Have you ever wonder why people buy and in no time they regret buying or feel they bought the wrong things. Every day we face external pressure from marketing, our
feelings and habits can contribute to excessive spending. Here is six of the
best method to help you spend less on more important things. As humans the need
to know how to use our hard earned money on the right thing and at the right
time is most essential in our financial growth. When you go to amazon and ebay you will find thousand of thing to buy and the need to know how to buy, when to buy and what to buy should be a concern if you must maximize your finance.
Come with me and let me share this fact you will be so amazed
about how simple it will be for you and how much money you will be able you
save in the next few days.
#1 Resist impulse
buying.
Do you enjoy the excitement of shopping and finding a
bargain? If so, you tend to purchase on
impulse. To resist, slowly down and think realistically about the long-term
consequence of buying, owning and maintaining what you are planning to buy.
Stop and remember past impulse purchases that you later regretted. Give
yourself a “cooldown” period before making your final decision.
#2 Avoid shopping to
alter your mood.
Shopping can temporarily lift you out of a bad mood. But
when negative feelings return, you may feel even stronger pressure to seek
relief through spending. Instead of shopping to improve your mood, seek out
supportive friends or engage in some physical activities, such as taking a walk
this will not only help reduce your spending or increase your happiness but
will also reduce your depression and that in turn will increase your well being
I mean your health, which I know for sure you will give anything to be healthy.
#3 Do not shop for
recreation.
Lavish shopping malls have turned shopping into
entertainment. Although you may visit a mall browse the internet simply for
enjoyment. Much of what you see is signed to stimulate you desire to buy. Shop
only when you have specific purchase and stick to your plan… but I must advice
you to always be open to new ideas something might just come up that will
change your life for good.
#4 Choose you
associate carefully.
This may look common but one of the vital among all “show me your friend and I
will know who are” and to make your clearer “the bible says 1cor. 15:33 do not be deceived evil communication corrupt good manner”
the lifestyle and conversation of your friends greatly influence your desires.
If you are overspending to keep pace with your friends, then choose friends who
place less emphasis on money and material things. This goes a long way to help
one to be more focus and also in setting out goals and trying to reach them…..
#5 Use credit card
wisely.
Credit cards make it easy for you to but while ignoring the
consequence. Try to pay credit card balance in full each month. Know your
credit card’s interest rates and fees, and compare credit offers to find the
most affordable cards. Be wary of premium cards that have high borrowing cost
and offer benefit that you do not need just to entice you in buying their
credit card. Instead of purchasing on credit, save for larger purchases and pay
in cash. I know that may not be an ideal thing or easy for you but come to
think of it do you like to keep living on credit? If your answer is yes then I
advise you give it a try it takes time to build a habit. “Sow a thought, and you reap an action; sow an action, and
you reap a habit; sow a habit and you reap a character; sow a character and you
a destiny”.
#6 Know your financial
status.
I choose to leave the best for the last. The best way you
can know your financial status is to always do a review of your financial
status. I do this as often as possible and I will like you to do the same, it
goes a long way in helping you know
HOW TO BUY.
WHAT TO BUY.
WHERE TO BUY.
THE BEST TIME TO BUY.
You financial status will not grow if you do not take time
to know how much you are worth and how much you spend on a daily basis…. All
the steps are as quite important but you alone know which of them is you weak
point, now you can focus on that part and try and fix it. On my next post I
will give you reasons why you need to know your financial status at a regular basis and the
benefits. And I will also tell you all you need to know about “how to buy, what
to buy, where to buy and the best time to buy”
Please
fill free to ask a question and i will be very grateful if you will be
kind enough to leave a comment on how you have manage to control your
buying. Please use the comment box to comment... A if you like this post
please share to help a friend.. thank you..
This is a must read for everyone who want his/her finance to grow
ReplyDelete