One of the unusual ways to define spending is by the notion of saving: whatever is not saving is spending. Spending is necessary; it is the other main reason for earning. It gives pleasure, elevates spirit as well as status, and most importantly serves the purpose. The pleasure it provides is second to that of earning itself. However, spending can be something worth doing if done wisely, avoiding some frequent mistakes and dealing with to-have-or-not-to-have dilemmas. These are essential skills when it comes to spending on a budget.
Give it another thought.
The first point of consideration is that final call, because after this you are in a completely different phase. Think meticulously whether the thing you want to buy is of any necessity or is it just a fancy-requirement. For instance, someone willing to start photography doesn’t need a full frame DSLR camera; rather a mobile phone with good camera features is enough to start with. We often tend to set some imaginary requirements for tasks that don’t require them at all. In such cases, it is wise to think over again and consult someone if necessary.
Don’t compromise unless need be.
The ever convincing “plan B” can sometimes fool around too. If you are willing to buy an iPhone, don’t compromise that with a Chinese duplicate. The only consideration you can possibly have is if you really need an iPhone, not how to get one with the similar configuration for less. This mistake can culminate in an utter frustration with the phone as well as with the money spent on it. Dealing with dilemmas like this makes you a smart user of money; it takes nothing but money to be a spendthrift.
Be a pro with promotions.
Wisdom in spending is also associated with the skills of identifying and eliminating the traps of promotion. A large portion of the items on sale are actually the items not worth their original price; that is actually the reason why they are put in the most noticeable spots. What is worse, by the time their worth was realised they already got old; sometimes too old to get sold. Now, how would you really feel about buying some old items which were not sold new?
Have less but the best!
This “less” pertains to quantity whereas the “best” refers to quality. Let me elaborate with an example: if you intend to get fragrant, it’s not unwise to have a better perfume for more than having a few cheaper ones that don’t serve the purpose that well. If you are going to have a blast with old buddies, even none of the few will do; but just think of your colleagues in their stead. Most people, however, disagree with the view relying on quantity that can serve for a longer time-span. Then again, the longer we use the more we lose the chance.
Have your decisions noted.
As it happens too often to the shopaholics, they tend to forget some resolution taken very recently. In an instinctive shopping spree they go by themselves and get things they have already got plenty of or keep looking for items that are absolutely useless. However, this is often also true for the normal people with an average knack for shopping; they sometimes get carried away especially when a thick wad occupies the wallet. It is, therefore, a good idea to note down any new decision or resolution pertaining to shopping and the list.
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