“Opportunities like having to spend your money in your own accord are around every corner. But tempting situations, whether a friend brandishing a weekend getaway or a store window showcasing the tablet of your dreams, don’t have to be a bad thing for your money. Instead, we can choose to see them as opportunities to make good spending decisions instead. Just as it took you several months or even years to create the habits, it’s going to take a little while to break them. If you try to cut too much, you might fall off the wagon and end up right back where you started, or even worse.”
We all have them. You know, those bad spending habits that break your budget on a monthly basis. It could be that you like to shop for shoes. Maybe you always have to have the most up-to-date electronic gadget. Whatever it is, you probably already know it’s a problem. If you’ve created your income statement, you’re probably finally getting to see the dollar figures associated with your overspending. Just know that what some people might see as overspending, could be right in line for you and your budget. I guess what I’m trying to say is, there’s no need to follow guidelines. For example, if you consistently cut back on other spending so that you can dine out four times a week, more power to you.
You’ve identified what’s important to you and made it happen by being frugal in other areas.
If your budget is still functioning properly and you’re meeting all of your goals, overspending in that category isn’t a problem for you. Don’t let anyone tell you it is. But what if that isn’t the case?
What if you only want to spend $50 a month dining out, but end up spending $250?
You may be looking at a bad spending habit and it’s time to face the problem and battle it until you get it under control. As you already know, it’s stopping you from saving money or even worse, causing you to pile on debt. Get started working on those bad spending habits today by using these tips.