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How to control spending?   

#spending #spending challenge #summer spending #vacation spending


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Sonal Sonale
@ssonalese · Posted 18 Aug. 2020

My money is slipping away fast like sand because of my shopping habit. What can I do to stop this?


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Tasty Chicken
@Tasty.Chicken · Posted 18 Aug. 2020

With some online banks you can set up saving things so each month a certain amount goes into a separate account where you can't touch it unless... You take it out but you need to have some self control. Then you could just keep in a certain amount for shopping each week / month and try to stay within that


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Ryan M 
@RyanM · Posted 18 Aug. 2020

One thing I found that works, is just being honest with yourself. Do you really need to buy whatever it is you’re buying? Instead, ask yourself these questions: Do I need it? Does it serve a purpose? Will it help me? If you answer no to any of those questions, put the item away.

I know it’s tough, but try to get it in your head that some stuff just isn’t needed.  

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Sonal Sonale
@ssonalese · Posted 19 Aug. 2020

Thanks a lot.


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Godwin Oladele I write content
@Writelord · Posted 19 Aug. 2020

To control spending means to invest. Spending is inevitable because money is fleeting. The reason money is fleeting is because many of us save money in currency. As cryptocurrency has proven over and over again, holding money in cash is relatively worthless.

So, to control spending, the best option is to save in crypto.

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Sonal Sonale
@ssonalese · Posted 19 Aug. 2020

Thanks for your recommendation, I appreciate. Do you have any books on crypto that a novice like me can read to have an understanding of how it works?


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Word Wizard I love music and writing!
@wordwizard24 · Posted 19 Aug. 2020

The most effective way that I would suggest is to keep a journal or record of all your spendings.

This way you can see for yourself where you are doing unnecessary spending and control it.


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Ryan B
@Pizzafan2020 · Posted 08 Sep. 2020

I would recommend you follow a strict budget like I do and get someone to hold you accountable. I believe there are banks that you can set up where you can only spend so much a month before they lock it until the next month.


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John belley
@JohnBelley · Updated 14 Dec. 2020

The only way to stop money spending is by taking some responsibility. I have two kids and a wife whenever I try to spend money on my self I start thinking about my family which stopped me from spending money on useless things.   


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Joe Waiganjo
@Techy.Rack · Posted 10 Sep. 2020

No matter where or how we shop, the temptation to spend money on random stuff follows us everywhere we go.

People spend money for so many reasons, and if we’re just a little honest with ourselves, a lot of those reasons can be chalked up to how we’re feeling in the moment.

It doesn’t matter how large (or small) your income is—if you’re not tracking your spending, you’ll never be in control of your money. In fact, you’ll always feel like your money owns you.

Listen: Living paycheck to paycheck is the pits. If you’re wondering where all your hard-earned money is going each month, it’s time to start tracking it in a budget! 


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Bomb . Carpe Diem...
@bomb · Updated 19 Sep. 2020

Please remember to come back and tell us which system you adopted and whether it worked for you. 


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Sarfraz Ali
@Sarfraz.Ali · Posted 11 Sep. 2020

Well then there's more need of self control here. You can start by reducing your shopping days one by one. And you've to realise that the money you've saved can be a big of great help in a situation of what the worlds going through these days , the pandemic and rampant poverty.


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Bomb . Carpe Diem...
@bomb · Posted 12 Sep. 2020

One good thing is that you have identified the cause of your problem "Spending habits". Now all efforts should be directed to addressing that with the help of on underrated tool called "Budget" Easier said than done. But once you get into the habit of sticking by you budget, everything will fall in place. Also, consider Spending what is left after saving, not the other way round. That is the only road to financial freedom. A phone app can help!


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