SPENDING- Expectations Vs. Reality

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Did you know that an overwhelming 62% of people identified themselves as having problems related to both spending and saving? It was concluded that having a problem with both spending and savings is actually just one problem: spending. This was the outcome of a survey conducted by the NFCC (https://www.nfcc.org/tools-and-education/money-management-tips/be-smart-about-spending/spending-reality-check/)

What does your spending habits say about you?

Well, this fact triggered us to ponder more about the problem – Spending. On further brainstorming, we classified people based on their spending pattern as follows:

“Treat yourself” type

It’s all for the sake of “Others” type

Soothing spenders

Boredom spenders

The Deal seekers

Let’s take a closer look at the five types of spenders.

  1. “Treat yourself” type – These people spend to feel good about themselves. Their attitude is simple – ‘When I have earned my money, I have every right to spend it on myself and enjoy life’. Yes, we do advocate their thought but doing it on a regular basis could create a big hole in their pockets. Don’t you agree?

  2. It’s all for the sake of “Others” type – For some section of people, it is important to show how much they can spend and get noticed by others. They might spend on gifting others, might make a purchase as a symbol of status – just for the sake of others. The purchase made could have been easily avoided, and still, they do not shy away from spending.

  3. Soothing spenders – Spending gives pleasure to such people. Their philosophy is similar to those who eat more when they feel depressed or low. Spending offers the “high” that perhaps a glass of vodka can make one feel. Well, even to afford that one glass of vodka one has to spend. Isn’t!

  4. Boredom spenders – Boredom and Loneliness can also result in spending. This is a reality.

  5. The Deal seekers – Such people look for exciting deals. There are obviously no dearth of exciting deals and these people end up falling prey to it, without even thinking if the deal is actually worth spending or if the product which was purchased from the deal was actually useful or just a piece of momentary pleasure!

Expectation from spending

Among all the five types listed above, there is one common thing. It’s the subconscious connection that has somehow been registered in our minds that we equate fun and spending money (fun/happiness = spending money) and that fun is impossible without spending money. This the underlying expectation of people from spending and the reason for the same.

The reality check

Recall five most fun times in your life. We bet at least three of the five involved little or no spending! That’s the reality. Though we are not promoting that you should not spend a single penny for your entertainment, we believe that our perspective on how we spend our money should change. Of course, we can help you in this aspect, but you have to decide for yourself to become a conscious spender.

Using our easy receipt expense tracker, you could easily recollect the items you spent your money on. Tracking your expenses is the first step towards useful spending. It makes you realize if you have any regrets in the way you had spent the money. Tracking expenses can also help you answer that million dollar question –

“If you had to do it over again, would you make the same choices?”

If you prove yourself that your spending was worth it then those are the spending experiences that are actually worth it.

Eliminate the chaos in your spending by using our receipt catcher.

Choose NumReceipt – Your receipt bank for mindful spending!


EXPENDITURE- Spending you should be focusing on!

Hello impulse spenders, Have you ever been thankful that someone stopped you from spending for something you already have and be happy for it?

There are different ways of spending money. How you spend determines who you are. When we savor and appreciate what we have now, instead of trying to get happy by acquiring more things, we eventually end up spending wisely. It may sound like a Utopian idea but just give it a thought if you do not want to wreck your financial future in the process of enjoying financial freedom to use your money however you wish to.

Focusing on the correct type of spending

To encourage and keep the focus on the correct type of spending, we have formulated a mnemonic, an easy to remember the phrase –” save for a rainy day”

Save - Asking yourself is the best way to optimize spending.

What are we buying?

Who are we buying it from?

How often do we buy?

When did we buy it?

Is this item really the one we want to spend our hard-earned money on?

Are we getting what we had been promised?

How does the expense data compare from previous years?

For - Is the purchase worth the effort? Always analyze what you will gain by buying the item. What will you lose, other than cash of course? What are the long-term consequences? Will it improve your health and happiness or genuinely give you more free time? Is this the best option to spend your money? If you cannot answer these questions positively, then let your money safely rest in your wallet.

