How to Build Self Discipline in How you Spend your Money

[Abigael]

Self discipline is the best character when it comes to proper spending of money. But so many people lack it and that is why you find many who spend money on unwanted things, live from paycheck to paycheck and never invest on anything profitable. Here are some tips to building self discipline for better expenditure;

1. Say no to your spending urges - it is much easier said than done, but it is very necessary. Whenever you say no to buying something that is not so useful or cannot afford, the more your self discipline muscle grows.
2. Have a budget and stick to it - when you have a list of things you need to spend on each month and their prices alongside them, spending becomes more disciplined. But more discipline is created when you stick to your budget. Again, saying no to spending things outside your budget is what grows your discipline muscle.
3. Give yourself some luxuries every now and then - when you spoil yourself sometimes, you become so satisfied and look forward to when you will have fun again. The reason why some people overspend is sometimes because they become so strict at themselves not to have fun that the stress pushes then to spending on the opposite of what they want. When you resist something, it persists. So embrace luxuries as part of your budget but in small amounts that doesn't waste it away and you will spend better.

 

[Augusta]

This is just the truth if you really want to stick to your financial plans then you have to discipline yourself. The thing is that a lot of things we ever make to happen in our lives Is always through self discipline if not you not have it all.

To discipline yourself financially you need to start with having a budget and sticking to it. A lot of times it is the budget that helps us reduce our spending so you draw up a very realistic budget and go for it by sticking to it.

Then reduce spending to the hardest minimum.

 

[saoussen5765]

As you have said, sometimes you are purchasing some new clothes but you use for one time like a dinner or going to festival or weeding and then you let in your house getting space for nothing, so it is very important to know what to purchase and what to not purchase.