We all have desires, of material things that we should be owning. And the appetite for owning different things keeps on shifting
from time to time. Our taste and preference are deeply embedded in our blood. Resources to fulfill the desire for this items is
constrained. This is due to differences income levels. If you are looking for a way to get most out of your limited resources, a budget has to be drawn, which will ensure that you get most out of your limited resources.
How to shop on a budget
What you need
When you are going out on shopping, one thing that has to be clear, is whether the items you are going to buy are necessary. Priority should be given to the most needed items. Going for a pair of expensive shoes will deny you the opportunity to buy clothes. You need to strike a balance, between the volume of items you want to acquire and the cost. This will happen after careful consideration on what you need.
Know what you lack
First things first, you need to identify the things you lack before shopping to avoid duplication of items you already have. For instances, you will need to ask some questions. Do you have more casual than formal outfit? Do you have shoes that match your outfit?
This question assists you in identifying gaps in your wardrobe and what you need to spend on. Old clothes and shoes are discarded or given out to needy persons. This could be friends or relative.
Where you overspent
Go through your shopping list for items you spent on during your last visit to shopping mall. This will guide you to identify
areas you overspent and making adjustment accordingly. For example, if you had $50 budget meant for clothes, and you went out and bought DVDs, and you had already overspent on that category.
Where you underspent
During your last shopping, there are items you bought but were not adequate. Give priority to these items. For example, you had a budget of $100 to kitchenware, and during your last shopping, you only spent half of the amount. Ensure you spend on kitchenware until to reach the limit for this category.
Cut down your budget
Since you have limited resources, keep on identifying areas that you can reduce or eliminate as well. Start with primary items; these are the things that you need to keep you alive, for instance, food, shelter, and clothes. Expensive items should be acquired after fulfilling the basics. Alternatives,can as well be explored, instead of buying a cake, buy bread instead.
Good saving will be realized if you keep track on your expenses.