Mismanagement of our personal economy can prevent us from saving. But, also, not having the habit of gold can lead us to spend more than necessary.
We will review a series of expenses that people who do not save usually overlook. In some cases, it is not so much about the expense itself, but about the way they deal with it.
Little thought expenses
It is a very common way of spending and at the same time, it is a real problem for the income / expense balance .
This type of purchase has to do with the consumer impulse and poor planning of the domestic economy. In general, it is based on the purchase of objects, products, or services that we really do not need.
A good example may be related to technology. The changes of mobile device when they are not necessary or the almost compulsive purchase of products that we already have, but that are offered to us with some slight improvements.
Bad planning of our monthly budget
It is not an expense in itself, but it implies control or lack of control over all our expenses.
When we don’t plan our personal finances well, the tendency is to spend more than we really should. This basic principle can really help us with the set of expenses that we are referring to in this article. For this we only need two things: desire to rationalize our economy and a good budget adjusted to our economic reality. Of course, it is important to make a budget that really serves you .
In a world in which work is increasingly flexible and decentralized, eating at home has become a problem for many people, both because of the short time available at mealtime and because of the displacements involved.
Obviously, with a good budget, eating at home is always cheaper and healthier . However, a very high percentage of Spaniards eat every day away from home. Eating out is expensive, even with the best options we can find if we compare it with preparing food in our home and taking it to work.
The offer of services that can be accessed today is immense. From the basic subscriptions related to the consumption in our home, to all kinds of subscriptions, leisure services, etc.
The problem with these types of subscriptions is that we accumulate one after another, with amounts that can be relatively affordable, but in the end, in the sum of services we find a really high amount .
Here, as in everything, it is necessary to be reasonable and thoroughly review all the services and subscriptions we have . Streamlining this expense can save a good amount of our pocket.
It must be recognized that as technology has made it easier for us to move, we have become more and more comfortable in this regard. It is interesting that says that an adult in the 50s of the last century finished an average of 10,000 daily steps . At present these averages have plummeted, in fact, there is talk of averages below 3000 daily steps.
When we have to move, we not only talk about health, but also our pocket . Excessive use of private vehicles, in addition to contributing to an environmental problem, helps empty our pocket . Travel expenses are very high, especially in large cities. Using public transport, car sharing, looking for sustainable travel alternatives, or just walking if possible, are good tools to combat this expense can be very high.
Financial expenses bank fees
Those people who have never reviewed their financial product contracts well, including such basic issues as bank accounts, can find true negative surprises, by accumulating costs, commissions and expenses that they might avoid.
These types of expenses are really easy to optimize. It is enough to thoroughly review the contracts of our pension plans, bank accounts, life insurance, etc. In those cases in which we do not understand the costs well, we must go to the entity in which we have contracted the product and ask to be specified.
On the other hand, it is necessary to avoid intensively in accumulating overdrafts in the accounts, or expenses related to interest for the misuse of credit cards. These are expenses that can be very high.
Excessive leisure expenses
It is clear that leisure is necessary. However, we do not always measure well what we invest in leisure. The tendency to spend more than we need is a reality that affects many people. Part of the sense of reward we get when we invest in our leisure, and also, of an unclear perception of what we can really spend .
Spending at leisure is necessary, but doing it properly in our pocket is smart.
Spend on bad habits
There are many bad habits that cost a lot of money a month . Surely you have trouble recognizing many of them. Let’s quote only one: tobacco.
A person who consumes a pack of cigarettes per day with a cost of five euros assumes an expense of not less than € 150 per month. It is an expense that also contributes to significantly damage our health.
In addition to improving our quality of life, saving this caliber can allow us to consider other types of activities in addition to maintaining savings. He thinks that those 150 euros per month become 1800 euros per year. Now think what you can do with those 1,800 euros, in addition to saving a part of them. There you have another reason to quit smoking.