Overspending is a problem that many of us face. When you get a little bit of extra money, it truly does burn a hole in your pocket. Sure, you budgeted $75 for going clothes shopping this month, but you found a really cute outfit that you absolutely can’t live without! It’s okay to go over by $20 or so, right? Well, that’s fine every once in a while, but it can become a dangerous habit, and eventually will wreck your entire budget. Suddenly, the extra $10 or $20 every couple of weeks has added up to thousands a year. Check out this post by Jesenia at The Latina Homemaker for reasons you may be overspending, and how to stop it:
-You don’t have a budget: “failing to plan is planning to fail.”
-You use the ATM- they almost always charge extra fees, and are enabling to impulse buying. Take the time to go to your bank and withdraw cash, and you’ll find that your impulse to spend is gone.
-You drive unnecessarily- Make a list of all the places you need to go at once instead of going on multiple trips to save on gas.
-You pay for convenience- paying for fast food or going through a car wash instead of doing it yourself will really cost you in the long run.