How to avoid spending money unnecessarily

Are you wasteful? Do not you know how to manage your money and end up spending it on anything, even if you do not need it? If the answers to both questions are affirmative, pay attention to the following article. On this occasion, we give you the keys that will help you to manage your income much better, to stop spending without sense and, therefore, to be able to save a little more.

If you want to know how to avoid spending money unnecessarily, pay attention to the following tips.

Evaluate your expenses, the first strategy to save money

To begin to better manage your income and avoid spending money unnecessarily, it is important that you first evaluate your expenses. In what do you usually spend money? That is the main question you must answer. Hobbies, activities, clothes or other items can be the main responsible for unnecessary spending. The objective is to check if you are really spending too much money on discretionary expenses, that is, those that are not fixed, such as rent or basic services that are the same month to month.

In order to evaluate your expenses, you must carry out the following tasks:

• Check your expenses for the last three months, both the bank card and the cash spent.
• Find out what% these expenses represent by dividing them into fixed and discretionary ones.
• Keep all receipts to keep track of what you spend daily, so the quarterly record will be much easier to do.
• If you need it, you can download the Fintonic application, so you can plan your budgets and evaluate your expenses.

The objective is to answer questions like: Do I spend more than I earn? In a few days I spend all the income? Is it hard for me to make ends meet? These are some of the keys that will make you reflect on what you are spending and see what is the amount of money you spend on unnecessary expenses.

Tricks to save money every day

Once you have evaluated your expenses in the last three months and know how much money you spend on unnecessary expenses, it is time to change your habits in order to avoid wasting your income without meaning.

• For this, we propose you to create a budget, which you must follow to the letter. To generate it you must determine what your fixed expenses are (rent and basic services, transportation, food, health, various expenses such as having a pet or going out to dinner once a month ...), so as not to spend more money than you do not have .
• Another thing you should keep in mind is to set goals when it comes to shopping . It is very easy to spend without meaning when you make the purchase or go out to buy the jeans you need. The important thing is not to overspend, so check what you really need, make a list and stick to it, especially in food. As for clothes or other vices, you must control your impulses.
• And precisely, not be carried away when buying is another of the habits that you must redirect. Try to resist temptation and ask yourself two basic things: " Do I need it? " and "is it within my budget?" If the answer is no, stay away from what you were going to buy and you can save that money for something you really need.
• Do you eat every day outside? Reduce your expenses by preparing your meal and bringing it to work. Although they seem like insignificant expenses, they are the ones that are most noticeable. As well as coffee, tobacco and other vices.
• Credit cards ... NO! They can be dangerous if you are not able to manage your money, so we strongly discourage them. It is best to opt for debit cards, which discount the money spent at the time. With the credit, it will happen that you will spend what you do not have, but they will discount it the following month, something that can be dangerous and that can generate big debt problems.

To avoid unnecessary spending, the ideal is to limit your expenses and this will only be achieved if you put in your part and change your habits. Test spending in just one month what you need and you will see how your savings account increases little by little.

How to stop being wasteful

Although it is very important that you try to change your habits and reduce your unnecessary expenses for yourself, sometimes the lack of control requires an external agent that can reorder your accounts and your ideas. However, the first thing you should do is be aware that you are a compulsive buyer who spends more than you have without being able to avoid it.

Compulsive shopping can cause serious problems, such as anxiety, depression or loneliness and often occur, too, within these contexts. In this case, you should deal with a therapist, since compulsive purchases are usually considered an addiction . The same happens with gambling addiction or gambling, another of the agents that can cause a waste of money useless. For all these cases, doing a therapy will help you to obtain healthy alternatives that will help you to deal with the different emotional problems that lead to an unnecessary waste of money. Ask for help!