Common errors of spending money

It's hard to earn money nowadays, and a lot of people are trying so hard just to earn money. This article is to inform everyone with regards to our mistakes or bad habits in spending our money. Even though we have a daily income or monthly income, nevertheless, at the end of the month, still there is no savings left with our income. Usually, this is my struggle every end of the month, when I found out that I have nothing left on my wallet.

But let me share with you a few things that I think the cause of having no savings left. These are just maybe a basic thing that is done by a person regardless of his income. It is very common to all of us that we've done every single day.

1.Spending money which out of the budget

Or let me say, spending money more than your daily income. This usually happens when there is someone who offers us an item or things which is a new style, or what we see online and we buy it. Or if you are going to the grocery store and you're just picking up with what you want and then when you are at the counter you found out that you pick up a lot more than your budget, and you feel ashamed to return it on it's a place and you have no choice but to pay.

I encountered this kind of situation when there is someone who came home and she brings with her an item like lotion, beauty soap, and a big toothpaste. At first, I was not eager to take it, but because she's good with convincing me I take the item and pay it at the end of the month.

But I found it so hard to pay it since it's not a part of my budget for the month? Because I need to sacrifice my budget with food allowance so that I can pay my debt. But there's nothing I can do but to feel regret about it.

2.Addiction to 10.10 sale, 9.9 promos, 10.12 promo, and a lot more

Add to cart! This is usually what we've committed online when we see that there's something current that they promote and because it is discounted we buy it online without hesitation. During this pandemic time, I think we need to hold ourselves from doing this habit.

Let's learn from an ant. When you see them crawling in your backyard, they are always saving food, which they carry with their back, even though they are small, they are provident. Not just sale, we need to buy it, it's just that you don't really need it but still you buy it. I'm not saying that we don't need to buy ever with that online shopping,what I'm trying to say is when we spend money and it causes us to suffer then it's not good. We try to determine, which one we need, and which one we want. There's a difference between the two, we buy it because we need it or we buy because we want it.

3.Spending money on vices and gambling

This is a reality many people spend money on their vices, one of them is a cigarette. For example, in one day a man can consume 1 pack which is cost 50 pesos and when you count it in one month it's almost 1500 pesos. Another one is, liquor, we all know that liquor prize is getting higher. If a man drinks twice a week including special occasions, like birthday, or being lonely or being promoted. Depending on what he feels on that day, and choose to drink. But the most important thing that as time goes by, this will come back for you, instead, you spend money then for your health because of suffering a lot of complications. And how about if you have 30,000 a month and when you got sick, this is your daily bill for confinement. Of course, we have our own choice regarding this matter. It is upon your motivation or principles on how you spend your money for you to save and gain with it.

4.Spending too much with food

Of course, everything is just one click, online order, online delivery is very common today. What I'm trying to say is spending money, by buying lots of foods which are costly, and not so sure of its safety and nutrients that we get from it. It goes like this, "If you cannot afford to buy it, then much better you cook on your own."Considering the possibility that we can spend another amount of money on our health when we got sick because of those foods. If there is an instance to order, make sure it's just the right amount that is suitable for your allocated budget. Spending money in just the exact amount.

5.Don't let someone lends money from you especially when that person is not a good payer.

Yes, you heard it right, a person when there is something that he wants from you, is like a 🐶 puppy, but when you asked him, to pay is like a 🐅 tiger already. Of course, we should be vigilant of who is this person who usually pay and those people who always say, I'll pay you next time.

6.Go on shopping when you are upset or in a bad mood.

This is not a good time of spending because you are not in your mood. And there are chances that you can commit a rush decision and spend more than you have in your pocket. Just let your mood settle first.

7.Do does not invest with someone who is not credible and trustworthy

I think we heard it already, an OFW who invest 100,000 became a victim or a farmer who sold his property and invest but later on they found out that it's a scam.

Recently I just found out that my friend has suffered because she was scammed, with the amount of 400,000 pesos. And what is the sad part, she lost her job and she is the breadwinner of the family. I feel so sad for her but I can't do anything to help her. So it's better to think more times before we enter with that kind of pyramiding style of investment, just make sure that it was legit.

Everyone is entitled to his/her opinion but remember at the end of the day, all we have done is for our good or the worst.

" Having loads of money doesn't make you a better person. Spending it smart does."

Thank you!