It’s normal that you want to be like your friends. But ask yourself this question: ‘Am I spending with them because I can or because it seems to me that I have to? ‘Many spend to be seen well. They want to impress with what they have rather than with what they are. Such a trend would draw you into real financial trouble, especially if you have a bank card. How not to get here?
Instead of emptying your account or squandering your pay in one night and living on a budget try Ellena’s solution. “When I go out with friends,” she says, “I’m planning and setting myself a limit. My pay is transferred directly to my account; I can only withdraw the amount I need for this trip. I also think it’s a good idea to the only shop with friends who keep track of their expenses and who will encourage me to compare prices and not buy on a whim. ”
Here are some other suggestions you will appreciate if you hold a bank card:
● Never leave your card lying around and regularly check that you have it in your possession.
● Make sure you dial your code out of sight.
● Do not abandon your tickets and slips behind you, but destroy them or, better yet, keep them until you receive your statement of account, which will allow you to check that you are charged only the amount of your purchases.
● Give your card number and expiration date over the phone or the Internet only with great caution.
● Never lend your card, not even to a friend*.
But, by the way, if the money is slipping through your fingers, would not the solution to all your problems be to have more? Certainly not! Let’s illustrate: If you are driving a vehicle that you do not control or drive with your eyes closed, adding fuel to the tank will give you more chances to reach your destination safely. ? No. Similarly, if you are a spendthrift, earning more will not improve your situation.
Perhaps you already consider yourself master of your money. But ask yourself, ‘How much did I spend last month, and what? ‘Are you hesitating? So, see how to get control of your expenses before it’s the other way around.
1. Keep a record. For at least a month, write down each cash receipt and its date. Also, note each item purchased and its price. At the end of the month, total the amounts received and the amounts spent.
2. Establish a budget. Take the chart on page 163. In the first column, enter all the income you expect to receive in one month. In the second, write how you plan to spend your money; for this purpose, take inspiration from your statement (see point 1) and keep living on a budget. In the third, write down the amount of money spent over the months. Also, note any unforeseen costs.
3. Change your habits. If you exceed your forecasts in certain categories and your debts accumulate, change your habits. Pay your debts. Keep control.
Used wisely, money is a good servant. In fact, in most cultures, gaining and managing them occupies a large part of life.