
Avoid Overspending
Are you a Long-Trem overspender?
If you start each month with great intentions and spend according to a fixed budget, but eventually you start making irrelevant purchases justified by that ever dangerous “this little things won’t hurt” attitude, you’re likely facing an empty bank account by the end of the month.
Problems of Over Spending
- Your Budget never adds up
- Your debts exceeds then your income
- Your fun spending exceeds more then your fixed expenses
- Your expenses rise more then your income
- you start investing on unwanted things instead of saving it for the future

1. Calulate you total Expenses
Your first step towards saving money and Avoiding Overspending is finding out exactly how much you’re spending each month. You can do this by glancing your bank statements and bills. Add up everything you spent for the last six to 12 months and then divide by the amount of months, which will give you your average monthly expenses..
2. Set Goals
Figure out what your priorities are for both the Short and long-term plans. For example, buying a house, buying a car, a big vacation, emergency savings, retirement etc fall under long-term plans. Pay the bills and loans are the short term plans. So that you will be having proper plan where to spend and limit yourself to avoid overspending.
3. Find the amount you Earn and the Amount you spend.
Now you have calculated how you are spending on everything, it’s time to figure out how much is coming in and where it’s all going each month. This will help you identify expenses that need to be tracked often and on what you are overspending.
4. Plan a Budget
Now you will have a clear picture of the total money coming in and the money going out, you can start tracking your expenses and then create your budget based on what you should be spending on most.
The less you spend on the expenses you can control, the quicker you’ll get out of debt and/or be able to save more towards your goals.

* Proper budgeting gives you control over your money
* You can be focus on your goals
* You can be aware of your money in/out flow.
* You can organise your spending and saving.
* You can decide in advance what to do with your money.
* You can even save the expected and unexpected costs.
* Pre-Warned about the potential problems that arises.
* It can enable you to generate extra money.
