Sign in Join
  • News
  • Lifestyle
    • Urban Media Today Lifestyles
  • Entertainment
  • Sports
    • NEW HBCU Sports
    • Urban Media Today Sports Reports
  • Podcasts
  • UMT Exclusive
  • Scholarship
Sign in
Welcome!Log into your account
Forgot your password?
Create an account
Sign up
Welcome!Register for an account
A password will be e-mailed to you.
Password recovery
Recover your password
Search
Sunday, February 5, 2023
  • Sign in / Join
  • Contact Us
  • Privacy & Copy Policy
Sign in
Welcome! Log into your account
Forgot your password? Get help
Create an account
Create an account
Welcome! Register for an account
A password will be e-mailed to you.
Password recovery
Recover your password
A password will be e-mailed to you.
Urban Media Today
  • News
    • News

      Biden and Harris meet with Congressional Black Caucus to discuss police…

      Feature

      Inside the Controversial Sales Practices of the Nation’s Biggest Title Lender

      News

      Governor Wes Moore and Maryland’s first lady talk historic rise

      News

      A Sheriff in Louisiana Has Been Destroying Records of Deputies’ Alleged…

      News

      Urban Media Today Celebrates the Life of Rev. Dr. Martin Luther…

  • Lifestyle
    • AllUrban Media Today Lifestyles
      Lifestyle

      Beyond Borders & Boundaries: Porto, Part II: Things to Do &…

      Lifestyle

      *NEW* Cooking with Chef Addison: Scrumptious Shrimp Scampi

      Lifestyle

      Make Brunch Better with Bacon

      Lifestyle

      3 Simple Ways to Support Overpopulated Animal Shelters and Pets in…

  • Entertainment
    • Entertainment

      *NEW* The Hey Girl Hey Podcast is BACK! 2023 Hot Topics…

      Entertainment

      Pittsburgh native Antoine Fuqua to direct Michael Jackson biopic

      Entertainment

      De La Soul’s catalog premieres on streaming services in March

      Entertainment

      GIVE IT UP WITH MARGO HINTON PODCAST: TOP 10 podcasts of…

      Entertainment

      Jill Scott to celebrate ‘Who is Jill Scott’ 23rd anniversary with…

  • Sports
    • AllNEW HBCU SportsUrban Media Today Sports Reports
      NEW HBCU Sports

      Historic Pride Night at Howard University Celebrates Diversity, Inclusion

      NEW HBCU Sports

      LIONS STILL ROARING on Top of the Urban Media Today Men’s…

      NEW HBCU Sports

      NSU on Top of This Weeks URBAN MEDIA TODAY WOMENS…

      NEW HBCU Sports

      Urban Media Today HBCU Sports Weekly Round Up: Benedict, Lincoln, Fisk,…

  • Podcasts
    • Podcasts

      *NEW* Urban Media Today Talks Sports Podcast (1/28/23): Black Head Coaches…

      Entertainment

      *NEW* The Hey Girl Hey Podcast is BACK! 2023 Hot Topics…

      Podcasts

      *NEW* Urban Media Today Talks Sports Podcast (1/14/23): With Special Guest…

      Podcasts

      *NEW* Urban Media Today Talks Sports Podcast: Damar Hamlin (1/7/23)

      Entertainment

      GIVE IT UP WITH MARGO HINTON PODCAST: TOP 10 podcasts of…

  • UMT Exclusive
    • Lifestyle

      Beyond Borders & Boundaries: Porto, Part II: Things to Do &…

      Black History Month 2023

      Celebrating the Legacy of Historically Black Colleges and Universities (SLIDESHOW)

      Lifestyle

      *NEW* Cooking with Chef Addison: Scrumptious Shrimp Scampi

      Podcasts

      *NEW* Urban Media Today Talks Sports Podcast (1/28/23): Black Head Coaches…

      Lifestyle

      *NEW* Cooking with Chef Addison: Sirloin Steak Sandwich

  • Scholarship
Home Lifestyle Urban Media Today Lifestyles 4 Simple Rules to Prevent Over Spending
  • Lifestyle
  • Urban Media Today Lifestyles

4 Simple Rules to Prevent Over Spending

By
Aleigha Johnson
-
January 19, 2021
0
410
Facebook
Twitter
Pinterest
WhatsApp
    Tweet

    Spending beyond your means can quickly blow your paycheck. You know how it goes – you only planned to buy what’s absolutely necessary, but by the end of the month you’ve spent way more than you should have. Follow these four simple rules to curb your overspending habit.

