The last two weeks of the month are often the hardest wallet-wise because of the not so wise spending decisions we make after receiving our paychecks. But this shouldn't be the case friends, we have to make sound financial decisions. I hope you find the following tips helpful;
1. Carry small amounts of cash: in this way you are limiting your spending. Often times we get carried away with our spending, ladies more especially. When you find a sale at a store you wouldn't want to miss it for anything. But that's a really bad habit. Exercise a bit of discipline no matter how bad you want to buy that item. Carrying small cash can deliver you from the temptation of wanting to biy if you really can't control yourself.
2. Eliminate or control your use of credit cards: if possible reserve your credit card usage for rainy days or for transactions that strictly require credit card as a mode of payment.
3. Buy only what you NEED versus what you WANT: you should be able to tell the difference between the two. Wants change every minute, honestly you just can't keep up otherwise you will end up buying everything in the store.
4. Use a grocery shopping list and stick to it: don't even be shy about it, those that you are trying to impress will not be with you when you are thebeless. Take your written savings goals as a reminder when you go shopping.
5. Cook meals at home and pack lunch to work instead of eating out everyday: it doesn't make you less cool but rather puts you in control of your money. Imagine the P25 or so that you can save everyday, in just one week you could save P125 and in one month P500.
If you are tired of being broke my friend then it's high time you create that financial action plan. Put into practice the tips shared as well as more tips that you come across daily.
