The principle behind saying money is ironic given the world we live in today.
You’re consistently urged to save, spend wisely and learn how to live without, separating wants from needs at the blink of an eye.
Counter productive to that are credit cards and offers flying under your nose, mortgages being given away with little or no interest and plenty of incentives for simply spending money you don’t have, whether it’s a holiday sale that temps your wallet or the latest and greatest, newest and bright and shiny product that you convince yourself you have to have.
Sure, you can argue willpower to the tenth degree, and you’d be right to assume that saying “no” truly is the best way to combat this downward spending spiral you’re in, but what if you really don’t know what’s bad for you money wise.
What if you’ve convinced yourself that needs are always good, and can’t be underestimated or reconfigured?
Case in point, do you really need that larger than life house and a few thousand dollar mortgage when those five bedrooms and three baths simply look good on paper? Just because you’re approved for a huge house and an even bigger payment doesn’t mean you always have to cash in on that particular dollar amount.
Even your wardrobe may be hindering you and your ability to save money. The phrase “dress to impress” wasn’t pulled out of thin air, but instead it holds significant meaning to someone who is buying clothing that is far too expensive that they want but really don’t need. That doesn’t mean you can’t treat yourself to a new, fine suit or a dress that is to die for, but that shouldn’t be an every week or month endeavor.
Finally, if you’re someone who has to have the latest and greatest and the next model or the first of something, chances are very good that you’re spending too much and excessively without thinking it through first. While it’s always a plus to have something no one else does or to be the first in your neighborhood with a particular product, you’re also not allowing for prices on these products to go down organically over a period of time. An HDTV was about $1700 10 years ago for a 40-inch model; today it’s the same quality and light’s out picture quality for about $300. If you can’t wait, you’ll always overpay.
Avoiding spending is impossible but it’s not hard to sidestep using your money for things you don’t need and thus will always end up saving in the face of a price tag that is too high and totally unnecessary.