Ask yourself this simple question to avoid overspending: Amount, Benefit, Time I want to spend £x … Because I’ll benefit … This way, over this amount of time.

It’s a simple question to solve a difficult situation, overspending or frivolous spending is a killer for anyone or any family.

We had a situation recently where s lot if money was haemorrhaged during half term, on nothing. We had this stupid idea to treat the kids and funfairs and films and toys eat a huge amount of cash.

So now we plan to ask a question when ever spending occurs.

We want to go to the funfair and spend £190 (amount) because the kids will have fun (benefit) for a couple of hours (time).

By saying that out loud it gives you an opportunity to really hear what you are spending your cash on.

We need to find d a way to stop being bullied by the kids into spending stupid amounts on tat.

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3 thoughts on “Ask yourself this simple question to avoid overspending: Amount, Benefit, Time I want to spend £x … Because I’ll benefit … This way, over this amount of time.

  1. It’s not just over spending on the children. I really don’t know how we’re ever going to learn to manage money, every one here constantly guilt trips each other and we spend so badly, its like feast or famine

    • Lol…..oh my dear…living beyond our means is something that most don’t know how to control. Spending must feed something in us, brings some satisfaction that we can’t stay away. I saw something on TV that a lot of people receive the same kind of satisfaction from spending as they do from sex. How about that? 🙂

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