Personal Finance: Control your expenses

There are various ways you can save and increase your personal cash flow.
Controlling your expenses is one way of increasing your earnings.

Maybe you can't control your spending when you walk into an electronics store - or maybe you always have to have an extra pair of shoes and get tempted to buy the extra pair of shoes, even though you have three pairs already. It is all about controlling your senses, documentation and clarity in thought.

If we have sat down and calculated in our excel sheets about how much money is coming in and how much money is going out and what is the cash flow and what is my earning potential, then we won't do the mistake of buying something which is not needed or which is not affordable, considering the money we have in hand.

Source: Madurai Money