How to deal with over Spending and Extravagant Spending
One thing I have really admire and notice in people who really sweat and work to gather their wealth is they don't just spend extravagantly.
What do I mean by extravagant spending, this is the way of spending your income or money without proper caution of Financial Management. This has really been a major problem in some people finances and trust me at a time this was also one of my problem but thank God I was able to resist and work against it
At times the issue that lead to extravagant spending is not been able to control your wants. Not all wants is to be attended. I don't really have issue you having wants. You actually need to attached order of priority to it and also been able filter which one is necessary and which one is not necessary.
One way of dealing with extravagant spending is been disciplined. Discipline is key. You really need to be discipline in order to cut down the urge of extravagant spending.
Extravagant spending comes with a urge and this is the particular urge you really need to subject to whole lot of discipline. Draft out a financial management schedule, if possible draft out saving plans and stick to it
And another thing is been able to differentiate between your wants and needs. If you are not able to attach the value to your needs much more than the wants, you will know when to spend your money on and when not to spend your money on. This is really crucial
These few tips can help you to reduce your level of spending and the way you spend extravagantly.
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