Control your monthly expenses | Fusion - WeRIndia

Control your monthly expenses

Control your monthly expenses

Read this article to know more about controlling monthly expenses.

Don’t buy with credit cards. Rather you can use debit cards or any mobile wallets for shopping. This is because, credit card purchase cannot affect you immediately.

So, you may buy unnecessary items. If you use cash or debit card, you can see a reduction in your cash balance immediately. Hence, you will be more careful in what you buy.

Limit your supermarket purchases. Supermarkets have all things at one store. So, if you want to buy one thing and go to supermarket, you may buy ten things which may not be really needed.

You might be attracted to things there. So, visit supermarkets occasionally when you need things that are only offered there.

Reduce your eating habits. It is quite common these days for people to eat out. For birthday, marriage anniversary, getting promotion etc. whatever is the reason, celebrating by eating has become a must.

To celebrate it in a grand manner, they spend huge money at restaurants. What more, sometimes, the ordered food is left over which is also a waste of money. Instead of going and eating out for every “valid” reason, eat home food.

Try to go and eat at restaurants only on certain occasions. It saves your money and protects your health as well.

Control your entertainment expenses. These include unnecessary travelling expenses, movies, cable bills etc. Some people have a habit going out frequently whenever they have sometime. For some others, entertainment means movies.

While this can be fun, remember that you are wasting your money in the name of entertainment. So, try to cut down on your outings.

Prepare a monthly budget and follow it strictly. If you find any unnecessary things that you or any other family member is buying, cut it.

Image Credit: Home budget. Calculating monthly expenses for rent, electricity, phone, grocery and food by Marco Verch under Creative Commons 2.0

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