Spending money mindfully - Deepstash
Top 7 TED Talks On Customer Success

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Top 7 TED Talks On Customer Success

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Spending money mindfully

  • Leave the item for 24 hours. If you still want it and can afford it, then make the purchase.
  • Don’t let “blowout sales” tempt you. Ask yourself if you would buy the item if it were full price.
  • Check your bank balance first thing every morning. It will ensure that you are aware of how much money you have to spend.
  • Spend in cash. Handing over cash makes you more conscious of what you're spending.
  • Put a sticker to your credit card that states "Do you really need this?!"
  • Change the environments that cause you to spend.

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MORE IDEAS ON THIS

Reduce impulse buying

Before purchasing non-essential items ask yourself:

  • Can I live without this item?
  • Based on my financial situation, can I afford it?
  • Will I actually use it? Do I have space for it?
  • How did I come across it in the first place? (Did I co...

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Your relationship with money

The idea behind kakeibo is to help you understand the relationship with money by keeping a ledger with all incoming and outgoing transactions.

The difference from other budgeting systems is that kakeibo emphasizes the importance of physically writing things down as a way to observe your ...

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Kakeibo

Kakeibo

Kakeibo translates as "household financial ledger" and is a simple approach to managing your finances.

For the past 116 years, kakeibo has been effective in helping people make smarter financial decisions.

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lil_ww

"In fact, the confidence of the people is worth more than money." ~ Carter G. Woodson

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Saving versus spending

Saving money now is worth more than spending money later. This advice applies to any budget item that you could spend less on now.

Even if it is a really great deal, remind yourself that cash in hand now is worth more than an unnecessary purchase.

How to deal with your debt

Try to transfer your debt onto a zero-interest credit card (also known as a balance-transfer card). It will give you a limited time window where your debt won't accrue interest and allow you to get rid of your debt faster. But ensure you can pay it off within that window, otherwi...

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