Everyone of us, at one time as fallen into that trap of excess spending. To avoid this, you need to consider the following smarter spending steps that will inspire an overall plan and new habits that will guide your day-to-day decisions.

    • First and foremost, set new priorities – Budgets revolve around 3 costs: food, housing, and transportation. After you budget for these expenses, which probably will account for between half to two-thirds of your take-home pay, and factor in any debt payments, you can decide how to prioritize savings, household expenses, professional expenses and entertainment. Those flexible expenses can be scaled up and down more quickly than fixed costs like rent payments.How to create a smarter spending plan
    • Harness the power of online tools – If you want to budget, you can simply use a smart phone app like Level money. On you can upload your credit card account information and get immediate insight to where your money is going. You can then use that information to start saving more money. Using these online tools, will go a long way to make it easier to manage your money.
    • Time yourself – If you have plans to buy a specific item, then you need to put in those plans earlier enough and budget for them to avoid buying on instincts.
    • Budget by the year, not just the month – Budgeting for the year helps to put in more buffer for unexpected expenses
    • Set money aside for fun expenses – Having money set aside for each of your expenses makes it easier to manage and track where the money is going. Some people overlook those small and inexpensive expenditures, only to discover late when they run of cash.
    • Consider your high and low points – Go back to the decisions you made earlier, to pinpoint your weaknesses. Also consider the good decisions you made like doing a price comparison before buying a car.
    • Take a spending diary challenge-Try to write down every single thing you spend money on for the last 1 month. Why and how it made you feel. Review the list, and see what is not supposed to be there.
    • Avoid Temptation – Avoid signing up for any promotional email that come your way. Cancel them if you have subscribed to avoid those tempting emails with shiny catalogs.
    • Reward yourself – Don’t deny yourself every material pleasure that comes your way. After hard work for your money, let it bring some pleasure. Maybe occasionally taking a meal out.
    • Share your budgeting/Spending plans – Simply share with your friends and get their feedback.

Author: John Mulindi

John is very passionate about Digital marketing. He blogs on topics ranging from Social Media marketing, Search Engine optimization, Internet Marketing, Email Marketing, to Personal Development. In free time he likes watching Football, Reading, Listening to music and taking Nature walks.


  1. Budgeting is really important. Without tracking the budget, saving becomes so difficult. Rewarding yourself is the best part. Thanks for sharing.

  2. I agree with the idea of rewarding yourself. It helps you to stay on track knowing that you will get to spend money on something fun.

    1. Yes, I too use an application to budget and track my expenses. Am able to plan well in advance. Thanks for dropping by.

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