Have you wondered how some people seem to get buy on very little? The world’s economy is lagging because people are not buying. People are starting to save more and the media paints this as a bad thing.
We could all get into more debt and the economy would start up and the news pundits would all be happy. What’s wrong with this picture? It is not cool today to be a saver and have money ahead of you instead of being in debt up to your eyeballs. This is what got the world into the mess we are all in today.
My advice-don’t spend money needlessly. There are a lot of things that would be nice to have but do we really need it? Do you need a CD player that will hold 10 CD’s! Do you need a cell phone that can take pictures, videos, play movies and record songs?
Spending small amounts of money everyday can lead to large amounts of money on a monthly basis. $5 lattes! $4 bagels. $4 ice creams. The list goes on.
If you are serious about getting control of your finances-the small things make a big difference. What you are saving on a daily basis can be applied to your existing debt. Focus on getting rid of any debt at all costs.
Bring a lunch to work! What will my co-workers think? Does it really matter what they think. Are they paying your bills.
I taught school for ten years and you could buy your lunch at the school cafeteria. Most of the teachers did so, including me. We had a teacher friend that taught school for close to 40 years and he brought a sandwich and apple to eat every noon. Who was the wiser one financially?
It’s the small things-stupid!
Jacques
CreatingWealthThatLasts
2 comments:
What would you rather have a thousand dollars or one penny compounded daily. The penny it comes out to be more in the long run. Now our government has Mega Debt and the interest is compounded. Can we even at this point pay off even the interest on that debt. Now generations are stuck with it and no one in government seems to care. They have the give me more now attitude. When will it change.
What a good post, you make some very good points. Thank you.
Dan and Deanna "Marketing Unscrambled"
Hi Jacques .. yes it is good to start young and learn to save some and spend some .. so you learn the value of the penny in your pocket. I hated and still do buying food and drink out - unless I'm having a real social .. not often - I'd rather meet up with friends at home .. theirs or mine .. - it's cheaper, you can concentrate on them & your own thoughts .. and you can keep the weight off .. lattes, bagels and ice creams = pounds of the other sort!
Thanks - good post ..
Hilary Melton-Butcher
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