In the last post we discussed about how to deal with the “Vital Few” expenses that are unavoidable. In this post we will discuss the “Trivial Many” expenses that are avoidable.
Expenses due to Eating out too often, buying latest Electronic gadgets often, purchasing items that were not on the shopping list fall into this category. The best antidote is to follow the principle of being Frugal. Being resistant to Impulsive buying is the key to this.Resist the urge to splurge. Count to ten before making a buying decision. Think Twice if you want to do a Card Swipe.
Start cutting down on the expenses on the trivial many and divert the money instead into Investment or Debt Servicing
Expenses due to Eating out too often, buying latest Electronic gadgets often, purchasing items that were not on the shopping list fall into this category. The best antidote is to follow the principle of being Frugal. Being resistant to Impulsive buying is the key to this.Resist the urge to splurge. Count to ten before making a buying decision. Think Twice if you want to do a Card Swipe.
Start cutting down on the expenses on the trivial many and divert the money instead into Investment or Debt Servicing
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