It happens with most of us, including me, we have no idea where we spend so much money every month. Usually at the end of the month, we realise that we have spent a lot of money or usually when we check the bank account statements. We are mostly not able to recall the expenses, specially the little daily expenses. Usually we over spend during shopping or by talking/messaging from your cell phones and ofcourse partying/eating outside.

Even if you realise one day that how much you have spent that very day, it won’t catch your attention much because one day expenses aren’t big enough. But it is actually when you do it daily. At the end of month the extra daily expenses are multiplied with 30. Suppose you spent around 50 bucks a day extra which isn’t really required, it accounts for 1500 bucks in a month which looks bigger owing to the fact that this is a surplus expense. Often when I tried to talk about this, my friends would say that I am very picky when it comes to spending money. But then atleast I don’t say things like “Oh damn, I don’t know how all my money vanished, My account balance is zero, now I will have to eat less or talk less in phone and cut my expenses till my dad sends the money”. Most of my friends do that. One of my good friends sometimes take some money from me which he returns later though because he spent all of his and cannot ask his dad for money until the end of month. He doesn’t know where he spent all his money and says “Life has become costly these days”. Majority of my friends’ bank balance goes empty in eating outside, partying and by paying cell phone bills. I am happy that money isn’t a big problem for me because my income is much much higher than my expenses. Even then I try and spend far less than I should actually. I will discuss the “Saving Money” part in my next article.

I am sure that this happens with you also. Didn’t realise that you actually spent so much this month? Well, the best option for you then is to keep track of your every expense, or daily expenses atleast if you cannot recall where you spent this much. I have started keeping record of my expenses since the first of this month. This is going to help me realise where exactly I am spending and how much. The key factor here is the comparison of expenses every week/month. By keeping track of my expenses, I will definitely be able to cut down my expenses. It is when you know where you waste cash, you will improve and waste less there next time. Eventually you will start spending less. Even if your expenses don’t go down much, you will be satisfied atleast. Many times we feel unhappy and stupid when we don’t know where we spent so much money. Atleast this factor will not disturb us anymore. So make a notebook/diary right now and start writing down your expenses. Let us make a revolution from today itself. Let us see if we can cut down our expenses and save more money.