SmartPreneur
Advertisement
  • Home
  • Trending News
  • Brand Insights
  • Profiles
  • Hustle Life
  • Weekend Teaser
  • Radio
  • TV
  • Games & Quizzes
No Result
View All Result
  • Home
  • Trending News
  • Brand Insights
  • Profiles
  • Hustle Life
  • Weekend Teaser
  • Radio
  • TV
  • Games & Quizzes
No Result
View All Result
SmartPreneur
No Result
View All Result
Home Lifestyle

6 Signs You’re Overspending And How To Stop

Blessing Osazuwa by Blessing Osazuwa
February 4, 2022
in Lifestyle
0
6 Signs You’re Overspending And How To Stop
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

You’d agree that it’s so easy to lose track of how much you’re spending. And going overboard on your spending, could hurt your finances.

Join our communityJoin our communityJoin our community

Once your finances arent in shape, it prevents you from meeting your goals. It’s important to take control of your spending but the following are signs that you are overspending:

Buying what you don’t need

Purchasing things that dont add value to your life is like throwing your money into a trash can. Sometimes you don’t even remember that you bought these items. If you’re engaging in this, it means you are overspending or spending unnecessarily for things that don’t matter.

No budget

If you have no budget, you’re likely to overspend. Make it a habit of spending on meaningful purchases that you made plans for. Be intentional about your finances. There are several apps that can help you manage your money and plan your budget for bills and savings. This way, you know that anything outside your budget is not important.

No savings

If you cannot save even with a steady source of income, then it is a sign that you are overspending. Savings should be provided for in your monthly budget.

You can’t explain how money disappears from your account 

This is a serious sign that you’re overspending.  You don’t know where your money went. You just know that your account balance is not “smiling”. If you experience this all the time, you might need to go back to your drawing board to figure out how to reduce unnecessary expenses.

You can’t pay your bills 

If your bills are piling up or you’re often late paying your bills, you might want to check your spending habit.

Far from achieving your financial goals

You might be looking at furthering your education, getting new business equipment, buying a house, a car, etc. If you find that you’re having a tough time trying to actualise your dreams, then you might be overspending.

Here’s how to avoid overspending

First things first, put yourself on a budget and prioritize. Avoid double buying (You don’t need the same bags in different colours, at least not for now).

Watch what you spend on. If it’s not going to take you a step closer to achieving your goals in life, then drop it.

Also learn to save more.

Tags: Bad spending habitsBudgeting tipsFinancial goalsMoney tips
Previous Post

Lagos State To Clamp Down On Fraudulent Activities In Real Estate Sector

Next Post

Transforming Nigerian Youths program 2022

Blessing Osazuwa

Blessing Osazuwa

Blessing does the research to bring you needed information for success.

Related Posts

Entrepreneurship: When and when not to be a micromanager
Hustle life

Entrepreneurship: When and when not to be a micromanager

by Ruth Okwumbu-Imafidon
March 6, 2023
0

The term “micromanaging” is often used in the most unsavory manner. It mostly tries to depict a management style where...

Read more
Identifying Entrepreneurial Potential in Children: Key Traits and Skills to Look For
Lifestyle

Identifying Entrepreneurial Potential in Children: Key Traits and Skills to Look For

by Blessing Osazuwa
February 1, 2023
0

As a parent, it's important to know if your child has the potential for entrepreneurship. Identifying the key traits and...

Read more
Bimbo Alase-Arawole: How she changed her entrepreneurship story with one big RISK
Profiles

Bimbo Alase-Arawole: How she changed her entrepreneurship story with one big RISK

by Ruth Okwumbu-Imafidon
January 6, 2023
0

Bimbo Alase-Arawole can easily be rated one of the top female entrepreneurs in Nigeria, without fear of contradiction.  She is...

Read more
successful entrepreneurs
Hustle life

7 student-founded Startups that have grown into big companies

by Ruth Okwumbu-Imafidon
October 17, 2022
0

There is this thought line that suggests that for one to build a successful business, it requires access to huge...

Read more
Customer service week
Grow

What are you doing for customer service week?

by Ruth Okwumbu-Imafidon
October 5, 2022
0

It’s customer service week, yeah! What have you got planned out? Historically, Customer service week happens in the first full...

Read more
how to start a perfume sale business
Start

HOW TO START A PERFUME SALE BUSINESS

by Contributor
August 26, 2022
1

Looking good is amiable, but accompanying it with a nice scent is reputable. Helping people discover their signature scent and...

Read more
From Fashion to Oil business – How Folorunsho Alakija became Nigeria’s richest woman
Profiles

From Fashion to Oil business – How Folorunsho Alakija became Nigeria’s richest woman

by Ruth Okwumbu-Imafidon
July 15, 2022
0

The Forbes 2020 list of Africa's billionaires places Folorunsho Alakija as the 20th richest person in Africa. She is also...

Read more
Load More
Next Post
Transforming Nigerian Youths program 2022

Transforming Nigerian Youths program 2022

Please login to join discussion

Recent News

Win Free Product Shoot In the #CaptureMyBusiness Challenge

Win Free Product Shoot In the #CaptureMyBusiness Challenge

March 24, 2023
Register now: Smartpreneur Webinar & Panel Discussion comes up on March 31

Register now: Smartpreneur Webinar & Panel Discussion comes up on March 31

March 24, 2023
Mailchimp users will now pay 7.5% more as VAT from April 20, 2023.

Mailchimp users will now pay 7.5% more as VAT from April 20, 2023.

March 22, 2023
The Power of High-Quality Product Photos for Boosting Your Ecommerce Site's Success

High-Quality Photos: The power of visuals in Boosting Your Ecommerce Business

March 22, 2023
SmartPreneur

© 2020 SmartPreneur

Navigate Site

  • Home
  • Trending News
  • Radio
  • Games & Quizzes
  • TV

Follow Us

No Result
View All Result
  • Home
  • Trending News
  • Radio
  • TV
  • Hustle Life
  • Brand Insights
  • Profiles
  • Game & Quizzes
  • Weekend Teaser

© 2020 SmartPreneur