How You Can Control Small Expenses

One thing many of us forget is that a lot of small expenses tend to be greater than that of a few large expenses. In this essay, I will give you a good tip on how to control small expenses. The first thing you have to do is set priorities, with out it, cutting down on small expenses will be more difficult. In other words, rank your list of small expenses from most to least in importance. Once this is done allocate a small amount of money for buying the items or services on the list. After you have finished allocating money you have to allot a portion of the allocated money to each of the items and services on the list. Remember you can only use the allocated money, no borrowing, so decide wisely. Here is an example, I will allocate $10/week for small expenses. The list of small expenses include snacks, music, games, and movies. I now will allot money to each item on the list, snacks $2/week, music $2/week games $3/week, and movies $3/week. Notice that if you add all the money up, you get $10. Also you don’t have to buy everything every week, one week your priorities might be different, you may not want to buy any music so the money you use for music can be redistributed to the other items on the list. Prioritizing and allocating are good ways to control small expenses.


One response to “How You Can Control Small Expenses

  1. Good post!

    I do little tricks to help control my spending in this area too…

    I try to avoid carrying $1 bills to reduce vending machine temptation; I always pay for gas at the pump instead of going into the C-store; I never buy apps on my iPod or tablet and so on.

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