As a kid, all we want to do is grow up and live the life we dream about. Little did we know that it is harder than we think. Getting a degree and then a job is hard, but what is harder is to know that you live for once and you earn for yourself but you still realize the fact that you have to spend your money wisely. See some reviews here.
When I first started earning and saw the bills I questioned so much about why do we even live as we do, a house in the woods can b a better option than this one but we are costumed to the modern world now and to earn, eat and repeat with occasional fun is the answer to our questions.
Now what the question arises is, how to have a balance in our finances? Meaning, how to be financially responsible? Following are the seven ways in which you could reduce your monthly expenses.
- ELIMINATE UNNECESSARY PAYMENTS
Our life is busy, almost robotic but does that mean that we should impose some unnecessary payments on ourselves? Why pay for the mobile data you are not using? Why pay for the Wi-Fi that was plugged in even when you were not in the house and many more. Below is the list of things we spend on unnecessarily.
- Checking for credit score
- Buying new just to avoid used goods
- Television cable
- Cell phone data
- Late Fees
- Extra warranties
- Bottled water
- USE TRANSPORTATION WISELY
We love to have a car and driving it to work or school but keep in mind the expenses you have to bear just to keep this luxury and think of all the money you will be saving in
- UNUSED MEMBERSHIP? A BIG NO.
Almost every one of us has a gym or club membership that we have never used, but it costs us a fortune. This is a major expense, it seems huge, and it is huge. Nobody likes throwing money down the drain but, nobody wants to take out some time and go talk to the administration about canceling the registration.
- ERADICATE HARMFUL HABITS
Habits like smoking and drinking are extremely bad for our health and can leave us in a hospital bed easily. Keeping the cost of the hospital bills aside, accumulate the annual amount you put in to buy these things, and you will know what am I talking about. Sure, have an occasional drink, have the fun you deserve but know to live in the balance.
- EAT AT HOME
Eating outside is the new trend but please do not follow it for your own sake. Eating at your house and cooking your meal helps to reduce your cost of food to 50% and that is huge and again, eating outside is not very good for your health.
- GARDENING MAY PROVE TO BE BETTER THAN YOU THINK
Gardening can prove to be good as a hobby. It could bring color to your eyes, enhance beauty to your house and can grow some fresh ingredients for your food. Planting some herbs, mints, and pepper can save you a good amount of money.
- BE GOOD TO YOURSELF
I know life is hard already and with all these precautions it could be even harder, but please be good on yourself. Set yourself some monthly allowance and use it at the end of the month to keep you motivated to stick to your budget.