Spending Plan Is Needed

By Rufo
@Shavkat (105700)
Philippines
February 22, 2021 6:48am CST
With this pandemic situation, I need to have a spending plan. It needs to have lots of adjustments. There are so many unexpected expenses during this current situation. It will be miles away for me if I don't do this. Do you do a spending plan now? Is it essential to consider this idea? Image Credit: crown.org
15 people like this
14 responses
• China
23 Feb
During the epidemic period, I reduced my consumption, reduced my expenditure as much as possible, and did not buy unnecessary goods.
1 person likes this
@Shavkat (105700)
• Philippines
23 Feb
That's a good thing to practice especially now. It needs to lower down the unnecessary things to spend on.
• China
23 Feb
@Shavkat The epidemic has a great impact on people's lives!
@Shavkat (105700)
• Philippines
23 Feb
@moshishibie It is indeed that this pandemic is affecting us. How's the situation in China now?
@DaddyEvil (34678)
• United States
22 Feb
It's easy... stop spending money on makeup and dresses for yourself. Nobody can see you behind a mask anyway, so it isn't necessary. A budget is always a good idea, during the pandemic or not. Figuring out how much you HAVE to have each month and then spending extra money for things you don't need is ... well, not really okay, but it is what usually happens.
1 person likes this
@Shavkat (105700)
• Philippines
23 Feb
Indeed, we need to spend money on basic needs and before buying things, we need to think not only once but more than twice. I just felt bad for those who live beyond their means despite the situation at present.
1 person likes this
@DaddyEvil (34678)
• United States
23 Feb
@Shavkat Everyone does it once in a while... but to keep doing it when you know you don't have the money and with no way to legitimately get the money is irresponsible. I can feel sorry for them without embroiling myself in their problems.
1 person likes this
@Shavkat (105700)
• Philippines
23 Feb
@DaddyEvil We always describe them as wasting their blessings.
1 person likes this
@rebelann (82221)
• El Paso, Texas
22 Feb
Most of my money is spent on bills and food so there's no real planning to do. I have to pay the bills and eat.
1 person likes this
@Shavkat (105700)
• Philippines
23 Feb
I can understand your situation. I have to do the same thing here. Before the pandemic, everything is fine. But now, I need to anticipate the unexpected expenses.
1 person likes this
@rebelann (82221)
• El Paso, Texas
23 Feb
The unexpected is what I am unable to plan for @Shavkat I never know what the unexpected will be.
1 person likes this
@Shavkat (105700)
• Philippines
23 Feb
@rebelann The same thing here. But I am trying to think more than before.
1 person likes this
@JudyEv (240067)
• Bunbury, Australia
24 Feb
We have never been people to spend beyond our means but we do keep an eye on our expenses.
1 person likes this
@Shavkat (105700)
• Philippines
24 Feb
It is a good thing that we don't have regular guests here, except my cousin and his family. They go here once a week. Sometimes they bring some food with them.
1 person likes this
@JudyEv (240067)
• Bunbury, Australia
24 Feb
@Shavkat Our guests stayed three nights but last night they paid for our meal in the restaurant which was very nice of them.
1 person likes this
@Shavkat (105700)
• Philippines
24 Feb
@JudyEv That's nice of them to do this. I am sure they are planning to visit you again.
1 person likes this
@moonandstars (46925)
• Zagreb, Croatia (Hrvatska)
22 Feb
it was advisable even before covid era
1 person likes this
@Shavkat (105700)
• Philippines
23 Feb
Indeed. I always do before the pandemic. At present, I just need to have some adjustments for accrued expenses.
1 person likes this
• Zagreb, Croatia (Hrvatska)
26 Feb
@Shavkat i get it and good luck.
1 person likes this
@Shavkat (105700)
• Philippines
27 Feb
@moonandstars Thank you.
1 person likes this
@CarolDM (118934)
• Nashville, Tennessee
22 Feb
We stay on a budget here.
1 person likes this
@Shavkat (105700)
• Philippines
23 Feb
I am glad that you keep the budget there.
1 person likes this
@CarolDM (118934)
• Nashville, Tennessee
23 Feb
@Shavkat Thanks!
