Six Ways to Eliminate Spending Leaks from the Monthly Budget
Stay Away from Cards, Carry Higher Currency Bills
Carrying credit cards sometimes results into unnecessary expenditure and because of its easy to use facility, it leads to heavy payment of bills that can disturb the prepared budget. Sometimes credit cards also lead to shopping addiction so it is required to be eliminated for limited expenses. In addition, carrying change encourages the habit of spending money on unnecessary smaller expenses. Carrying higher currency bills restricts one’s shopping intention, so prefer carrying larger bills instead of change until or unless there is a need of it.
Stay Ready for Small Emergency Conditions
There are possibilities of many emergency conditions that cannot be eliminated. These emergency conditions can be in form of car breakdowns, wedding functions, children’s school trips, medical emergencies, plumbing issues, traffic rule violation charges, etc. Any of those occurrences will lead to extra burden and misbalance of the monthly budget. To face these extra expenses it is required to be prepared in advance. To manage any of such condition, keep definite amount of money such as $3k or $5k, and separate from the other contingency funds. By proper planning these kinds of emergency conditions can be easily handled without any hassle.
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