How To Reduce Careless Spending: The Best Way To Save More Money

How To Reduce Careless Spending: The Best Way To Save More Money

Spending can be very interesting and fun. It is not usually as stressful as making or saving money. You just whip out your credit or debit cards and start spending but hold on, is this how you want to end it all?

I mean, if there is a better way, won’t you want to know. Some don’t even follow the basic principle of earning before they spend. They just spend and spend. Trust me, you are heading to a path that will be very difficult to recover from.

Over time, we have been preaching the importance of knowing how to reduce careless spending and save more. You know why? If you don’t save, you won’t be able to invest and that means you will make very little money over time.

Now, if I continue on this path, I might take up a lot of time but let us hear about Lucy. Do you know Lucy? I bet you do.

Lucy works and earns 100k monthly. She stays in a house in Abuja where she pays 1.2m every year and she has to look good. She practically spends money on clothes and shoes every month. She doesn’t save any percentage of this salary at all. In her mind, it is not a problem. She is even being frugal. Too bad.

Lucy doesn’t know how to reduce careless spending and save money and, in her mind, it weighs down on her too. But she is too deep into it to stop. She spends her salary within a week after receiving payment and goes into debt almost immediately.

She doesn’t know what to do and keeps getting into debt. How do we help Lucy reduce careless spending?

You are Lucy and this is for you. If you are not Lucy, you must know a Lucy that will need this.

Let us get to it then and let us make sure that Lucy gets this.

Tips On How To Reduce Careless Spending

  1. Set up a savings plan and goal

To spend less, you must save more. That is the most important aspect of ways to stop spending money on unnecessary things. Most people find it difficult to save money and that is understandable. There are so many things to spend on and even when you manage to save up a little, you still go back to withdraw from it.

What if I told you that there is a better way? Do you want to hear it or would you rather go back to the old way of doing it? Alright, just read on.

Have you heard of Sumotrust? It is the smart way to save and that is not even arguable. It can do a lot of things for you:

reduce careless spending

  • The app automates your savings. All you need to do is set the frequency and amount and it does the rest for you.
  • It pays you a 10-15% interest per annum depending on the plan you choose.
  • It charges 4.5% on careless withdrawals so as to enable you to learn how to control spending habits.
  • Their customer care service is top-notch. There is always someone that will listen to your complaints at all times.
  • It enables you to set savings goals using their mission savings. So, you save to buy a car, build a house, marry, go to college or do other things.
  • Visit to start saving today.

Also read: 7 powerful ways to increase your retirement savings in Nigeria

2. Learn how to plan your budget

Budgeting is one thing you must learn if you must know how to reduce careless spending. It is about prioritization. You must know the things that are more important and know the things that are less important.

You must keep track of your spending using any method that is comfortable. There are budget planning tools on google that you can use. The essence is to know where you spend more money and where you are to reduce your expenditure. By the time you cut down on your spending habits, you will grow your savings.

  1. Try the three days rule

One of the ways to stop spending the money that you don’t have is to use the three days rule. What this entails is that if you want to buy something that is not essential, give it 3 days and get back to it.

At this time, the rush of the impulse buying must have died down and you can know if it is what you should do or not.

  1. Balance your finances before spend

At the end of every month, there are certain bills that you must pay. Those bills are essentials. Before you go whipping out your debit or credit cards, make sure you have balanced the books. This way, you will know the actual amount left with you and you can make better financial decisions.

  1. Learn how to cook and eat at home

One of the ways we spend money carelessly is to continuously eat out. So, you want to know how to reduce careless spending, then start with cooking and eating at home. This may be a tough decision but it is worth every bit of it.

I have not eaten out for over a year now. Trust me, the savings I have accumulated because of this decision is massive. You have got to try it out. Besides, you tend to eat better when you eat at home and it is cheaper.

  1. Use a list for your shopping

You know there is this spirit that comes when you are shopping. You may actually have an idea of the things you want to buy. But, hey, when you get to that store, it is a bit different. It hits you hard and you start picking things you never intended to in the first place.

To stop this from happening, you should always shop with a list. That list must be adhered to strictly or you will have yourself to blame. You will buy only the things you need when you do this. Try it out today.

  1. Learn how to do it yourself

Before we go into this point, I did like to stay here that this is only applicable when you can spare some time.

You see, one of the ways to reduce careless spending is to learn how to handle certain yourself. Save money by doing your laundry, cleaning your house yourself, handling your cooking, weeding your yard, taking care of your garden, and other things that you pay people to do for you.


There you go. Do you think there are more ways to reduce careless spending? I want to believe that there are more ways. Please let us know in the comment section. Don’t forget to share this. So many people will benefit from it.

Till we meet again.



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