Page 44 - May 2018 - December 2018 Issue

How to say No to

Over Spending?

By Obella Ronsairo, Supply Chain Management

It is important to recognize and reward dads for being there, and educating significant life skills and
values to children and thank them for supporting us financially and providing our needs. It is important
to their children, and meaningful to dads everywhere when we say “Thank you Dad” with or without any
occasion.
Raising kids and supporting their necessities are not as easy as counting 1, 2 and 3. Fathers are extending
their time, effort and sacrifices their wants just to provide the needs of the family. People nowadays,
doesn’t have the idea on how hard it is to earn money, and because our Father were born as good
provider and they don’t want to disappoint their family, there are those times that they cannot afford to
say No to over spending to their wife nor to their kids.
In addition to this special event for our Father, here are some of the tips on how they can say No to
excessive spending without frustrating their family:
Weighing the advantage and disadvantage Focus and set a strict budget

Deliberate the pros and cons of saying yes or no to Living within the boundaries of a detailed
every situation. Be practical, not emotional when budget, people will find it easier to avoid
deciding which to say. Once you have decided, be dropping into the trap of lavishness for no good
fixed. Do not let the opinion of others affect you reason. By practicing a strict budget, decisions
from sticking to your decision. Keep running will automatically become very easy, whether
through the advantages of your choice to help you can afford it or not. There will be no mistake
strengthen your firmness. in spending within a good budget, that’s why
Father’s work so well for their families, assuring
Stick to your needs vs your wants that they can stay on the right financial track
along with it is providing the needs of the
People have their own needs and wants. For some, family without sacrificing their relationship with
it can be hard to say no even when saying yes would one another.
cause them to compromise their relationship with Never apologize for formulating the said
their relatives. Think of it like this, your partner is a decision. It makes you seem bendable, because
great person and a great companion and so you of it people doubt your decisiveness and keep
want to please her. She wants a new and limited trying to change your mind.
edition of a signature bag that costs higher than the Do not be hard to yourself for saying no. Do not
regular price of bags and you know it will push the regret the decision you made if you know that
budget to the near overextension. Saying yes might you have a good and a valid reason. The sense
please them, but it will compromise your of feeling guilt is a normal emotion and it
practicality values. While saying no will disappoint comes naturally. When it happens, go over the
them, but sooner or later they will get over it. reasons and details why you made that certain
Sounds like an easy decision, but how many of you action and soon you will be able to rationalize
know someone who just helps their partner them to yourself and to the people that
purchase expensive things just to fulfill their wants? surrounds you.

43 | FINANCE