Resist the temptation to fill the pockets of these inefficient, overmarketed retail shops. Here is what you are doing when you spend on non-essentials, specially shoes, jewelry and clothes.
1. You are sending jobs abroad
2. You are paying after-tax dollars, so the $30 shirt actually costs you $40.
3. You are paying retail dollar---and paying way over what the stuff is worth. At least wait for a "real" sale, not the fake "50% off". Believe me, it is 50% off because there were no suckers at full price, so don't be a sucker at 50%
4. You are overpaying for branded goods---putting money in the pockets of already filthy rich sports jocks and fake-everything celebrities.
5. You are taking money from your family---maybe your children or your spouse
6. Feel like eating out and paying $40 for a bottle of wine that should cost you only $10? Join a cooking group, or go to a joint that lets you carry your own booze.
2006-06-29 08:19:38 · 7 answers · asked by paanbahar 4 in Business & Finance ➔ Personal Finance
This is in no way a question.
2006-06-29 08:23:47 · answer #1 · answered by wrathpuppet 6 · 0⤊ 0⤋
Strike a balance.
Live below your means, but do not deprive yourself of things that you need or give you real pleasure.
Just think of it like this:
Add the amount of time you work, driving to work, getting ready for work, and everything you do that is work related. This is your REAL work time.
Then take your NET PAY and subtract all the expenses you need for work, like work clothing, gas and wear and tear on the car, etc. This is your REAL pay
Now divide the Real pay by Real Work time. That is your true hourly wage. Odds are, it's only 1/2 or a 1/3 of what you think of as your hourly wage. That's the number you use when you buy stuff.
Example. You make $25 per hour, but your real pay is only $15 per hour. Suddenly, that $300 purse is now equal to 20 hours of your life working, vs. 12 like it was before. If that purse will give you enough satisfaction to justify spending 20 hours of your life earning it, then go for it. Otherwise save that $300 for something that will give you enough pleasure to justify those 20 hours of work.
2006-06-29 18:38:26 · answer #2 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
I agree with the consensus... I love to spend money. I don't care if I need the item or not. If I like it and have the cash (Not Credit) I buy it. The item could be domestic, imported or home made. I don't care. I'll die broke, but content. You did not pose a question, you certainly could have.. Go out and buy yourself a nice overpriced shirt, a $250.00 pair of jeans (they exist+++) and then go out to a restaurant and order the very finest bottle of whatever and the priciest item on the menu that you think you would enjoy...LIVE IT UP!!! Tomorrow is not gonna come!
2006-06-29 15:54:47 · answer #3 · answered by ••Mott•• 6 · 0⤊ 0⤋
Gee, that's too bad. My son always says that he's never seen a Brinks truck following the hearse to the cemetery.
2006-06-29 15:22:33 · answer #4 · answered by Darby 7 · 0⤊ 0⤋
My advice to you, do not give unsolicited advice. It is rude! LIVE A LITTLE! Spend some Money! Your family will probably like you better.
2006-06-29 16:02:36 · answer #5 · answered by bkhhmom 2 · 0⤊ 0⤋
well firstly i dont spend dollars i spend pounds
secondly this is not a question
thirdly you are a homophobic
2006-06-29 15:25:28 · answer #6 · answered by Anonymous · 0⤊ 0⤋
You have a very strange way of thinking!!!
2006-06-29 15:34:27 · answer #7 · answered by pennylane 2 · 0⤊ 0⤋