[Yugocean]

Everyone knows the need to stop unnecessary expenditures for savings, but only a few people keep in mind where their unnecessary expenditures are happening.

For example, some people rarely go to the gym but take out a monthly or annual membership.
The reasoning behind this is that the membership fee is less as compared to the one-time input, and that is where they go wrong.

Total daily input will cost more than monthly fees, but only if you go to the gym five days a week. Similarly, the annual membership fee will also be less than the monthly membership fee only if you go to the gym every month.

Compare it.
If you go on vacation for a few months, compare the annual subscription fee to the number of months you will actually go to the gym. If the amount of the annual fee is still less than the total monthly fee, then only take the annual subscription, not otherwise.

Similarly, if you only go to the gym once in a while, skip the monthly subscription and just use the one-time input.

[arunima]

I would say that a judicious use of money is the way to save and not end up spending on things that you might regret later. There are many traps out there to lure the consumers... sales, discounts, offers, annual membership etc. But then one has to think before falling for such traps

[augusta]

Yeah we just have to look into the unnecessary spending even when we believe they are important to us but might just still be unnecessary spending to be avoided.

[Vehlijanta]

These are the things on which we spend unnecessarily so we need to make note of these

[Shavkat]

I agree with you. We need to list things that we are spending regularly. It is not good to incur accrued expenses.

[augusta]

I agree with you. We need to list things that we are spending regularly. It is not good to incur accrued expenses.

The bad side is that you can even retrieved spent money so you need to be careful with your unnecessary spending to avoid going broke.

[Loveable]

Making a detail of where you are spending money always comes handy as you can look at these and compare prices and also will be aware of your spendings

[augusta]

Making a detail of where you are spending money always comes handy as you can look at these and compare prices and also will be aware of your spendings

Yeah it is good to compare prices and save money where you should. Even with a 1% discount you should get than nothing.

[Yugocean]

People thinking what is 1%? aren't thinking, they are wasting. Every dime counts.

[misha]

we should control our spending yes there are so many people who spend on unnecessary thing..

[tumbutumbuan]

Sometimes a small crack in the ship's body can cause the ship to sink, that's how small expenses you don't actually need to take out, can destroy you little by little. so it would be better if every one of your expenses, no matter how small, could be properly recorded so that you could know where you were spending money on unnecessary things

[bismillahdehoke]

Make it a habit to make monthly, or weekly and even daily spending records better because you will know where your money is going, and can cut unnecessary expenses at any time

[travissubandio]

If we don't keep records of what our expenses are, it will be difficult for us to know where the unnecessary and unexpected expenses are. So as much as possible we should record it

[misha]

yes sometimes we spend unnecessary we have to keep noted of it whether its required or not.. unnecessary spending is just waste of money.

[smoothmeatball]

You need to write down any expenses, it will make you tired and bored but it is great because you can cut down anything unnecessarily so it will be more money to save

[darkuszerx]

I always record my expenses and income, especially for expenses, so I know where my unexpected expenses are and also where I am spending unnecessary money. I can save more from there because I don't need to spend any money unnecessarily.

[Yugocean]

I always record my expenses and income, especially for expenses, so I know where my unexpected expenses are and also where I am spending unnecessary money. I can save more from there because I don't need to spend any money unnecessarily.

The more you save, the better budget you will make and secure your life financially.