Managing Your Personal Expenses

changeMaking ends meet is never an easy task, regardless of how large revenue you have. Namely, the flow of money through budget is determined by more than just how much of it you have. The way you manage your personal expenses is a huge item on this menu as well. Because of this, here are few tips and tricks that will help you deal with your liquid assets in a more satisfying manner.

Making shopping lists

When you go to the store, any store you will have the intention of buying several items. However, the more time you spend there, your list will expand more and more. So, first thing you need to do is try and be realistic about your own abilities to restrain yourself.

For starters, ask yourself one crucial question; are you an impulse byer? If the answer to this question is affirmative, there are few ways in which you can deal with this situation. Start by making a list of all the things you need (you will have to be thorough in order for this plan to work).

Once you arrive to the store, whenever you feel an impulse to buy something that is not on the list, try to walk it off. Give it a 10 minutes break and then ask yourself again: do I really, really need this item? Even though not 100% effective, this method is known to often work.

Turn to technology

Finally, there is one more way to manage your expenses, and it is to turn to technology for help once more. Namely, there is a number of expense management software that could help you deal with all your spending once and for all.


This way, you will not only be able to monitor your progress via computer or mobile device but also receive some solid tips on how to save even more money. Seeing how most of them operate on a cloud based technology, these platforms offer an automated flow of all that is happening to your accounts. Some, even possess a feature to recognize the numbers on the pictures of your bills and in this way even manage your spending in cash. Truly a remarkable idea.

Education fund

Now, for every parent, education fund for their children is a huge expense. It’s not something so impossible to deal with if one starts planning in time. Since, scholarship fee can be quite substantial, some even decide to go with homeschooling. This however has two downsides, first one being lack of interaction with peers, which can lead to some serious issues later on.

Second problem is that you will have to supply all the learning material on your own, which yet again hurts your budget. Other option is going to public school but seeing how classrooms here are usually filled to the max capacity, this might not be as ideal learning environment after all.

Finally, the most reliable, but most expensive, option would be to send your child to a private school. Even with all the best intentions this just might be out of most people’s reach, which is why some people resort to alternative methods of payment when paying school fees.

Where there is will, there is always a way and if there is one thing you cannot afford to be stingy about, it is when it comes to the future of your child.

As you can see, managing your personal expenses has never been easier to achieve. There are dozens of platforms and applications that may help you in your budget preserving efforts, as well as numerous payment gateways that offer various benefits. Still, as we could already see, a bit of good old-fashioned restraint and willpower can also make a huge difference. Where there is will, there is always a way!

Dan Radak

Dan Radak

Dan Radak is a marketing professional with eleven years of experience. He is currently working with a number of companies in the field of digital marketing, closely collaborating with a couple of e-commerce companies. He is also a coauthor on several technology websites and regular contributor to Technivorz.

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