Recurring Expenses I Can't Avoid
Most times we wish we can become millionaires on our savings but it's not often as we think, just at the doorpost await us expenses we can't elude from. Like a swarm of flies they come in large numbers and devour the little money we hope on for investment, we can't run away from them, the expenses are recurring and this never goes because we need them for our happiness and survival. Sometimes the whole essence of our money revolves around them and other times they contribute to building our wealth, and these make them very important.
One of the things I spend continually on is Food. It doesn't matter what kind of food it is but as long as it satisfies my cravings or hunger. We can't do without food and we need it to live one more day except when we are on a fast. One can tell how important food is from the story of Esua, a young and vibrant man who gave his birthright in exchange for porridge. As long as our stomach craves for food, it becomes a need. Abraham Maslow's hierarchy of need starts with food as the first need of man, only until this is satisfied would a man crave for something else.
Another thing I spend continually on is Data. As long as one holds a smartphone, and enjoys any of the social platforms, the need for mobile data comes alive. I no longer enjoy using my phone without mobile data in any of the Sims. I wish I could do without these expenses but I can't. I need it to surf the Internet and participate in other activities that generate income for me. If I were to accumulate all the money I have spent on data, it should be enough to get me a small plot of land in a remote village. As much as it drains one's purse, it's a major commodity that one consumes at all times as long as we make use of smartphones.
Finally, my body and hair cream plus other miscellaneous in taking care of our body. We need to look good at all times and this is only possible if we deliberately invest in our body. Cream whether body or hair are things we get either weekly or monthly. As long as we desire to look good at all times, we spend money on lotions that give us that sparkle that we need. Some people buy skincare products regularly just to ensure they maintain that look and other few things the body desires like perfumes.
There are so many things I spend continuously on but I don't consider them to be important. Things like clothing, I can do with a few clothes for a long time, the same goes for shoes and wrist watches. It doesn't matter how much we try to save, there are certain recurring expenses that we can't escape, they keep coming and this i have listed above.
Food is unavoidable need of man. It gives the energy to do other things. All you mentioned are important recurrent expenditures.
And we need that energy always
Very necessary.
Food takes up over 70% of my monthly expenses but unfortunately we can't do without it, everyone needs food
That's true, we all need food
The things you listed are truly the basic needs of man. I noticed that you didn't include house rent, does it mean you own your own home? 😁
Like a swarm of locust, expenses come and scoop up all the savings on has diligently kept aside, not minding the sacrifices inputed.
We can't run away fro these expenses at all no matter how hard we try and so far I've come to realize that doing the needful is a necessary tool to healthy living. I have friends that can starve for months just to keep money aside for electronic gadgets like phones and all. I recall that I usually make fun of them as nothing is worth comparing to my stomach infrastructure o.
Thank you for highlighting these needs, it was a nice read.
I'm a fabulous #dreemerforlife
Nay, house rent isn't part of mine. My family had graced us with houses but I'm planning on staying on my own soon.
Just like you, I can't sacrifice my stomach for gadgets. If there's enough, I can consider them.
Thanks for stopping by and sharing your thoughts
The way you arranged it in hierarchy😅
Food is the first for me too. Food is one of the expenses chopping my wallet...and I can't even do without food so there's no way to dodge.
Data; this is another one. It got me like that because I can't do without it 🥹
The hierarchy was necessary. Haha.
One just needs to budget for all these no matter how much we try to save.
Yes ooooo!