A look at your bank statements and bills reveals
that your money is slipping away like sand that slips through your
fingers. What may have caused you to get into this predicament?
Adjustment. If you were living at
home with your parents or relatives before, you may be new to the world of paying
bills and sharing expenses. It takes time to adjust and develop method of handling money.
Like weeds in a garden, debt that is ignored will simply grow
You can do the following to ease spending:
Resolve to cooperate. If you have a roommate or spouse instead of blaming each other, work as a team to bring spending under control.
Decide at the outset that you will not allow this issue to drive a wedge
between you.
Set up a budget. Write down all
of your expenses, no matter how small, for a month. That will help you
to figure out where your money is going and to identify any unnecessary
expenditures.
Allocate funds each month for separate expenses
(food, rent, fuel, and so forth). Some do this by putting cash in
envelopes, one for each expense category. If an envelope becomes depleted, you can either stop spending in that category or transfer money from another envelope.
Rethink your view of possessions. Happiness
does not depend on having the latest things.
And make necessary adjustment. Understanding and differentiating your needs from wants will go a long way to help.