Imagining a week or months where you do not have to spend a penny over an unessential product may horrify you, right? It is the cause; many people fail to develop the habit of saving money and do not able to control your bad spending habits.
If you have a will and want to gain control over your expenses that are not necessary for surviving, then the Contentment challenge is for you. It is a unique concept and an excellent way that not only brings changes to save money but alters the way you think.
Let’s understand more about this challenge.
What Is the Contentment Challenge?
Do you know the reasons, what makes the people drives to purchase the things that they do not need? It is nothing, but to find happiness in them, BUT you might get shocked to know that it gives you temporary pleasure.
It is the worst thing that can lead you to make the wrong decision. But, if the something that seems essential for you, and will offer the long term benefit, then you can buy them even take the borrowing assistance options, like unsecured personal loans bad credit, but if it does not add value to life, then it is not a good choice.
Similarly, people should find happiness in what they have, and this CONTENTMENT CHALLENGE teaches you. The word contentment means happy and satisfies with what you have.
Now, how you will pursue it.
Steps To Direct the Contentment Challenge
If we talk about the easiest way to control the spending habits, then this method can rule on the top of the page. It is because of two reasons:
- Easy steps to follow
- Do not require a single penny.
For these two reasons, it is the most favorable method, now look at the steps.
Step #1: Gather All The Necessary Purchasing
Without knowing what your spending is, you could not be able to gain control. The best way to perform this is to make a list where you include all the necessary and unnecessary costs. It will help you cut down the unnecessary one from the vital product that requires living life.
It could be anything from subscription, to eating out, and many more. It depends on you, because it may occur that what seems necessary to you, maybe non-essential for us. So, it relies on you, but make sure that you choose the correct expenditures. And, choose a monthly expense, and if you find it hard to manage them, and start with a week.
Step #2: Go Through The Previous Months' Cost
You may find it hard to predict the exact cost that you will receive this month. The unique and best way is to go through the previous month's expenditures list. Choose among them which one is essential and which are not. It may take time, but good practice for the future.
Step #3: Start Saving Funds
No matter how strong you are living a financial life, but you have to start the savings funds. The best practice of the contentment method is that you can put the saved money that you receive by cut down the expenditures that are not vital.
In this way, you can save substantial money to beat unexpected situations or fund plans. Though, there is an online option available, like loans quick and easy to get. But, having saved fund can provide you inner happiness, and confidence that is the main objective of contentment method.
Step #4: Think A Thousand Times Before Making Hefty Purchasing
Here, the biggest challenge is to get over the bad spending habits that require an immense level of will power. So, whenever something lures you to purchase it, then think thousand times and ask yourself a question, like will this product bring a positive change in your life? If yes, then go ahead, but make sure you check the necessity level.
Step #5: Avoid Cheat Day
There is a world that is quite famous and known as a cheat day. In this, the person can skip the daily routine, and do whatever they want to. But, while directing this method, you have to very aware of the decision and avoid the cheat day.
If you perform it, then you have to start again, which may bother you further.
These are the steps that can aid you in getting rid of the habits that lead you to live a miserable money life. It may not require money, but all it needs strong courage, the power to challenge yourself. Initially, you may be fed up, but continue this practice one day, and you will get fantastic outcomes.
