Watch What You Spend On

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

We often hear the expression: “Live within your means.” Nowadays, we need to change this expression by substituting “within” to “below.”

If we work for somebody or for a corporation, we need to set aside some savings which we can use for a “rainy day.” There can never be enough savings. That is why we sometimes find a second job. And this is the reason why we want to improve our lives financially, by getting off the “rat race” and creating wealth.

At times, we have the uncontrollable habit of buying things we don’t really need, especially when items are “on sale.” We stock up on things that are “on sale” thinking that we are saving. At first thought, it seems we are, but on second thought, we are actually losing. Foodstuffs get spoiled. Clothes go out of fashion. Appliances’ warranties expire even before they are used. Sometimes, they get damaged because they have been stored for too long. And new models are introduced which makes what you have on hand, obsolete or phased out. This might probably be the reason why they are “on sale.” If you notice, most electronic appliances are expensive the first time they are introduced and they become cheaper in time.

We stock up on things thinking that a similar opportunity might not come our way the next time. However some products are excessively produced on purpose, to be put up “on sale” if not completely sold while regularly priced. To some producers, it’s cheaper to sell at cost or minimum profit than to keep under storage, not to mention expiration dates. This is one way to push a product. You see, when people know that a certain product sometimes goes “on sale,” they always have the product on mind. It’s free advertisement at its best. The product makers don’t lose money anyway. On the contrary, they make money.

All too often, even the rich people fall prey to this kind of promotion. The poor and middle class would say: “I might as well spend my savings on these items since little savings are not going to make me rich anyway.”

And you know what happens to your house if you keep on stocking up? You turn your house into a warehouse. There will be clutter everywhere, especially when your house isn’t big enough. You only buy things ‘on sale’ if you intend to sell them for a profit and not for your own future use. Keeping a reasonable quantity is justifiable.

Be prudent. This is a habit that we seriously need to consider improving on or rectifying. If you are making enough or more than enough, keep in mind that it is not how much you make that can make you wealthy. It is how much you spend and how much you keep. Some of us have the habit of purchasing luxuries the moment we have the money or credit line for it. Most rich people, in spite of being rich, buy luxuries last. With the money you keep, books are some of the best investments. They keep you skillful. They open up new horizons which can lead to wealth creation. The same thing is true with seminars, tapes, and other media related to acquiring financial knowledge.

Therefore, prioritize your purchases. Don’t blow your money away unecessarily on a buying binge. You’ll see that at the end of the day, you’d actually have some leftover to carry you over the next month.

Special Gift: Get over 6 hours of audio program from best-selling authors, world-class trainers and success gurus for free by clicking this link –> Success Program.

If you enjoyed this post, make sure you subscribe to my RSS feed!

• Free Helpful Tips About How To Make Money Online Without A Website Before reading just look at this site for all your Flat House Share needs!By Melanie Mendelson:You don't need to have a website to make money on the Internet. Here is a proven strategy to make money online without a website:Step 1: Find Affiliate ProductFind a product to promote where you......
• useful advise of How to Get Your Website Making Money Now Here's a question for you...are your websites making money? If you are like a lot of newbie internet marketers out there who want their site to be a money making site, but aren't getting anywhere, read on.If you want to know how to make money you need to start off......
• Income Through Real Internet Based Business Making money with Google Adsense is a fantastic online money making opportunity for newbie’s. All you need is a site with at least 20 pages of content and well-placed keywords and you'll be on your way to making money with AdSense every day. So, what is Google AdSense and can......
• Quick Easy Ways To Make Money - Learn Quick And Easy Ways To Make Money Online Of course there are countless ways to earn money, but in order to learn quick and easy ways to make money, you must always carryout a detailed research on all the different methods.Although there is several methods of compensation joined the foundations of marketing are always the same. The seller......
• Need Help and Tips About easy ways to make money - Read this Post Contrary to popular belief that you could only make money online having some special skills the really important condition to do it is to have the desire for it. Unfortunately, you will not succeed with the so called get rich quick method, or everybody would be rich nowadays. Just as......

• 3 Easy Steps to Start Succeeding With Affiliate Marketing Affiliate internet marketing is basically described as an agreement between an online merchant or product seller and an affiliate or publisher. An affiliate gets paid or earns a commission for producing sales, leads or in certain arrangement clicks to a merchant’s website. This arrangement works out great for both parties......
• Clickbank Affiliates, Big Commission Checks Can Be Yours If you have acquired even just a slight interest in internet marketing, you need to understand what Clickbank is and how much power it can give you if you know how to put in a significant amount of effort and use this system properly; anyone who puts their mind to......
• My 25 ways to save money-the small things add up! Dawn over at FrugalForLife has a great article up on 25 ways she saves money..and other people have been adding their lists as well. I figured I would sit down and write out the ways that we try to save money, especially now that I quit my job the other......
• linklings, opportunities abound edition Point 1: Neither presidential candidate is willing to admit that there's a monster in the room with them.  The monster is a $10 trillion debt that's going to require tax hikes, benefit cuts, spending cuts, withdrawals from our military actions around the world, cutbacks on sacred cows like student financial......
• Should I Take All Of My Money Out Of The Market? If you listen to some people, you will actually hear many of them tell you to take all of your money out of the market. I overheard it in a coffee shop the other day, my wife and I heard it last night at dinner, and a reader sent me......