Today we are going to see a very concrete trick to work on your spending habits. Let's analyze how your daily routine is, see what expenses you have during it and the importance of taking better care of your habits if you want to have controlled personal finances.
The exercise that we are going to see should approximately be done once every 3 months. It consists of keeping a detailed chronology of all the things you did during a normal day.
Grab a small notebook or go and note it on your smartphone. Observe the things you do throughout the day and write it down in great detail. Write down the expenses you have in each thing you do. You will be surprised to see how the money drains from the hands, in unnecessary expenses mostly.
Then look at what you have written and think of ways you can do the same but in a cheaper way. Or if you can eliminate the most costly habits, little by little, without it costing you too much.
An Example of a Harmful Habit for Your Pocket
Usually, the most pernicious habits are economically found in the morning. Let's see an example:
7:00: You wake up, you shower and you dress.
7:30: You leave for the office to work.
7:45: Paras for breakfast - 2,50 euros
8:15: Paras in a bakery to buy a bun for mid morning - 1 euro
10:30: You have the first coffee in the morning, already at work - 1 euro
If your routine is not, certainly not much difference. Especially as far as expenses are concerned. Let's pause for a moment and analyze this. These habits produce 4.5 euros each morning. Monday to Friday. This means:
22.5 euros a week
90 euros per month
1,080 euros per year
10,800 euros every 10 years
This simple morning routine, which can be avoided very easily, has cost you just over € 1,000 each year and almost € 11,000 in 10 years. Enough money to live much better. With a life of greater quality and more tranquil. You've given up on that just by eating breakfast, eating a bun and having coffee.
See how you can change those habits in a way that costs you very little:
7:00: You wake up, you shower and you dress.
7:15: Breakfast at home - 1 euro
7:45: You leave for the office to work and you take some food with you by mid-morning and a thermos of coffee or even some juices, much healthier than having coffee at all times -
1 euro
The cost has dropped by more than 50%. From 4.5 euros to 2 euros. And also improve your health. Buying what you need at the supermarket or at the store in your neighborhood, you can have breakfast at home and take enough food and drink so you do not have to spend more on your job.
Even when you do not need breakfast outside and then stop by the bakery you can free up some of the time to devote to whatever you want. Sleep more, get to work early and carry out tasks, etc.
Spend some time reviewing your usual routines. Write a detailed summary of a normal day and then look at what patterns you can find to reduce expenses. You'll be amazed at what you can save.
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