness during the festivals.

These are simple and common-sense tips, which if followed, will go a long way in making your festivals more enjoyable.

By Home Equity Loan

ryanhmt

Joined: 21 Dec 2010
ryanhmt's page
Posts: 7
Location: Mission Viejo, CA

49 Magic Points

Subject: Re: Budgeting your expenditures

Thu Feb 24, 2011 11:53 am

There are a lot of ways to make sure you stick to your budgeting. Record all the purchases that you make for a month or two; review them and you might realize that some purchases need not have been made after all. Leave your credit card at home when you go shopping. Or ask a trusted friend or relative to keep it for you to keep your debt from growing further. And last but not the least, think twice before you spend.

Hope this will make some sense.

Tessie
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