Some breakups are never beautiful, no matter how much one tries. If you were someone in a toxic relationship and finally decided to end it for yourself, congratulations and more strength to you!
We understand that we usually need a coping mechanism in such difficult conditions — some might resort to spending their hearts out in their favourite stores or online shopping sites!
However, this practice only harms you.
While there is a temporary increase in your happy hormones, continuous ‘revenge spending’ (as it is called) can burn a hole in your pocket in the long term. All that money lost just to regain control of your life!
This is why it’s time to shift from revenge spending to revenge savings. Unlike revenge spending, this is a healthier alternative to managing and saving your money while living your life to the fullest.
Here are some tips just for you!
Keep a Track of Your Budget!
Your wallet and bank account are sure to thank you for keeping up with a budget. To map out your budget, first figure out your financial priorities. Once you understand what is more important, you can allocate the money you want to spend.
Another thing to look at is your bank account. You can also use advanced expense-tracking tools to analyse your spending habits. This will help you frame a better budget for the next month.
Don’t Miss Out on Fun!
Saving and managing money does not have to be a boring task. You can always create a room to enjoy life and reward yourself for finally moving on.
For this, you can create an exclusive ‘Fun Fund’. Here, you can create a stash of money that you would not use in your monthly expenses.
You can use this fund for all your indulgences — right from getting your favourite cosmetic from the brand that you prefer to going on a spa day. This will help you curb the habit of revenge spending without limiting your fun quotient.
Travel… But Plan Ahead!
Contrary to popular belief, travelling impromptu is not always a great idea, especially if you are someone who wants to budget after your breakup. But the idea is not to miss out on the goodness of life too.
So, plan your trips ahead!
This gives you the room to look for better deals and estimate the travel budget. You can then book your flights and accommodation well ahead of time. The idea of planning ahead is to avoid falling into the impulsion of spending too much.
Stay Grounded and True to Yourself!
We get it — what has happened cannot be changed. And we would not ask you to ignore your emotions.
Instead, acknowledge them so that you don’t indulge in excessive spending or any other unhealthy coping mechanisms.
When you do this, you realise what you want, which could include a healthy routine, mindful sessions, some constructive activities, saving money, and more.
So remember, always stay true to your emotions. Acknowledge what you feel and figure out the underlying currents in your life. Prioritise yourself and everything including the savings will work in your favour.
Always remember — ‘The Revenge Best Served is by Being Emotionally, Mentally, and Financially Happy’!
Policybazaar UAE – Helping you navigate the wilderness of the insurance world!
Written By - Tanvi Pathak
- Latest News & Update
30 Jul 2024Save Your Emergency Funds with ‘Sinking Funds’ - A Budgeting TechniqueThis is a strategic way to manage your monthly budget by setting aside a small portion of money per month. You can use the money kept aside for buying car accessories, Christmas gifts, vacations, stationery and more.
30 Jul 2024Three Ways to Put Your Eidi Money to a Fulfilling UseOn the occasion of Eid whether it be buying new clothes and indulging in sumptuous food, it is definitely on everyone’s to-do list.
06 Mar 2024Women in the UAE Making Significant Strides in the Finance IndustryStatistics reveal that women constitute 70% of the workforce of nationals employed in the banking field in the UAE. It is noteworthy that it is by far one of the highest representation of working Emirati women across all sectors.
07 Mar 2024#Inspire Inclusion and Financial Freedom - Women’s Day 2024This year, on Women's Day, we are all about including women in finance. We cannot ignore them and we must do our best to make sure that they are financially empowered and are able to make the most of their savings.
07 Feb 2024Loud Budgeting: The ‘Gen Z’ Approach Towards Financial ManagementThis article discusses the Loud Budgeting trend and how it is beneficial for the Gen Z. It also highlights the reasons why the trend is beneficial for the common public.
