Monday 8 June 2015

Have you heard of this: "NO SPEND DAY" ?

 


This is a tip where you should set at least 1 day in a week to NEVER spend (or at least only your basics like transportation and food). Do you think you could do it? Technically, even if you don’t open your wallet, you’re still spending money on things like rent, subscriptions, and gifts — you just didn’t count them. But that’s even more of a reason to create a “No spending” day on the money in your wallet: because you can actively control it.

Take this scenario: if you use a car to go to work everyday, try gassing up your mobil at Sunday. As well as hitting the grocery for a week's worth. And then starting Monday till Friday, dedicate at least one day where you don't have to spend any of the peso in your wallet.

It might sound challenging but if somehow you managed to have a control on your spending habit in that particular day, you will know to yourself that you can actually save more the next time you will go to a grocery. And from that, you will worry lesser since you have the savings you'll need to pay for bigger bills at the end of the month like water, electricity, and even your life insurance.

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