EFFECTS OF UNNECESSARY EXPENSES
Hello Friends,
My this blog will tell you about How unnecessary expenses effects your life? It is very difficult for us to change our habits of spending on unnecessary things.
A famous quote is:
"If you buy things you do not need, soon you will have to sell things you need."
Warren Buffet
Just take some examples:
- When we go to the market and make a list of 10 items to buy but when we start purchasing we buy 5 extra items from which 3 items are not required to buy these items are unnecessary items.
- When we go to market to buy a thing within a budget of Rs. 50000 but we enter into the showroom we buy a related item which costs Rs. 60000 which will effect our budget and Rs. 10000 is extra spending.
- Sometimes we go to the market and we can't find that particular items which we want to buy. So we start purchasing the items we don't need that now and it is an unnecessary expenses.
- Sometimes we go to purchase expensive or extra items which enhance our personality and reputation in the society. It is also a bad habits.
- Sometimes we start buying items which are beyond our capacity it will effect our budget.
- and Many more examples...............................
So if continue with the above habits for fulfilling our unnecessary desires and needs it will badly effect our budget and we will also start doing the following things:
- We will start taking loans to fulfill our unnecessary desires which will badly effects our long term goals.
- We will start buying necessary things on credit which will badly effects our budget.
- If any emergency will occur in future so we start spending our past savings or costly things to overcome from this emergency situation.
- It also makes us greedy.
- It also makes us poor for future.
- It also makes us habitual to live that fake life and it will also ruin our future.
- It may be possible that someone will start to do some illegal work also to earn extra income.
I hope it will helpful to you.
Thanks and Regards
Kulvinder Kaur
B.Com(H), MBA(Finance)
9871580806, 8826566751
rightsteptoinvest@gmail.com
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