Manage Your Expenses
I am proud to say that I have not really splurged into shopping for the past few years. Not because I don't have a budget for that but because I don't really feel that there is a need to. I only shop for groceries and foods but not for clothes, shoes, bags...etc. I have nothing against those people who love to shop, if that what makes them happy, so be it. I just feel that I have lost my interest to shop for things when I've realized that I still have a lot of stuff in my closet and that now a days I seldom go out anyway, so there's really no need for me to acquire more things. Besides I have other important projects that are long overdue and need a budget so I might as well build funds for that rather than spending for things which are really unnecessary.
Sometimes, we suddenly have that impulse to buy when we see something new from our friends. Does your friend buy a new bag? Chances are you would probably be buying one, too. This is exactly how we got that habit of buying things. We tend to copy what we see from other people and feel that we are of lesser value if we don't have what they have. Funny, isn't it? But that is exactly how it is. Well not everybody are like that, but for those who cannot control and discipline themselves when it comes to buying unnecessary things, I think it is time for you to start with a journal and track all your expenses. When you maintain a list of where your money goes, you will begin to be more cautious of your spending. You will have a clear idea of where you tend to spend more and this way, you can control and manage your spending habits.
On a final note, I think it is very important that you know your priorities and what your goals are. This way, you will always have a reason to save and will be able to get that motivation to work on achieving your goals.