2 Ways To Curb Your Spending Habits
We’re nearly done with 1/12th of 2009 and chances are good that your spending habits are still bad. You might not have the money to purchase large items or expensive fashion, but most of us have a little bit of cash hanging around. The problem comes from seeing that cash as just “hanging around” instead of viewing it as a brick in the massive wall of financial freedom and wealth. If you tend to spend small amounts indiscriminately, consider the following.
- You wouldn’t trade a can of Coke for a private tropical island, would you? Of course not! Then don’t buy frivolous items. Each time you do, you are giving up some of that tropical beach sand. Feel the sun on your face and the wind in your hair? No, you don’t, because you just drank it and now it’s gone. Figure out exactly how much cash you must have on-hand to meet your basic needs each day and carry only that amount with you.
- Start carrying a little notebook. If you want to be extremely chic, pick up a Moleskin at your local Barnes & Noble’s. Make a habit of writing down each time you spend money with an amount and a reason for purchase. Save receipts. Cash in on your laziness and reduce the number of times you write in your little book by reducing the times you buy things!
I’m not saying to never buy fun small things. Just make a habit of not buying them so that when you do, they’ll be much more enjoyable.
Tags: Saving Money | spending less | tracking expenditures
This entry was posted on Monday, March 9th, 2009 at 4:51 am and is filed under Budgets & Money Management. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
