Sometimes we find ourselves in the same situation that we promised ourselves that we wouldn't be and each time we continuously say that without putting severe actions to it, they will keep finding themselves in that same situation.
Such predicaments need to be dealt with in an immediate action because they will continue to be mere words till an action is taken to execute it.
The question from @kerrislravenhill in the #ladiesofhive weekly contest prompt gave me a rethink about the budget that I exceeded after the thorough method I ensured to take to avoid excessive spending.
I have been in so many situations that I have promised myself countless times that I wouldn't exceed my budget but the more I promise myself the more I keep exceeding the budget. I started understanding how I react to the needs and wants of certain goods and services and then prioritizing them according to their relevance.
I learned the hard way and maybe this might help you curb yours and stand firm on those decisions you made to stay true to your budget at hand.
Most times, it could be an increase in the aspect of livelihood which includes the high rate of commodity as this would affect the capacity of such budget.
Sometimes we are moved by what we see, feel and imagine then we act immediately about it and make rash decisions that aren't included in the budget.
We refer to those acts as an impulsive reaction, and this is where all hell breaks loose! Once it's unleashed, the rate of spending even on unreasonable items is considered an act of foolishness. If an individual learns how to control and manage the urge to purchase miscellaneous expenses then they have solved one piece of their problem.
The strategies and tactics I apply to stay on track?
It's quite hard to stay on track but one must be intentional about this decision for this to be a success. Below is my one-cent method of staying on track with my budget;
Increase your unforeseen expenses budget: It might sound weird to you but every individual must prepare for unforeseen circumstances. Of course, no one prays for unfortunate incidents but life always throws challenges in all shades. Increasing the budget for this would enable a slight opportunity for such individuals to take extra spending.
Initiate a side hustle: Initiating a side hustle is very important because most times the amount of debit balance is much higher than the rate of credit balance. It's alarming that one earns an average income and gets total bills that exceed monthly income, in this case, how does one prepare and save for future purposes? When there are more than two streams of income, the allocation of funds for expenses won't be a big deal.
I hope this helps you, if you have any questions whatsoever please ask in the comment section.
This is a response to the #ladiesofhive community contest 169
