"I don't have to write about the future. For most people, the present is enough like the future to be pretty scary."William Gibson
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Don't Lose All Your Money
That sounds like good advice doesn't it? Don't lose all your money.After all what is an investor without funds in the brokerage account? Hint: BROKE!On the subject of investing, this means getting out of a trade when it goes against you. Don't lose all ...
I Want My Money Back
No matter what you do, there will come a time when a customer will ask for a refund for some reason or another. Do you give it to them? That depends. If you have an unconditional money back guarantee, there's no question. Refund the money -- no questions ...
The 12 Rules of How to Avoid Losing and Start Making Money from the Stock Market
The 12 Rules of How to Avoid Losing and Start Making Money from the Stock Market RULE 1: WHY DO YOU INVEST? Make more money, this is the answer to most people. If your reason is to make more money, then ask yourself these three questions: 1. Is your ...
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Whatever happened to saving money the old fashioned way? Are
we in danger of letting life's luxuries become our necessities? These
are questions that have become the forefront of the new millennium
thinking.
Do you prescribe to this theory? You may, without even thinking
about it. Take a good look at your spending. Do things such as
having hundreds of cable TV channels, TiVo, the health club
membership, and that daily latte seem like your everyday occurrences?
Chances are, you have become addicted to these things, and are
shelling out a huge premium for them.
But, do you really need 500 channels? Or that health club membership?
How about those daily latte's?
What has happened in recent memory, is how we have been told
that we need these things without even questioning it. Have you
found yourself wondering about these things? There has been a
subtle shift in the American way of thinking and it has taken it's toll
on our pocketbooks.
How much say do you have in your everyday spending?
Do your children want the latest video games? How about shelling out
thousands of dollars to get season tickets to your favorite sports team
or paying huge amounts to see your favorite stars in concert.
It seems our culture has become addicted to spending money for things
that give a quick fix but do not last. It is here where we must stand back
and take a good look at what we are getting ourselves into.
You probably remember hearing your parents talk about how they never
had the things we have now. Well, it's true. They didn't. But they
didn't have the bills we have. They knew how to be frugal. And yet,
that idea has lost it's meaning.
I hear so many people saying that they want to enjoy life. They utter
things such as "You only live once", or "I deserve it", or my favorite, "I
work hard for it, I should be able to spoil myself!" These are just
excuses for not taking financial responsibility for your actions. This
is what puts consumers at a disadvantage.
Here are some suggestions to help ease the buyer's burden.
1- Ask yourself, "Is this a need or want?"
2- Can I afford this without putting myself or my family into debt?
3- Is there an cheaper alternative that will fulfill my desires?
4- Do I need this now or can I put it off till I have planned for the expense?
5- Are there more pressing needs that I must look at first?
6- What do I have to give up to be able to afford this?
Being a conscious money saver allows you to plan for each purchase. Most
of the time, if you ask these questions, cooler heads will prevail and you will
realize you don't need the item after all.
Don't let society dictate what you need or don't need. Base your purchase
on your own criteria and stick to your decision. Just because everyone
else has put themselves into debt to buy a 60 inch plasma TV doesn't mean
you have to follow. Those that plan their purchases are the ones that will
always have the money when they need it.
Be that person... whether it's old fashioned or not!
About the Author
Barry Ferguson is known as "America's Saving Money Man".
He is the author of two books called "How To Stop Wasting
Money" and "The Saving Money Mindset", and has 15 years of
practical, real world experience saving huge amounts of
cash every time he shops!
How much do you want to save?
http://www.howtostopwastingmoney.com
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