Don"t Buy Yourself Into Debt
The one fact about us humans is that we are never satisfied.
If asked to list all we want, we would find out that the list would be endless.
We would continually ask nature for an extra sheet to continue the endless list.
And once we have money with us, whether in cash or card, we are set on for the spending spree.
One thing we can never get tired of is buying and if not put into check may make us become indebted to people or organizations.
Buying or spending can really make us slaves to debts, causing us to seek for debt consolidation.
So to prevent such you need to nib it in the bud.
I would list some things or situations that make us buy or go spending and will discuss alongside how we can minimize it.
The things/situation that make spend more or that we buy more are: Buying Things we don't need.
Most times we buy things that are very extravagant - things that we don't really need or things that are too expensive for our income.
They are expensive in the sense that they are in improper proportion with our income.
Take for example, my friend James bought a Blackberry phone for $330.
99 when his income salary before tax and pension contribution is $414.
33.
He spends $5.
33 a day on transport and feeding.
Multiple that by 30days in a month you will find out that he spends $160 a month and is left with about $200 if you now consider tax and pension.
This shows that he has finished most of his savings in the previous months, i.
e.
if he saves much at all, and in no time has send himself to a ground state of zero if not in the negative.
Some buy a bigger and higher computer, Plasma TV, etc when what they need is one with a smaller configuration and size relative to their income.
Others go for first class airline tickets when what they need is an economy flight Before buying anything, make a list of the brands available and check out the configuration and price and compare them to the exact basic features that you need them for.
Sometimes going for a not too known product could be better.
Some of such products are even manufactured by the same big brands just to create competitions or hype for the big brands and also to still control the market share.
This way no debt consolidation company will ever knock on your door.
Buying Used Things without Warranty Buying used things is good but not all the time especially when they don't have any form of warranty on them.
Yes it is economical to buy them but have you considered why most of them are sold in the first place.
These items could have really be heavily worn out but with a flashy and polished surface they tell you it has not been used for long or that it's in perfect conditions.
Items like electronics, cars, machineries and what have you may appear very cheap compare to the new ones or those with warranty but in the long run the money you spend on them will match, if not surpass, the money you think you are saving initially.
It is advisable to buy these things as new products but if you must buy at fairly used stores buy the ones with warranty, at least they give you some rest of mind and save you some extra cost as you know you can take it make if it misbehaves.
Buying Dead Investments It's good you invest your money in case of the rainy days.
Getting a good investment is the main issue here.
Whether it is a real estate property, shares or even FOREX and other online investments, it is advisable you know the basic of what you are buying.
You just don't buy a share so that you can call yourself a shareholder of XYZ Plc, no! You must have knowledge of the working of that company or property value in that vicinity.
People are out there to make money either by hook or by crook provided some fools are ready to pay for "nothing".
Stockbrokers make money whether you make a gain or a lose, so you just have to be careful before you part away with your money.
Some or all of these may be your way of spending.
If you don't checkmate it, it may put you in a big debt condition which can make you to begin to look for debt consolidation means and/or methods.
If asked to list all we want, we would find out that the list would be endless.
We would continually ask nature for an extra sheet to continue the endless list.
And once we have money with us, whether in cash or card, we are set on for the spending spree.
One thing we can never get tired of is buying and if not put into check may make us become indebted to people or organizations.
Buying or spending can really make us slaves to debts, causing us to seek for debt consolidation.
So to prevent such you need to nib it in the bud.
I would list some things or situations that make us buy or go spending and will discuss alongside how we can minimize it.
The things/situation that make spend more or that we buy more are: Buying Things we don't need.
Most times we buy things that are very extravagant - things that we don't really need or things that are too expensive for our income.
They are expensive in the sense that they are in improper proportion with our income.
Take for example, my friend James bought a Blackberry phone for $330.
99 when his income salary before tax and pension contribution is $414.
33.
He spends $5.
33 a day on transport and feeding.
Multiple that by 30days in a month you will find out that he spends $160 a month and is left with about $200 if you now consider tax and pension.
This shows that he has finished most of his savings in the previous months, i.
e.
if he saves much at all, and in no time has send himself to a ground state of zero if not in the negative.
Some buy a bigger and higher computer, Plasma TV, etc when what they need is one with a smaller configuration and size relative to their income.
Others go for first class airline tickets when what they need is an economy flight Before buying anything, make a list of the brands available and check out the configuration and price and compare them to the exact basic features that you need them for.
Sometimes going for a not too known product could be better.
Some of such products are even manufactured by the same big brands just to create competitions or hype for the big brands and also to still control the market share.
This way no debt consolidation company will ever knock on your door.
Buying Used Things without Warranty Buying used things is good but not all the time especially when they don't have any form of warranty on them.
Yes it is economical to buy them but have you considered why most of them are sold in the first place.
These items could have really be heavily worn out but with a flashy and polished surface they tell you it has not been used for long or that it's in perfect conditions.
Items like electronics, cars, machineries and what have you may appear very cheap compare to the new ones or those with warranty but in the long run the money you spend on them will match, if not surpass, the money you think you are saving initially.
It is advisable to buy these things as new products but if you must buy at fairly used stores buy the ones with warranty, at least they give you some rest of mind and save you some extra cost as you know you can take it make if it misbehaves.
Buying Dead Investments It's good you invest your money in case of the rainy days.
Getting a good investment is the main issue here.
Whether it is a real estate property, shares or even FOREX and other online investments, it is advisable you know the basic of what you are buying.
You just don't buy a share so that you can call yourself a shareholder of XYZ Plc, no! You must have knowledge of the working of that company or property value in that vicinity.
People are out there to make money either by hook or by crook provided some fools are ready to pay for "nothing".
Stockbrokers make money whether you make a gain or a lose, so you just have to be careful before you part away with your money.
Some or all of these may be your way of spending.
If you don't checkmate it, it may put you in a big debt condition which can make you to begin to look for debt consolidation means and/or methods.
