Spending Habit made easier!

A big number of people around us lament that their hard earned money were unable to outlive them by the end of every calendar month. Generally those in the salaried category wage earners finished up their monthly paycheck before the end of subsequent calendar month and this poses a trauma to them to make ends meet.To those who manages and controls their personal finances better than their less knowledgeable Samaritans, such calamities does not surface in their lives.

A normal daily spending pattern of an average people who faces shortfall of money towards the subsequent pay day should somewhat look like the chart displayed below.

It is not so difficult to find the right ingredient that can be used to overcome the financial 'tsunami' confronting us should we outlive the paycheck money by the end of the current month. Here are my suggestions that can be put into practice:

1. As soon as you receive your paycheck, commit to pay all prevailing utility bills first.
2. Then, firmly pay up your household debts (including your credit card balances).You have to be mindful that a big chunk of your household debts comprises of mortgage loan and Hire purchase re-payment.
3. Subsequently, you are left with just living cost expenditure that you can juggle up with. I strictly advise that you postpone these expenditure towards the end of the month, nearing the next paycheck date. In order to make this a success you have got to be disciplined and goal oriented. Try it and see how it works!