lesson 1 personal finance
Small expenses are hard to ignore. You might really want that candy bar or that pack of gum. You might think, “It’s only $2.99”, but speaking truthfully, if you spend all of your money on small things like candy and toys that are going to be gone within a couple weeks, is it the best idea to spend your money on these small items?
Here are a couple ways to control small expenses.
You can budget your money. If you have ever had a financial plan, you will know that it is quite useful. You will be a lot more organized, and you wont regret it. Budgeting money is a good way to stop small spending because it gives you a secure, strong, plan.
Another way you can control small expenses is willpower. If you tell yourself that you aren’t going to spend any money, it might work. But often, it doesn’t work. People get easily distracted and spend their money uncontrollably, even though they said they wouldn’t spend any money.
If you are going to spend on something, make sure that its something worth it. Lets say, a coffee machine or something else that is important in your household.