How to Keep Your Expenses Under Control

[Nomad]

You might be earning well, but if your expenses are not under control, you will have difficulty in maintaining financial stability. To stay financially fit, keep expenses below 50 percent of your income. While that may seem tough, especially when your income is low, but not difficult if you downgrade your lifestyle. Are your monthly expenses under 50 percent of your income

 

[Springtime]

To maintain financial stability, it is essential to put expenses under control. I think I spend about 60% of my earnings. For the remaining money, I save or invest.

 

[Kross]

To put your expenses under control, you might need to stop walking with people that are very extravagant because they can influence you too.

 

[Fire&Rain]

Great advise. Very hard to maintain especially if your earnings are low. These days prices have hiked and living expenses have become hard to maintain.

 

[Suba]

One way to control your expenses is to apply a budget as a control tool. Be disciplined, and reduce luxury needs. If you try to reduce expenses to below 50% then you can save at least 50% of your income. Maybe this can be applied when we are still single, but if you are married, the needs will increase, especially if the child goes to school abroad.

 

[Augusta]

it is to make sure you're not spending too much on things you don't need – and also ensure that some income is set aside as savings.