With globalization, especially China, producing goods at low costs there are quite a few items that are readily available and are cheap. Problem with most of is that money is limited so before long you find yourself tapped out before the next paycheck or sale has arrived.
Money is like time. If you don’t have a plan and some focal points you will piss it away a little at a time. You should have your 1-3 activities that you are passionate about focus your time, and money, toward those. Don’t waste your money buying crap that you really don’t care about or are going to use so to help avoid that here are my tips.
- Narrow down the 1-3 things that are truly fun, important, or get your mind racing. If it is clothes, that’s fine but set a budget, buy within that budget but save for great quality articles of clothing rather than disposable clothing from a mass market retailer. For another person it could be auto-racing, horses, photography it doesn’t really matter. What matters is stop buying movies, stop buying expensive coffees, and start putting your money toward your passion.
- Have a plan. This is normally a list when shopping. But if you find yourself in a store thinking I’ve never even heard of this (and it has nothing to do with your passion) that is a sign you shouldn’t purchase the item.
- Grow up. Stop being a little child who thinks they need a little present or gift every time you leave the house. You used to have an iPod that could hold 500 songs but you feel a tug on your wallet and you think “wowee that new iPod holds 40,000 songs! Music is one of my passions and let me tell you right now that I doubt there are 4,000 good songs let alone 40,000. That couple hundred dollars to update your gadget to load the same 20 year old songs your listening to won’t sound any better and that is a couple hundred dollars less you have toward travel, photography, etc.
Almost everything today has a fast-food element to it today – and in a pinch or on the rare occasion that’s fine But grow up and be an adult and consume quantity and focus on quality.