We take aim at overspending in this military personal finance roundup. Spending beyond your means is a surefire way to ruin your budget, fall into debt, hurt your credit score and ultimately affect your finances in the long term. Temptations to overspend are omnipresent, so it’s not solely the fault of consumers to overspend.
The best thing to do is be disciplined and live within or below your means. It’s certainly easier said than done, but these blog posts are full of tips that can help you avoid overspending and save money.
- To get started, look at these three easy ways to avoid overspending.
- Can budgeting backfire? One blogger discusses the possibility that making a budget promotes overspending.
- One blogger asks if overspending is worth it to help his son fit in. Buying name brand versus off brand products sounds like it gets tricky when your child doesn’t want to be teased for having a lesser known yet non-differentiated product.
- On a related note, are parents overspending on child safety? It seems like an obvious “No!” but a closer look suggests that maybe new products are being marketed for child safety when there is no real threat to their safety in the first place.
- Should you comment on friends’ overspending? Would it be rude? How would you approach that situation?
- Another blogger reveals his secret to avoid grocery overspending.
- Why not give yourself an allowance to curb your spending?
- At the same time, you could track your spending to see where your money is going. You might be surprised how much you spend on unnecessary goods.