Rainy – Remember! It’s perfectly OK to not spend on anything while shopping. Well, it might seem like a waste of time when you shop without making a purchase but in the real sense, buying something you don’t need or you already possess only makes for more waste.

Day - Do some quick math every day.

Do a little simple division to see how much of your time, effort, and work is eaten up by a potential purchase. Comparing how much you have to work and the cost it covers for a new purchase can inspire you to become a mindful spender. Likewise, spending in cash instead of credit card helps you gain a better sense of how much you’re spending. It's much easier to leave the money in the wallet than having to earn extra money!

You ask we answer

Obviously saving today is going to be spending for the future. For all the questions you ask with respect to your saving and Spending, we at NumReceipt are glad to answer with supporting data and analysis. We are here to control your spending. Make full use of our receipt filer,  track business expenses and mileage, join our spend management program, get instant reports on your spending and steer your way towards a secured future.

Save for a rainy day

We are all aware of the story of the ant and the grasshopper. So decide for yourself if you are going to be a maximizer like an ant reaping benefits of your conscientious decisions in the future or the fun-loving grasshopper struggling to survive the winter.

Becoming a conscious spender would result in financial freedom which we all aspire to have! "Save for a rainy day”– with NumReceipt.

Fitness - A guide to achieve physical and financial fitness

Physical fitness is very important at any age. Being conscious about your lifestyle, eating the right amount of healthy food in a timely manner, and flexing your muscles is the best way to thank your body. Though many of us might at least make an attempt towards a healthy living or make a resolution to hit the gym to shed those extra pounds lingering on to us, we delay pursuing our financial goals.

Without getting too much into math, here’s an equation for you to ponder about. It is our equation to help you get financially fit.

PDCA = qed

Financial fitness – How to get started!

Financial fitness is a matter worth focusing on as well. Sound financial health can have a positive impact on overall health and well-being. The book Leveraging Your Financial Intelligence: At the Intersection of Money, Health, and Happiness by Douglas Lennick Roy Geer Ryan Goulart focuses on how financial health, physical health, and happiness are profoundly interconnected.

So this month, we decided to focus on fitness and show you all how easy it is to relate physical fitness to financial fitness.

Check out our simple tips for building a healthy financial life. It’s nothing dramatic, just the PDCA – though a great technique for continuous business improvement, it can also be applied in any day to day scenario with equal ease.


It is essential to write down your financial goals and create a plan so that you have clarity when you reach your destination. The specifics may change from time to time, but always keep the big picture in mind. Planning is the key. We should all once again sing the song we used to annoy our parents during every car journey – “Are we there yet?”.


This is the most important yet challenging aspect. Fitness coaches generally advice to start out slow, with warming up exercises before a body straining workout regime. If you start with weights on Day 1, you are going to injure yourself for sure, which would, in turn, prove to be a hindrance to your fitness goals. The same applies when it comes to finances. Just because you have decided to build wealth, you don’t need to immediately put half of your paycheck into savings. Start slow and go along steadily. Deal one day at a time. For instance, if you are frequent credit card user, ditch it at least twice a month, then gradually stop using it.


Well, quality is measured when we check and revise if we are on the right path by comparing previous year financial data. In building your financial health, it’s also important to be confident, driven and focused. Mental preparation is key for both physical and financial fitness. Checking your investments, finding avenues to save taxes can place you in a great place during your retirement.


In building your financial strength, we recommend streamlining the process to ensure your goals are on track. Automation of savings, keeping track of your receipts can help you feel the progress. Just as we cannot stop working out, due to the boredom that sets in as you repeat the same set of exercises every day, same is applicable with finances. It could get monotonous, but you cannot afford to miss tracking even for a single day as every penny matters.

Introducing NumReceipt

There are several apps for fitness, which motivates you to move and stay fit. We would like to introduce ourselves as your best-loved app for your financial fitness. Download NumReceipt and the time you spend with us would definitely reap sweeter benefits for you in the long run.

