Have you ever wondered where all your money went by the end of the week? You are not alone. This can be a HUGE problem if you don’t get a handle on it.
Here are a few guidelines:
1. Remove yourself from temptation: Don’t go shopping at the mall as an activity when you have nothing to do. The malls don’t have anything that your really need at this moment. People are lured by sales to buy stuff they don’t need because they think the price is right.
2. Keep a spending journal: Jot down everything thing that you buy. I mean everything including the pack of gum.
3. Leave your credit cards at home: You really can leave home without them
4. Ask why before you buy: Do I really need this? Can it wait? Why am I buying this? Your answer will probably be that you don’t need it.
5. Give yourself a time out: If you are really tempted to buy something-sleep on it. I’m sure that if you do this, you will not go back to buy it the next day.
6. Clean house: You’ll be surprised at the stuff you bought that you don’t need or haven’t used in a year.
7. Learn to say no to your spouse, kids, etc: Nobody really needs the new doodad that everyone has.
Nothing complicated in the above. Just be prudent every time you go out. Buying for the sake of buying will keep you poor and in debt.
Jacques
CreatingWealthThatLasts
3 comments:
Jacques,great way to keep track of what you spend, the spending book and all the other great tips that you give.
Dan and Deanna "Marketing Unscrambled"
Hi Jacques ..thanks for reminding us of ways to control our finances and life in general .. leaving us with a positive slate.
Thanks - Hilary Melton-Butcher
Positive Letters
Jacques, thank you for the comment on our blog. Have a nice day.
Dan and Deanna "Marketing Unscrambled"
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