Spending Plan Is Needed

@Shavkat (137177)

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

14 people like this

12 responses

@moshishibie (252)

• China

23 Feb 21

During the epidemic period, I reduced my consumption, reduced my expenditure as much as possible, and did not buy unnecessary goods.

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@Shavkat (137177)

• Philippines

23 Feb 21

That's a good thing to practice especially now. It needs to lower down the unnecessary things to spend on.

@Shavkat (137177)

• Philippines

23 Feb 21

@moshishibie It is indeed that this pandemic is affecting us. How's the situation in China now?

@moshishibie (252)

• China

23 Feb 21

@Shavkat The epidemic has a great impact on people's lives!

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@DaddyEvil (137145)

• United States

22 Feb 21

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.

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@Shavkat (137177)

• Philippines

23 Feb 21

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.

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@Shavkat (137177)

• Philippines

23 Feb 21

@DaddyEvil We always describe them as wasting their blessings.

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@DaddyEvil (137145)

• United States

23 Feb 21

@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.

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@louievill (28851)

• Philippines

22 Feb 21

Spending plan is good but I would always go for additional earning plan first

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@louievill (28851)

• Philippines

22 Feb 21

@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

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@Shavkat (137177)

• Philippines

22 Feb 21

I am with you. Now, I am searching for online jobs that I can have extra cash.

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@Shavkat (137177)

• Philippines

23 Feb 21

@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.

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@rebelann (111072)

• El Paso, Texas

22 Feb 21

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.

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@rebelann (111072)

• El Paso, Texas

23 Feb 21

The unexpected is what I am unable to plan for @Shavkat I never know what the unexpected will be.

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@Shavkat (137177)

• Philippines

23 Feb 21

@rebelann The same thing here. But I am trying to think more than before.

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@Shavkat (137177)

• Philippines

23 Feb 21

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.

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@JudyEv (325246)

• Rockingham, Australia

24 Feb 21

We have never been people to spend beyond our means but we do keep an eye on our expenses.

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@Shavkat (137177)

• Philippines

24 Feb 21

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.

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@Shavkat (137177)

• Philippines

24 Feb 21

@JudyEv That's nice of them to do this. I am sure they are planning to visit you again.

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@JudyEv (325246)

• Rockingham, Australia

24 Feb 21

@Shavkat Our guests stayed three nights but last night they paid for our meal in the restaurant which was very nice of them.

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@CarolDM (203454)

• Nashville, Tennessee

22 Feb 21

We stay on a budget here.

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@Shavkat (137177)

• Philippines

23 Feb 21

I am glad that you keep the budget there.

1 person likes this

@CarolDM (203454)

• Nashville, Tennessee

23 Feb 21

@Shavkat Thanks!

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@Shavkat (137177)

• Philippines

23 Feb 21

@CarolDM You are welcome.

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@allknowing (130067)

• India

23 Feb 21

I get steady income through my deposits and pension and so the pandemic has not affected me.

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@Shavkat (137177)

• Philippines

23 Feb 21

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.

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@kaylachan (57318)

• Daytona Beach, Florida

22 Feb 21

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.

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@Shavkat (137177)

• Philippines

23 Feb 21

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.

@ARIES1973 (11426)

• Legaspi, Philippines

22 Feb 21

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.

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@Shavkat (137177)

• Philippines

23 Feb 21

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 (69416)

• Germany

22 Feb 21

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.

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@Shavkat (137177)

• Philippines

23 Feb 21

During this pandemic, I need to cut down expenses and prioritize things up. It is quite tight when I continued the fixed budget before.

@LowRiderX (22907)

• Serbia

22 Feb 21

@Shavkat Spending plan is always good, not only during this pandemic situation

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@Shavkat (137177)

• Philippines

22 Feb 21

I do agree with you. I always do this before the pandemic. Now, I need to do some adjustments.

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@LowRiderX (22907)

• Serbia

23 Feb 21

@Shavkat I am the same, I never had a problem to afford something, whatever I wanted (I'm talking about a little bigger things)

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Ma. Lourdes Macaya

@macayada (1497)

• Cavite City, Philippines

22 Feb 21

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.

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@Shavkat (137177)

• Philippines

23 Feb 21

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.