It’s time to adjust, when your income can not cope with your demands.
You can try to implement a cost effective strategy.
Begin a Life of Saving.
- Do not shop on impulse or for emotional reasons. Buy only items you need. Shop with a list and stick with it.
- Do not buy on credit. The ‘buy now, pay later’ lifestyle only means you are spending against your future.
- Avoid the purchase of un-required and luxury items.
- Look for bargains and negotiate your purchase where you can.
- Cut the habits - Eating out costs a lot more than home cooking.
- Carry less cash.
- Save - Try to save a percentage of EVERY income, in an account that you do not have easy access to.
- Have a weekly or monthly budget and stick to it.
- You do not need to go window shopping and buy stuff just because they are on sale
- Check your recurrent expenditure, cut them, where you can.
- Cut holidays and getaways; find alternative, less expensive ways to relax or take time off.
- Don’t be like the ‘Jones’. Be yourself. You don’t need to impress anyone.
There are many other ways to live happily, less expensively. You have got to task yourself to block holes in your pocket.
Saving is basically about evaluating your outflow critically to see where you make unnecessary expenditure, and cutting or eliminating them.
It is also about finding less expensive alternatives, while achieving similar results.
You must plan for a windfall; otherwise you wouldn’t know how the money disappeared.