When it comes to money, we all have different ideas about earning money, saving money and spending money. Of course, money is something that we all need to get along in life, whether it is to pay for food and pay the bills or whether it is to treat ourselves and enjoy the finer things in life. However, there are often misconceptions about money and there are a number of truths about money that are worth giving some consideration to.
Working to make more and more money can defeat the object: It is important to consider why we try and make more money. Even those who have enough money to get by want to make more money so that they can provide for their kids, provide their families with a comfortable lifestyle, spend quality time with loved ones, and do the things that they want. However, putting all of your time in to try and make as much money as possible can defeat the object, as although you may be earning more, you won’t be able to do many of those things that you wanted the money for, such as to spend quality time with your loved ones and do the things you want. Take the time to try and develop a healthy work/home ratio rather than becoming obsessed with working more and more to make more cash
Saving can be even more fun than spending: Many people love the idea of being able to spend any money that they have. However, once it’s gone it’s gone, which is something that you have to bear in mind. Saving your money can be even better than spending it, as it means that you have the satisfaction of knowing that you have money stashed away for the future and that by saving enough you can start to enjoy the lifestyle that you have been craving.
Giving in to impulses: We all give in to impulses when it comes to purchasing stuff – even if we don’t need it, as we can quickly succumb to marketing campaigns that make us feel like we have to have something that we have never even heard of before! The more we impulse buy the more we are likely to continue impulse purchasing. Learning some self control to try and curb this impulse to buy something just for the sake of it can get you out of this vicious circle.
Are money saving deals going to save you money? Most of us are guilty of buying something because it is on special offer and we revel in the knowledge that this has saved us money. However, if we weren’t planning to buy it in the first place and, worse still, don’t even need it, then it has actually cost us money not saved it.
Esther is a blogger and journalist who writes about loans, mortgages and other financial issues such as where to find a fast cash advance or how to invest safely and ethically.