Tuesday, August 8, 2017

Rambunctious Money!

Hello Friends!

The good news is you can have a complete control over your spending with some guidance. If it is really a serious matter for you, you will do it.

Remember: When you're using your credit cards, you're spending money which is not yours. This money you do not have. It is only a debt. You have good intentions to pay it, but this is not enough.

Be alert and conscious of how much you owe your credit card/s. And avoid being careless or assuming that the money will be miraculously available by the end of the month, or by the due payment time.

Using multiple number of credit cards is not wise. One is more than enough, unless there is a good reason for doing this.

Separate your money spending from your emotions. To impress your boyfriend, you realized that you tend to spend more while you are around him. No No. Stop this habit immediately. It is not fun at all to put more money in items that you do not really need.

Only use your credit card or your cash in purchasing things that you really need them, do not buy just because this item was on sale. 😲

Spending should be guided by your financial goals. If you're saving in order to have a down-payment for a home, do not go and buy a new car, or sponsor a welcome party for a friend. It is unwise to do similar expenditure.

Overspending is when you take the wrong decision contradicting your financial planning. It will always keep you far away from accomplishing your money goals.

If you are out of tricks and you really can not control yourself using your credit cards, pls get rid of them, and never carry them in your purse or wallet, since it is obvious for you that it is the only solution.

One of the key elements to control your spending is to have a plan, a goal, a management, and a follow-up for checking on results after implementing your plan.

Some people would advise you to go to professional consultant, but you really do not need that, unless you're dealing with millions. You are your own planner, manager, and best accountant.

For God's sake, it is your money, who would ever be better than you in taking care of your money?!

Watch yourself carefully to know what your good/bad habits are when it comes to spending money. Are you totally dependent on your ATM machine, withdrawing all the time, on a daily basis? Oh! If this is the case, there must be something wrong. Pay more attention. You should not see the ATM machine except once a month, when you deposit your checks.

Sit with yourself, and put on paper all the categories that you spend at: Food, home, travel, medicine, etc.. Know how much you spend every month on each of these categories. See if you're making enough money to spend that amount or not.
Are you spending all your income? If yes, this is also not right. You need to have savings. No one knows what may happen in the future. You better have some money stashed for emergencies.


It is very important to know which spending is fixed (recurring in the same amount every month). For example, you pay $ 100 for your cellphone plan every month. Also changeable but recurring, you need to have an approximate figure. For instance, electricity varies every month according to your consumption, but it would be within the range of $50-$70/month.

Other expenditure could be for fun not required to be in your budget at all if you need to cut it off completely, but if you have extra money and you want to spend it on a sport you like or a hobby, it is still OK, but plan it too in you budget.

Stick to your plan, unless there is an emergency.


1. Manage Your Budget
There many ways to track and control spending. You need to be aware of everything related to your money. Do not leave it unattended, it is like your own kid. Can you leave her/him unattended if doesn't have a logic of her/his own yet. Money does not know any logic. It can go wild.

2. Follow Your Plan
Keep in mind your priorities.

3. Be Honest with Yourself
Do not deceive yourself. Be a good guard on your own money, and do not neglect it.

4. Befriend with someone who is wise with money, or you admire her/his decisions when it comes to money. We get along better with people who feel the same towards the same approaches.

5. Update and Maintain an Emergency Fund
Consider it untouchable, and act accordingly.

6. Continue Finding Methods of Saving
But do not live miserably, live within your limits, you will be happier, and start your saving journey, the sooner the better.

7. Educate Yourself about Money
Catch any chance that would provide you with more knowledge about money, and give up any habits that drag you to more spending.

Probably we should continue talking more about few more points, but until then, just remember that money has no brains; you can call it rambunctious, like my son's dog! 😨

. What is budgeting?
. No Money Worries.

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