Our friendly support services ensure that you are able to use all the features in our app that ensure your goals are on track. We will help you with accountability and also let you appreciate your fitness journey, making you feel the progress.

PDCA = q.e.d (quite easily done)

Fitness ensures longevity and healthy life. The longer we live, the more important finances become - especially to save and plan for retirement. So make strides on your financial plan as you continue your fitness regime.

A good start is half the battle – Plato

So create a plan, start slow and before you know it, you’ll build a financially healthy life. With NumReceipt in your mobile,  PDCA = q.e.d (quite easily done)

Wanderlust – that’s what we say!


Kate, an independent and successful photographer by profession loved her job except for one aspect. She had to often relocate to new places on new job assignments. The maximum time she has ever spent in a city would be 2 years. Though she loved the fact that her career satisfied her thirst for “wanderlust”, she dreaded the relocating part of it. But not anymore, read on to find out more.

Well, this situation not only applies for Kate but to any person who has ever experienced moving – either within a city, country or even worse outside one’s country would agree that it is one of the most stressful time that a person can ever experience. In fact, research concludes that the ordeal of moving home was placed as the top stressors among all the life events, leaving behind even a week in jail or starting a new job!

(https://www.foxnews.com/real-estate/many-americans-think-moving-is-more-stressful-than-a-week-in-jail )

Not only Americans, but the scenario is also the same globally. People rate moving out more stressful than a divorce!

(https://www.express.co.uk/news/uk/574171/Divorce-stressful-moving-home )

The BIG WHY!!!

Americans are moving less than ever, concludes a survey in 2018. (https://slate.com/business/2018/06/americans-are-moving-less-often-than-ever.html)

Why is moving so stressful?

Well, there’s the scheduling, the packing, the expenses, the general disruption, the phase of moving out of a comfort zone – the time you would have spent to make the four walls of a house a home has to be reinvested again in a different place. We as social animals, naturally get emotionally attached to the place we live in. Although a part of us would definitely be left behind in the place where we resided, it would take time to rebuild that connect in a new place. All these aspects make moving stressful. Yes, it is stressful, but can it be made somewhat manageable?

HOW following WHY!!!

Well, certainly! We thought of adding some excitement to this strenuous task and making it an eventful adventure for you. So here’s our special P’s list that you could consider next time while relocating:

Planning – Try chalking out and start planning a few weeks in advance to avoid last minute ordeals. Explore the new place, make contacts with people who have been there and be prepared to some extent.

Paperwork – Organizing your relocation paperwork is definitely going to be an important task. Make sure you have a copy of your rental agreements, schools if you are traveling with children, new phone numbers and maybe even vehicles, registration with the city authority,

Positivity – Say to yourself that it’s going to be over soon and you would be relaxing in your new home.

Productive work – Always make a TO-DO list every day and ensure that you abide by your list and finish the tasks you had planned for that day. In this way, you would certainly feel productive and your energy would not be wasted in the wrong direction.

People management – Taking help from family and friends during relocation can ease mental stress. Use the support system to avoid regret.

Principles of expense Management – We can help you for sure. Enjoy controlled spending using our expense tracker app and never regret. If there are any expenses which are tax deductible, you need not search for your receipts at the eleventh hour of filing returns. We will make sure you have one less thing to do. Now, that’s a relief during such testing times, isn't it!

Yes, we also support worldwide currencies with real-time currency exchange calculation. So forget the word regret, Take a deep breath and start looking for the “To let” advertisements. Choose a comfortable house and make it your dream home!

Kate loved the detailing in our app and does not dread “relocating” anymore. If you are someone like Kate, with a job often demanding a change of place, then our app is surely going to your savior!

In case you too found this post helpful, please comment here sharing your experiences with relocation.

Trust in the process is extremely important. The thought could be overwhelming, the beginning is certainly going to be a rough one. The path you travel to execute your plan could be an arduous one, but a happy ending is always in your hands. Begin with this happy ending in mind. Everything else would fall in place!



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