Cut smart spending to still live comfortably
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Loading... - Akira Tanaka
- 04 Jul 2022
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Cutting wasteful or unnecessary expenses helps young consumers save, limit overspending, especially in a period of constant income, living expenses are on the rise and there is no sign of slowing down. again.
Cancel online entertainment service packages
With regular entertainment needs, young people often subscribe to popular online service packages to watch movies and TV online.
However, many people who follow the movement and the time actually use these services at a meager level, not as much as they imagine when pressing the subscribe button. Meanwhile, the system still automatically deducts the user's money every month.
The average cost for online services usually ranges from a few tens to several hundred thousand, depending on the package chosen by the user. Multiplying with each month, the number to pay is significant.
To avoid this unnecessary waste, users should press the unsubscribe button soon if they find they have no need to renew or do not currently have much time to use. Most online entertainment services do not charge cancellation fees and you can re-register your account whenever you want.
However, please read carefully and follow the instructions of each platform carefully, to avoid just logging out of your account or deleting the application, which means you will still be charged as usual.
Credit card lock
With the function to support users to make payments even though there is no money in their accounts, credit cards can be like a double-edged sword in spending.
Prepaid postpaid inadvertently encourages young people to spend beyond their means with the thought of only losing a little money.
When you pay your debt in full and on time, you will not be charged penalties or interest. While it is possible to choose to pay the minimum payment, it is very easy to drag you into a debt trap. Unpaid balances will be charged interest and pile up over time.
Plus, late credit card payments lower your credit score. In a time of price increases, locking the card to both avoid wasteful spending and debt is a must for those who are addicted to shopping.
Limit payments with e-wallets
Payment via e-wallets is increasingly popular because of its convenience and comes with many preferential policies for discounts and refunds.
However, because there is no need to manually pay cash like traditional, many people fall into the situation of "down the money" in an easy way and more difficult to control when using e-wallets. The less cash they use, the harder it is for consumers to keep track of how much they're spending.
Some e-wallets also have a postpaid wallet feature, similar to a credit card, making the shopping experience even more comfortable, limiting the feeling of loss when you have to spend money immediately.
To fix it, you should limit the payment amount per month or per day in the e-wallet or bank account associated with the wallet. This action helps minimize the case that you overspend without realizing it. Read More…
