Category / Mind Over Money

Mind Over Money

Save Money By Planning Ahead

Forgetting to plan ahead can really add up. When you buy a bottle of water at the gas station and headache medicine at the airport, you pay a premium for convenience. This means that you are spending quite a bit more than you would need to if you took the time to plan ahead. Of course, even with the best planning, little things will come up, but you can save quite a bit of money by simply thinking about what you might need later that day.

Convenience

When you head out, you know that you will get thirsty later. This is a simple fact of life. Forgetting to take water along is just foolish. You can buy a multipack of water bottles at the store for about $4 or you can pay $2 per bottle at the gas station. Which is a better deal? If you really want to save, money and the planet, buy a reusable bottle and refill it yourself. Plain and simple, when you go out, think about what you will need and take it along. The savings can really add up. Headache medicines, lip balm, beverages and snacks are perfect examples of what you need to take along when you leave the house.

Waiting to the last minute

Planning ahead doesn’t only include taking things along when you go out. It can also mean thinking about purchases in advance. If you use your last check paying the rent, you might need to pay extra for a money order or cashiers check while you wait for your new checks to come in. This is a waste of money. Instead, monitor your checkbooks and make sure you order before you run out. The same goes for paying bills, why pay extra because you forgot to make a payment on time? Plan ahead and never miss a payment again.

Patience is a virtue

Online shopping is another great example. When making purchases online it is so tempting to pay a few extra dollars to get your item faster. While this may be worth the investment in some cases, generally you are better off waiting. How often have you paid to rush something in only to leave it in the box for a few extra days because you are busy? Save the money and choose the slower shipping.

A few dollars here and a few dollars there can really add up. Planning ahead is a great way to cut expenses without having to sacrifice anything.

Are you good at planning ahead?

 

Mind Over Money

What’s Really Causing The Down Economy?

The Economy is based on how much money is being spent. So why is nobody spending?

Fear!

The TV is filled with stories that the world is coming to an end. That would make me want to save my money (and I do). If I don’t spend money then businesses don’t make money. If the businesses don’t make money then they don’t hire people. If people don’t have jobs then they don’t have money to spend. It’s a deadly cycle.

If either people stopped reading the news and watching TV we would be in a lot better shape because we wouldn’t know about the bad and would think everything is hunky dory. Ignorance is truly bliss and would help our country a lot, as far as the economy. But since people aren’t going to stop watching TV then we’ll have to think about something else.

Ninja had a good spin on the economy saying 91% of the U.S. does have a job. So how about the 91% of us that do have a job, help those that don’t by spending money. That would cause the business to make money, which would cause them to hire more people, which would cause those people to spend their money.

Sure you may be in debt up to your eyeballs, or your house may be underwater but that didn’t stop you from spending before. How did those credit cards get that much money on them? That’s right, you spent. So keep living your life like nothing has happened, spend your money and get payday loans. Eventually everything will pan out.

It’s a simple solution to a complex problem but it makes sense, doesn’t it? And then the TV will stop running stories about how the economy sucks. So lets take action and spend your money. Your country is counting on it!!!

What do you think about my solution?

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Mind Over Money

Are You A Debt Hoarder?

I was watching hoarders and became to a realization how hoarding is like getting into debt. One of the participants said “I never realized how bad it was until I went through this process” that process was getting rid of the clutter. How much debt do you have? Is it too much? Is the taking over your life? Do you feel ashamed?If you answered yes then you’re a debt hoarder if you answered no but have debt then you might want to get a second opinion.

They say hoarding is a mental issue. The same could be said about getting into debt. It’s about ignoring reality. It’s about not seeing the elephant in the room. The question is what can you do about it? How can you get out of debt and see the elephant in the room?

You have to go into the third person and look at it from an outside perspective. If you have $10,000 in credit card debt and you have no problem with that then there’s a problem that is a lot of money no matter how you slice it if you make $100,000 a year that’s 10% of your income. Why do you need 10,000 in credit card debt if you make $100,000 a year? You don’t. That means there’s something wrong. And if you have more than $10,000 in credit care debt you are a hoarder.