1 person likes this
@Shavkat (105700)
• Philippines
23 Feb
@CarolDM You are welcome.
1 person likes this
@sharon6345 (267250)
• Mt. Vernon, New York
22 Feb
You just reminded me to check my auto pay. I have my bills taken out all at once.
1 person likes this
@Shavkat (105700)
• Philippines
22 Feb
Speaking of that, I had an auto-debit a few days back. I forgot it. Now, I need to adjust the scheduled date for this.
@sharon6345 (267250)
• Mt. Vernon, New York
22 Feb
@Shavkat That is what I do on the 15th of each month. When the bills come in I let them all come out tonight.
@Shavkat (105700)
• Philippines
23 Feb
@sharon6345 I also do the same thing. I just only one auto-debit in paying my insurance. The rest will be paid every before the 15th and 30th day of the month.
@louievill (27556)
• Philippines
22 Feb
Spending plan is good but I would always go for additional earning plan first
1 person likes this
@Shavkat (105700)
• Philippines
22 Feb
I am with you. Now, I am searching for online jobs that I can have extra cash.
1 person likes this
@louievill (27556)
• Philippines
22 Feb
@Shavkat earning plan will allow the fun to continue while spending plan would some how tie as up and curtail the fun, it's also a bit boring
1 person likes this
@Shavkat (105700)
• Philippines
23 Feb
@louievill That's why we need to have some part-time jobs or anything that can add up to our earnings. We cannot rely on tp our government's assistance since they do not have the budget for everyone in our country.
1 person likes this
@LowRiderX (23774)
• Serbia
22 Feb
@Shavkat Spending plan is always good, not only during this pandemic situation
1 person likes this
@Shavkat (105700)
• Philippines
22 Feb
I do agree with you. I always do this before the pandemic. Now, I need to do some adjustments.
1 person likes this
@LowRiderX (23774)
• Serbia
23 Feb
@Shavkat I am the same, I never had a problem to afford something, whatever I wanted (I'm talking about a little bigger things)
1 person likes this
@allknowing (89573)
• India
23 Feb
I get steady income through my deposits and pension and so the pandemic has not affected me.
1 person likes this
@Shavkat (105700)
• Philippines
23 Feb
I am glad that you aren't experiencing the changes in income and the like. The random changes in my company's rules are making me shake my head lately, But I can still manage it and trying to find more backups to maintain the simple lifestyle.
1 person likes this
@ARIES1973 (11182)
• Legaspi, Philippines
22 Feb
As of now, I am spending a lot because of our recent transfer and we need to buy the needed things in our new house. I want to minimize my spending and always thinking as to how I could add my current income but that would be impossible at this time. Yes, I believe that we need to plan our spendings.
1 person likes this
@Shavkat (105700)
• Philippines
23 Feb
I can relate to your situation. Early this year, we also moved to another place and are renting now. I hope that we can have our dream house after this pandemic.
@MALUSE (64503)
• Germany
22 Feb
If you have a tight budget, you should definitely have a spending plan. Write down all your regular expenses, rent, insurances, petrol for your car, food and drink you buy regularly, memberships, subscriptions, hairdresser, etc. Find out how much money remains and how much you can spend for your hobbies. You should learn not to buy things spontaneously if you aren't sure how much money is left for extra expenses.
1 person likes this
@Shavkat (105700)
• Philippines
23 Feb
During this pandemic, I need to cut down expenses and prioritize things up. It is quite tight when I continued the fixed budget before.
@kaylachan (14043)
• Daytona Beach, Florida
22 Feb
If you're talking about budgeting, everyone should do so. Knowing how much money you have and how much is left is incredibly important in my opinion. You shouldn't wait for a crisis for this.
1 person likes this
@Shavkat (105700)
• Philippines
23 Feb
I agree. We need to be organized when dealing with these things. There are times that I felt bad for those people who live beyond their means.
@macayada (1382)
• Philippines
22 Feb
Yes, it's just a matter of balancing your need vs want. If the plan for spending is for long or short term or time, you can have the proper preparation.
1 person likes this
@Shavkat (105700)
• Philippines
23 Feb
I agree. It will be easy to balance things up and prioritize things up. Unlike one of my neighbors that they keep on buying in Lazada and hide when their goods were being delivered.