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How to Save More of Your Money
Money has Zero value. For the most part it is a bit of paper with numbers and letters on it. In the case of coin small round or roundish pieces of metal. In essence that is all money is Right?
We know there s something missing here right ? Yes indeed all money is is pieces of fancy paper and round bits of metal. But then we add value to it. It is in the adding value the psychology of how we think about money that is the key.
My Grandfather used to say look after the pennies and the pounds will look after themselves. He told me that over forty years ago. Although I have forgotten many times in between essentially the truism remains. Look after the small change and the big stuff will take care of itself.
In essence what one needs to do to save money is adopt a culture of thrift and austerity. I don't mean going to the extreme and being a Scrooge. Still though when you decide to part will the hard earned Moolah one should run the ruler over whether the thing your buying is really needed. One way to do this is to decide what you want before you leave home. Do some research on the product. For instance 'Choice magazine' gives you the low down on what you are buying. Remember what you are paying for when you buy an expensive item in a shop. How much of that is in the value of the goods themselves. And more importantly will you derive anything other than a short term buzz from buying something new? If you by the product will it just put you under more stress because you cannot then afford to pay for essential items. Other consumer sites such as EBay and check out the price on the Internet new or second-hand. You might find you can get exactly the same product much cheaper there. Also by doing this is gives you a chance for a 'cooling0off' period to really evaluate whether you are just buying on impulse or whether you really do need it. Whether you could do without it and whether the function that it serves justifies the price.
If you do this then you are well on your way to hanging onto your money and then-you can look at investing it into something that will generate income. Once you get into the habit of doing that you will have more money in the future and that means you will have more choices and more discretion in the products and services that you want and need...