What are your small expenses that have a big impact on your financial condition?

[Suba]

Wealth is not only related to income but also very closely related to small spending habits that we never realize. The small expenses that we spend every day will be much larger than our monthly expenses, we often do small expenses such as buying snacks through food drivers, always eating out, the habit of hanging out at cafes, smoking, fiat and crypto money transfer fees, etc.

Many financial advisors suggest that it would be good if small expenses were used as a source of funds for emergency fund savings, pension funds, buying insurance, etc. So do you have small expenses that will have a big impact on your financial condition?

 

[Springtime]

As I want to maintain a balance of life enjoyment and saving money, I occasionally travel, dine out, buying snacks. But the top priority is to buy the necessities and pay the bills.

 

[Stardom22]

I actually like buying especially when l am traveling to and from the town where l purchase the business products for that matter.

 

[magnus2022]

Transportation is number one expenditure that is wreaking havoc in financial plan. Since last year, Nigeria government removed subsidy in petroleum products and the price of fuel tripled. Now, i spend close to 600 naira everyday from my house to my working place.

 

[Augusta]

it is fokd and food again for me
The truth is that we can't do without eating so we spend a lot daily to feed

 

[eLdavis]

For me one of the major thing causing issue for me in terms of my expenses is data. I am a heavy data users, due to my line of work and also for personal use.

 

[Starmix]

Small expenses may lead to big expenses once they accumulate as per calculation of your mind. It's essential to balance your small expenditures with your savings, so there's something to use when the time comes you're ready to invest in business.

 

[Augusta]

Snacks also impact my pocket. I realised that I spend a whole lot on snacks and it goes beyond even money I spend on food