CURB SPENDING
To curb ego-driven spending and better manage monthly budgets and income, individuals can take 10 proactive steps: 1. Create a Budget: Start by outlining monthly expenses and income. Allocate funds for essential expenses such as rent or mortgage, utilities, groceries, and transportation. Then, designate a portion of income for savings and discretionary spending. 2. Track Expenses: Keep track of all expenses, whether big or small. This helps identify spending patterns and areas where adjustments can be made. 3. Prioritize Needs Over Wants: Distinguish between needs and wants when making purchasing decisions. Prioritize essential items and consider delaying or eliminating non-essential purchases. 4. Set Spending Limits: Establish spending limits for discretionary categories such as dining out, entertainment, and clothing. Stick to these limits to avoid overspending. 5. Avoid Impulse Purchases: Take time to consider purchases before making them. Avoid impulse buys by asking whet