Spending Plan Is Needed
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
• United States
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.
• United States
@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.
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.
• Legaspi, Philippines
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.
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.