Help Yourself!! Top 5 signs you spend too much and You Can't Save (Read More)!!

Its no doubt that life is sweet and fun especially when you have money to spend and you can afford anything you want and at any time. It’s tempting to splurge and keep living large, but a a reasonable human should be able to save for rainy days and invest some funds.  You don’t have to b e flat broke to know if  you are spending too much money.

The question now is how to  know if you’re spending too much money. Here are some signs that you are spending too much

(1)  When you don’t know how much is left in your Bank account: You won’t know how much is left in your account balance if you are always spending money on something . You might also be living in denial about how much you really have.

(2) You are always giving yourself a treat: It is good to take care of your self,  Selfcare is very important and it is the best but when you do this everyday, it is a clear sign that you are becoming too lavish and extravagant.

(3) You buy things you don’t need : Immediately you notice that your home is filled with stuffs that you do not really need, it is a clear sign that you need to stop over spending.

(4)  When you do not have savings: You do not have any emergency funds or savings, and if it wasn’t because your employer automated payments into your pension funds, you wouldn’t have anything to save towards when you retire.

(5) You don’t know how much you spend every month: If you can not track where your money goes at the end of the month, that means you are going overboard with spending.

Cultivating the habit of savings is a very important one; this habit can help you in many aspects of life.A good saver can save out funds for business; a good saver is debt free; a good saver has already made a right and bold step to financial freedom and a good saver can reach certain goals that can’t be ordinarily attained with the limited revenues he gets.

Having a budget would be a huge guide for you on what you ought to spend your money on and what you shouldn’t. With a budget, you would know your needs and wants and have a clear picture of how to cut down on spending on your wants.

Wanting to satisfy your wants would make you unable to save. A budget would help you plan better, save better and cut down unnecessary expenses.

With these signs, do you think you’re spending too much?

Please share your thoughts in the comment section below