How to Minimize Overspending?


We know, we know, financial planning can be overwhelming and intimidating. But when you really think about, it all boils down to what your priorities are. So what should that be? First off, your own health and wellness. Being a believer of accessible wellness, here are our tips on how you can manage your finances and avoid overspending.


Create a budget plan and stick to it.

First, determine how much you’re actually earning. This take-home pay should go towards your needs, wants, and goals. Ideally, 50% of this take-home pay should be dedicated towards the essentials. The 30% should be allotted for your wants while the remaining 20% are for your savings for the future. Keep track of how much you are spending on food, clothes, entertainment, and other non-essentials, so you’ll know how you can adjust you budget plan. There are also a lot of budget tracker apps you can download like Wally or Mint.


Switch to cash


Instead of using your credit card for all your purchases, switch to cash. That way it’s easier to keep track of how much you have been spending for the day. When all that paper is gone from your wallet, you’ll know it’s time to stop the shop.


Find cheaper alternatives

Purchasing cheaper products or services does not mean less fun! There are lots of ways you can enjoy your hard-earned cash without spending them all. What’s more? You never know what new stores and restaurants you’ll find while you’re looking for alternatives, or how it can unleash the creativity in you by doing some DIY projects.


Be on the lookout for the best deals

Aside from limiting that weekly shopping splurge to once a month, you can also seek out for the best deals. But make sure that even when you’re deal-hunting, you’re still sticking to what your priorities are. Speaking of good deals for your priorities- skincare should also be a priority, and Simply Skin has got the best deals for your best skin ever.


It’s all about knowing what your priorities are and organizing your finances in a way that that lets you continue enjoying what life has to offer. It’s more than alright to have fun along the way; making sure you’re giving your body what it needs at the present, and not just over stressing about your future retirement savings.

Thumbnail Photo Source: @tiffwang_