Temptation to spend - Deepstash

Temptation to spend

It is tempting to spend more when your income rises. But savings rely on the ability to receive an extra dollar and say: "I can spend this money, but I'm not going to."

321

469 reads

CURATED FROM

IDEAS CURATED BY

trinity_

"My adversary is the world of finance." ~ Francois Hollande

The idea is part of this collection:

How To Be Effortlessly Charismatic

Learn more about moneyandinvestments with this collection

How to build confidence

How to connect with people on a deeper level

How to create a positive first impression

Related collections

Similar ideas to Temptation to spend

8. Income - Saving = Expenses

8. Income - Saving = Expenses

Reality is our equation is always 'Income - Expenses = Savings' But we should priorities our savings and then we can spend freely on our expenses without any regret.

This mindset will eventually help you to have control over your spending and you will spend your money on things which you r...

The "zero-sum budget"

An emergency savings fund buffer is vital for freelancers. It will help you to keep your head above water when your income fluctuates.

A zero-sum budget means living off last month's income alone. This can be done in the following way:

  • Start

Spend time tracking your money

Spend time tracking your money

Most people react to their finances. The problem with that is that you rely on chance to have enough money in the bank when you actually need it. Be intentional about your money and spend time reviewing and evaluating it. If you don't, you'll never know if you're moving in the right direct...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates