Buy quality - Deepstash

Buy quality

Poor people buy cheap clothes that have to be replaced much more often than the more expensive clothes rich people buy. In the end, poor people spend more money.

Buy quality.  Spend the most on the things you will wear the most. Take proper care of your things too, so they last longer.

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MORE IDEAS FROM It's About Time You Stop Wasting Money

Measure your expenses

Take a hard look at how much you are spending day to day. Every time you spend money, write it down as it happens in a little notebook or log it into an app.

Alternatively, use the envelope method. Make an envelope for each of your non-fixed expenses, like groceries, clothes, entertainment and budget a certain amount of money for each envelope. When an envelope is empty, you have no more money to spend until the following month.

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You Can Cook

If you can read, you can cook. If you can read and cook, you can use meal planning and prep to save time, money, and improve your health.

Base your menu for the week on two things: what you already have in the house and what is on sale at your supermarket.

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Get a cheaper living situation: Live in a smaller house that needs less stuff to fill it or get a roommate.

The personal finance rule of thumb is to spend no more than one-third of your income on rent. 

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RELATED IDEA

Cheaper clothes usually mean cheaper material and bad resistance. But quality doesn’t have to be expensive. You can find secondhand quality clothing items in special stores or online.
Just don't use the quality excuse to spend even more on stuff you don’t need.

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Brand name products

You don’t have to spend money on the big brand names.

Your local grocery or drug store might have a store brand or sell a generic version. In most cases, the ingredients are pretty much identical.

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Common investment questions

Two of the most common investment questions are "what do you invest in " and "what are the best investing strategies"?

The best investing strategies are where you can maximize your return while minimizing the risk.

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