Handling your money.....

  • Posted by a hidden member.
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    Dec 09, 2012 3:34 AM GMT
    What tactics do you use to control your "mindless and foolish" spending?

    I keep less than $20 cash in my pockets, leave the credit cards home....and use my debit card almost exclusively.....works for me!
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    Dec 09, 2012 3:52 AM GMT
    I think about just how much I wish I had spent LESS when I was younger.

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    Dec 09, 2012 4:35 AM GMT
    I don't.. I'm not a big spender.. I don't tend to impulse buy my way through life and having new pretty things don't do shit for me.

    So I tend to naturally not spend much.

    I'm also a really cheap date hahaha
  • Posted by a hidden member.
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    Dec 09, 2012 4:37 AM GMT
    Learn to appreciate the intangible things in life. Be as rich as your grandparents and great grandparents before.
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    Dec 09, 2012 4:48 AM GMT
    My dad told me never buy it unless you def need it...

    never use my credit card for purchases above 250. (if i do once a month)

    always use cash at the gas pumps.

    make sure my bills are paid either on the 1st of the month or 15th. (billing cycles start on those days)

    reserve a month whereby i do no grocery shopping.

    use my costco card to get detergent and soaps.

    drink water and dont spend money on beverages.

    buy toilet paper in bulks.

    save every single penny by using coupons. Yes i do that. If america didn't want me to do it..they wouldn't send me a whole catalogue of it every month. I use it from getting groceries to toilet paper to mcdonalds. And i am def seeing where i am saving money.
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    Dec 09, 2012 5:02 AM GMT
    I work WAY too many hours, so i rarely have time to actually go out and fucking SPEND IT.
  • Posted by a hidden member.
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    Dec 09, 2012 5:06 AM GMT
    Self control
  • kevmoran

    Posts: 1543

    Dec 09, 2012 5:09 AM GMT
    Haven't quite gotten there yet...

    icon_redface.gif
  • Posted by a hidden member.
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    Dec 09, 2012 5:10 AM GMT
    I don't, I will buy myself something if I want it.. I dont spend money on clothes and I dont eat out all the time...so I usually like to buy tech gadgets...but I always know what I want to buy and save up for it...I just started saving up for a Canon Camera...I'll probably pick it up in the middle of January...
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    Dec 09, 2012 5:11 AM GMT
    When I was in my early twenties color I could not afford mindless spending. Now my primary concern in the money department, is making sure I will have enough money to live on when I retire. I wish I had started investing when I was in my twenties.
  • AMoonHawk

    Posts: 11406

    Dec 09, 2012 6:12 AM GMT
    shop-aholic? shop at thrift stores, you get a lot more bang for your buck ... Or start learning to buy and return ... usually it is just a compulsion to buy, because you are in the frenzy of the store, then once you get it home, it sits in the bag, because all you wanted to do was satisfy a desire to buy some ... usually you are trying to satisfy some other need, like lack of companionship, or love or something. Find out what the root cause is, and work on fixing that.
  • Posted by a hidden member.
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    Dec 09, 2012 6:16 AM GMT
    Never had a problem. I'm saving more and when I work, I spend less.
  • Kriss

    Posts: 690

    Dec 09, 2012 6:20 AM GMT
    Try to think of all the things that I don't have and I am attemting to save up for.
  • calibro

    Posts: 8888

    Dec 09, 2012 6:52 AM GMT
    i'm not a consumerist whore who doesn't know the value of money and spends beyond his means, especially on things i don't need, just want
  • Trauts

    Posts: 1012

    Dec 09, 2012 7:11 AM GMT
    I always get the urge to buy stuff that I don't even need! It's hard but I have to constantly tell myself I can't afford it and I don't need it. Very mental...
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    Dec 09, 2012 7:16 AM GMT
    I accept I am a shopaholic. I try to fight it, but no solution. I have hard time saving money. I don't keep cash with me, but spend a lot through my debit and credit card. End of the month (salary day), my account get reduced from 100% to 30%. I need some help to save money. icon_sad.gif
  • Jaxom

    Posts: 118

    Dec 09, 2012 7:29 AM GMT
    I don't go out shopping. I live in a crap town so I have to go far out of my way to get to any sort of nice stores so I'm never tempted. And I only look up stuff to buy online only after I've decided I need it, and even then I get lazy and won't do it for a while.
  • Beastmode

    Posts: 213

    Dec 09, 2012 8:03 AM GMT
    Need vs Want
  • Sportsfan1

    Posts: 479

    Dec 09, 2012 1:27 PM GMT
    I ask myself it is a need or a want. I also clip coupons and try not to buy anything that is not somehow marked down. I try to use the store brands versus the national brands that have a higher price tag. Works for me.
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    Dec 09, 2012 1:33 PM GMT
    If it's a really big purchase I usually try and get someone else to buy it for me as a present.

    Leaving debit/credit cards at home is a really good tip (especially when your out on the piss and have no willpower) but isn't always practical.

    I think the key to handling cash and not over spending is delayed gratification but again it's harder in practice.
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    Dec 09, 2012 1:42 PM GMT
    I'm lucky enough to have a financial advisor. However, I don't spend money on things that are not necessaties and I have a grasp on the concept of reality. I wish fuel was not because that's where I seem to spend the most. Hey, I believe Americans are spoiled and feel that a minimalists lifestyle is much more rewarding. icon_smile.gif just my own opinion.
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    Dec 09, 2012 1:47 PM GMT

    I just act stupid like they never exist! problem is credit card is not a problem as cash in your pocket.(thats me)

    then again lucky me I only buy whats essential and make wise on Dollar and Cost even its expensive it better HELL BE! BLOODY GOOD!... and yeah not Pride over Cost. icon_wink.gif
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    Dec 09, 2012 2:02 PM GMT
    My advice: spend a little more if you can and buy quality! In the long run you will save because cheap shit, is, well, cheap.
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    Dec 09, 2012 2:11 PM GMT
    Personal Life:
    I only use cash. I carry 200. - 300. in my wallet so I don't have to use ATM's. But it lasts me a very long time as I only buy what I need or desperately want to reward myself for working hard. Plus I get a headache when I go shopping, so you won't catch me shopping unless it's Christmas time. And you can see from my photos, I don't spend my money on clothes. icon_biggrin.gif

    Business Life:
    Exact opposite from my personal. I use my business credit card for everything as it makes my bookkeeper very happy. I keep a minimum amount in my business checking to pay business expenses, and every time the balance exceeds that amount, my financial advisor transfers it to a Simple IRA where it can earn a higher interest. I keep it in a Simple IRA because I'm looking at buying a building and need to be able to access that money quickly and without fees when that situation presents itself.

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    Dec 09, 2012 2:26 PM GMT
    I just don't spend money, I don't like to for some reason. Even when I get money from my grandpa for my birthday or a holiday, he yells at me to spend it and tries to force me. But I still don't lol, I save and have it invested.

    I never spend money on "things", but I'm willing to spend money to go somewhere. I never buy stuff, but I'll pay for an experience (like going on a tirp somewhere new, going to a game of some sort, or maybe going out to eat). But even spending money on that bothers me. I'm just a saver, always have been, always will be.