You need to face this debt. Stare at it in the face. Look at your last credit card statement and put it on the refrigerator. Look at it every day until you come to terms with yourself on that you have debt you shouldn’t have.

If you’re trying to pay down debt then I’m not talking to you. You found out you had a problem and are trying to fix it. I’m speaking to those that won’t ever read this because they don’t realize they have a problem. They will realize it one day when they are at their weakest and it’s almost too late. However, I do hope that they read this before then and realize they have a problem and for help.

We live in a world where finances are private and something we shouldn’t talk about. I don’t understand that because finances are such a big part of our lives that they should be talked about. If you watch hoarders then you will see how much the hoarding affects their lives. It’s sad to watch how they can’t control their hoarding and how some of them don’t succeed in fixing the problem. But seeing the ones that do change is a great story. Let that be your story. Change your life for the better because it might not be the best that it can be because you’re ignoring the elephant in the room.

Have you ever been a debt hoarder? Do you know anybody that’s a debt hoarder? How has debt affected your life?

Mind Over Money

Why Won’t Money Buy Happiness?

Big BubbleWe’ve all heard before “Money can’t buy happiness”. But why? Why can’t having everything you’ve ever wanted to buy make you happy?

Are you happy now? If not then nothing you ever buy is going to make you happy. Sure going on a shopping spree will make you feel happy in the short term but in the long run you’re just going to go back to your unhappiness once the high wears off.

What you need to do is look deep down inside and find out the root of your unhappiness and it’s not because you don’t have enough things.

I believe the best way to become happy, when you’re unhappy, is to think positive or to talk it out with someone who will tell you like it is.

Always looking at the bad side of things will make even the happiest person not happy. If you really always have to complain about something then you really need to do something else. Why are you doing something that makes you that unhappy. Instead of complaining about it, do something.

I was really unhappy with my old job and finally just got tired of complaining and looked for a new job and found it. Now I’m extremely happy and would never look back. Sure I gave up a possible promotion in the near future but I also gave up stress, which I would give up anytime.

Would you rather have modest money and be stress free or a billion dollars but would have to be stressed out everyday (and there are things money can’t stop from stressing you out so don’t let that affect your decision)? I would choose modest money all day and night. Stress is really not good for your life or your family’s life, so cut it out.

Happiness is an emotion that’s deep down inside of you. Money will make a fake happiness for a little bit but eventually the unhappiness deep down inside of you will come out.

If you’re always unhappy, try changing something that you feel is causing that unhappiness. There’s really nothing to lose because doing that will either make you happy or keep you unhappy. So you have a lot to gain and little to lose.

So take action and change your unhappiness!!

I changed jobs to become happier, what have you done to become happier in life?

photo credit: h.koppdelaney

 

Mind Over Money

Father’s Day Should Be Renamed

I'm right behind you
photo credit: LaPrimaDonna

My parents are divorced and remarried to others. When they got a divorce I chose to live with my mom. This led me to only see my dad every other weekend, if that. I never really got to be close with my dad, and I think I missed out on some great life lessons.

My Dad’s not perfect, and I need to realize that no dad is perfect. He’s always been there for me physically (ex. money) but not really emotionally with a heartfelt “I love you.” I think a lot of dads are like that, reserved in their emotions, and it’s a shame. Those three words can really mean the world to a son.

Now that me and him have grown older I’m trying to draw his emotions out more and more. And to hear him say I love you really makes me happy. And some more words that always bring a smile to my face are “I’m proud of you.”

I know today is called Father’s Day, but it should really be called Bond with your Father’s Day. It should celebrate the bond between a Father and his child(ren).

For this Bond with your Father’s Day go and throw a ball around, play a little basketball, or ask him to do something what you’ve always wanted to do with him.

So fathers out there tell your child(ren) that you love them, how proud of them you are, and give them a big hug. And child(ren) out there, give your father a big hug and tell them you love them too. You’re really going to regret not celebrating that bond when it’s gone.

Happy Bond with your Father’s Day

I’ll leave you with this heartfelt post @FrugalDad Raising a Frugal Dad: An Open Letter to My Son