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How to reduce the desire to spend money
The main problem of today’s capitalist era is overspending. Also known as extravagant use. beyond the existing income and not planning for the future This is a problem that causes many financial coaches to advise people who are determined to adjust their behavior. Train yourself to save more money. stop spending money with the following methods
1. Make an account of income and expenses.
The most important foundation of saving more and control the use of their own money Is accounting for income and expenses should be done in Excel or a book with tables for the convenience of adding, subtracting, multiplying, and dividing numbers. Accounting for income from salary, supplementary income, various OT jobs on the side of income The expenditure must record everything. Whether the bus fare, fuel cost, food cost, clothing cost, including the numbers, see that each month How do you have a balanced budget or get positive or negative results? This will make you aware of the areas that need to be corrected. Doing it often will correct your excessive spending habits.
2. Take into account the existing debt
Some people have 3 to 5 credit card debt only a few years from their inception. From buying clothes, bags, shoes, laptops, mobile phones and advertising new models that come out throughout the year. Currently There is an opportunity to apply for a credit card from a base income of only 15,000 baht, increasing the chance of being in debt and overspending. If you are the one who always pays the minimum amount. There are tens of thousands of credit card payments per month. Even though the salary is more than ten thousand baht As more and more compounding and interest occur, you need to stop using credit cards. and then carefully calculate the existing liabilities and intends to stop spending all the extravagant money and have to clear all debts as soon as possible
3. Think about the future
Having goals is important in controlling your spending. If you have no direction what to do with the money you have. When income comes in, whether in thousands or hundreds of thousands of baht It can be used up in the blink of an eye. It’s best to take a piece of paper and take notes. What are your goals in life during 1 year, 5 years, 10 years and when you retire? How much money does it take to reach the goal? When there is a clear inspiration You will be able to reduce the use of extravagant money. By turning to saving by buying bonds or funds that are less liquid than holding cash in hand.
to change one’s own behavior in terms of spending It cannot be accomplished just by thinking or planning. But it has to be done by analyzing yourself and seeing the real cost figures. in order to raise awareness of the problem of using money and have a new goal of self-control