    1. Keep Track of Every Expense

    Even little expenses can add up to a lot of money over the course of a month, so keep track of every single expense, even if it’s only a few dollars. Include items that you pay for by cash, debit, or credit – don’t leave anything out. Create a detailed, itemized list so you can see exactly where your money is going.

    1. Don’t Treat Credit Like Money

    If you have the tendency to rack up a ton of purchases on your credit card every month – stop! Credit isn’t money. Items you put on a credit card can cost you so much more than you thought they would, causing you to spend way beyond your means. With an average annual interest rate of 16 percent, those interest charges can quickly pile up. Pay in full whenever possible.

    1. Set Spending Priorities

    Always spend on your essentials first – rent or mortgage, food, clothing, utilities, travel, medical, personal care, and so on. Near the end of the month, only after these things have been paid for, should you consider spending on any extras. This will keep you from spending most of your paycheck before you have what you really need, helping you to avoid needless financial stress.

    1. Save Something Every Month

    Set a goal to save something every month, even if it’s just $20. A great way to do this is to arrange automatic deposits into a savings account via your bank or employer. Once the money is deposited, let it sit and accumulate. And, if you have some bonus money, put that in your savings account too. You’d be amazed at how much extra money you can save up in a few years. You can use this as a nest egg, so you’ll have something to fall back on if needed.

    Checking your bank account shouldn’t make you feel like you’re drowning. Stick to these spending rules, and you’ll be surprised how much more money you can have in the bank.

    Story Credit: [email protected]

    Photo Credit: Matthew Reyes/Unsplash

    • TAGS
    • bank account
    • bills
    • credit
    • credit card
    • credit score
    • expenses
    • finance tips
    • finances
    • savings
    Facebook
    Twitter
    Pinterest
    WhatsApp
      Previous article45% of adults over 65 lack online medical accounts that could help them sign up for COVID-19 vaccinations
      Next articlePitt Dunks Duke 79-73
      Aleigha Johnson
      https://urbanmediatoday.com

      RELATED ARTICLESMORE FROM AUTHOR

      Urban Media Today Lifestyles

      She Says Doctors Ignored Her Concerns About Her Pregnancy. For Many Black Women, It’s a Familiar Story.

      NEW! Back To School

      For some Black families in Pittsburgh, finding the right school means choosing between diversity and academic rigor

      Sports

      Urban Media Today Black College Football Top 20 Rankings 10/24/22 

      Urban Media Today Lifestyles

      Pittsburgh Playwrights Theatre Company enters its 20th year: “It’s a great time in Pittsburgh for the arts” yet, still “the struggle continues” for Black...

      Urban Media Today Lifestyles

      Michelle Obama announces six-city tour for ‘The Light We Carry’

      Urban Media Today Lifestyles

      Happy New Year from Urban Media Today!

      Follow us

      22,042FansLike
      3,699FollowersFollow
      4,014SubscribersSubscribe

      Latest news

      Biden and Harris meet with Congressional Black Caucus to discuss police...

      February 3, 2023

      Historic Pride Night at Howard University Celebrates Diversity, Inclusion

      February 3, 2023

      Beyond Borders & Boundaries: Porto, Part II: Things to Do &...

      February 2, 2023

      Celebrating the Legacy of Historically Black Colleges and Universities (SLIDESHOW)

      February 1, 2023

      *NEW* Cooking with Chef Addison: Scrumptious Shrimp Scampi

      January 31, 2023

      *NEW* Urban Media Today Talks Sports Podcast (1/28/23): Black Head Coaches...

      January 30, 2023

      LIONS STILL ROARING on Top of the Urban Media Today Men’s...

      January 30, 2023
      Urbanmediatoday.com is your favorite way to keep informed and up to date on unique news and lifestyle stories.
      Contact us: [email protected]
      © Urban Media Today.
      MORE STORIES

      Biden and Harris meet with Congressional Black Caucus to discuss police...

      February 3, 2023

      Historic Pride Night at Howard University Celebrates Diversity, Inclusion

      February 3, 2023

      Beyond Borders & Boundaries: Porto, Part II: Things to Do &...

      February 2, 2023
      Go to mobile version

      https://urbanmediatoday.com/wp-content/uploads/2023/02/Walter-Payton3.mp4