budget (Photo credit: 401(K) 2013) |
Normally,
we do not think of the situations and possibilities when we spend a lot of money
but soon we realize that we have made a mistake that is leading us towards major monetary losses. Some of the ways we spend
without thinking are:
· Physical Shopping vs. Online Shopping:
Suppose
you go to shop physically and like something. You decide to purchase the
items you want. You hurry up, take your wallet out, and purchase them
instead of thinking just for a second that they might be useless to you. Later
on, when you go home you search for the same product on the internet
and find that these products are available cheaper. It's best to search online first before making your purchase because you may find it for less online.
· You Do Not Use Services You Paid For:
Sometimes,
we purchase services that we want to use but do not get the time to use them. For
example, you have purchased the HyperOffice app for your iPhone, as you have plans
to do your office work at home and for this, you need to use you smartphone.
Keep in mind that you are paying $7 for this app on monthly basis but you did
not find time to use that app on your phone. What is the purpose of paying for
this app? Just think, $7 may not be a big amount to pay on monthly basis but on
annual basis, it is a lot of money.
· Waste of Perishable Food:
If
any of your family members are a diet conscious person, they will prefer to have
organic food. To save time, you stock up for a month without considering the fact that fruits
and vegetables are perishable in nature. As a result,
you have to buy them again in the same month, which is why your monthly budget fails to save anything. Buying fruits and vegetables is not
expensive but buying them again and again will cost you a lot of money in the long
run.
· Relocation:
Just
think for a second that you are moving from one place to another. For your
convenience, you did everything possible for you to save money. For example, you hired a home mover. It may benefit you at this time to sell many of your possessions you do not need any more. Less possessions may lead to a smaller living space needed
If you don't, you may have to rent a larger house to place your belongings, which will effect your budget.
These
are a few areas which will help you understand that
by spending less you can help in making your income stretch further.
Author’s Bio:
Husain
joined Opendoorloan as a Finance Consultant in June, 2011. He is accountable
for all aspects of payday loans online. Visit his website to see how it works.
I absolutely agree with all of these. Sometimes we disregard the waste of money we have on small basis without thinking that this is actually big if you add them up.
ReplyDelete[Off Topic] Why would you use HyperOffice, when you have a ton of free alternatives (Bitrix24, etc.)?
ReplyDelete