Does everyone waste money?

Wasting money crossword puzzle

Wasting money is usually associated with excessive, repetitive and totally unnecessary spending. The problem lies when our money is exhausted with the so-called ant-spending, almost unnoticed to the naked eye. Here are some key tips to avoid wasting our money.

Impulse purchases are those that we execute spontaneously without premeditation. That is, we let ourselves be seduced by an attractive offer, a higher quality product or even by a good commercial strategy. For this reason, if we are aware that we are falling into a trap, we will control our impulses much better.

Most credit cards allow deferred payment, albeit at high interest rates. In general, if we decide to defer all purchases by default, we will end up paying more interest and our current account will be affected. For this reason, it is important to use credit cards only when strictly necessary.

People who waste money

Sometimes, one of the two takes over the administration because he or she is more skilled. This is fine, as long as you both agree and have knowledge and access to the accounts. If you don’t know what your total household income is and what it’s being spent on, your relationship is in trouble. If your partner could close your accounts and kick you out of your home overnight, you need to reconsider your situation. In my case, the house and investment account are in both of our names, and at the bank we have a joint account and we each have our own account. This does not mean that our finances are separate: we actually share expenses and savings. But if we were to separate, it would be impossible for one to play a trick on the other. In a couple, you have to hope for the best, and prepare for the worst.

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It is not healthy when one partner makes you feel guilty for working, or manipulates you into not working or having your own income. Remember that financial independence in a couple is a way to diversify income, reduce risk, and improve the family situation. Heterosexual women are more vulnerable to this type of manipulation, so we should learn lessons from lesbians.

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Wasting money is usually associated with excessive, repetitive and totally unnecessary expenses. The problem resides when our money is exhausted with the so-called ant expenses, almost unnoticed to the naked eye. Here are some key tips to avoid wasting our money.

Impulse purchases are those that we execute spontaneously without premeditation. In other words, we let ourselves be seduced by an attractive offer, a higher quality product or even by a good commercial strategy. For this reason, if we are aware that we are falling into a trap, we will control our impulses much better.

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Most credit cards allow deferred payment, albeit at high interest rates. In general, if we decide to defer all purchases by default, we will end up paying more interest and our current account will be affected. For this reason, it is important to use credit cards only when strictly necessary.

Wasting money synonyms

To start saving, it is vital to have a goal. It will help you keep your priorities straight… because you won’t always feel like saving. You can start by saving your extra paychecks and downloading an app to help you in the process.

The first step to saving is to have a goal. Maybe your bar is not at 10,000 euros, it may be above or below. You may also want to save, but you haven’t stopped to think about a goal, you just want to have more.

And the other way around, if you are traditional, of course you can save 10,000 euros: coins in the jar. When it’s full, you take it to the bank and you kill two birds with one stone (actually, three): they tell you, you save and your wallet doesn’t get deformed!

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To achieve change you have to do things differently. And the first step is to remove all those mental barriers because, you know, everyone can do it. If it’s important to you, you’ll find your way.

Maybe these exercises will also help you realize that yes, it is possible to survive with less money. It’s true that we don’t all handle medium and long terms well, we want to order tap water at a meal and see our income multiply instantly. But calm down, bull: the race has just begun.