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6 effective ways to avoid small expenses
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6 effective ways to avoid small expenses

By Kiwilimón - 2019-09-23T17:52:45Z
Your daily coffee, the bottle of water, the afternoon craving, tips, and other almost invisible expenses that daily leak from our wallets are collapsing your personal finances, even though they may seem harmless.

These small money leaks are called small expenses, as even though they are minor, when summed up, they can represent over 10 percent of your salary.

The worst thing about these small expenses is how everyday they are, because they are always present in our lives, at all times, and that’s why it’s so easy to spend without realizing it.

To avoid these expenses, here are some tips to help you take care of your wallet.

Identify the expenses

In order to control ourselves, it is necessary to identify what the expenses are and select those we can do without. Make a list of everything you spend daily and reflect on whether it is vital for your day-to-day or not.

Write down everything you receive and spend

Once you have identified your fixed expenses, we suggest you keep a strict control of your budget, both of what you receive and what you spend, so you don’t leave any “gaps” and always have your accounts clear.

There are several apps where you can keep track of your finances; the best part is that you should be disciplined in making all your records, and you will be surprised by the results.

Set a savings goal

We have always known that saving is very important, but sometimes it is difficult to do so. Let’s be honest, we are used to saving only what is “left over,” but ideally, once you receive an inflow of money, you should allocate a part to savings, so you see it as something fixed.

Organize and prepare your meals

Once you have identified your expenses, you will realize that the most you spend is eating out. Organizing and preparing your meals will not only help you avoid money leaks but also ensure that you are getting quality food and eating healthier.

Control your cravings

This point is closely related to the previous one, as we not only spend on food, but also on morning coffee, cravings at the office, the desire for a sweet in the afternoon, and even a snack after exercising. This not only affects your figure but also hurts your wallet. If you organize yourself, you can also plan your snacks and have more control over your diet and expenses.

Cancel unnecessary services

You probably have some service that you have forgotten to cancel. Stop being negligent and organize your expenses so you stop “giving away” your money.

Saving is not an impossible task; it’s a matter of will and effort, and we assure you it is worth doing. Follow these tips to make it easier, and you will see that you will have very healthy personal finances.