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Frivolous Spending
- The short-term decisions, impulsive buying, and the "I want it now" mindset is hindering every progress we make away from achieving our financial goals.
- We constantly spend on things that have little to no value for ourselves, such as lattes, daily pizza dinners, and even beer.
- We aren't consciously thinking about our money and the repercussions of each and every single choice we make.
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The Concept of Frugality
Being frugal is being economical with your choices in food and/or money. It is often correlated with being thrifty. However, frugality isn't a sustainable choice for many since plenty of people have difficulty changing their "I want it now" mindset.
Although being frugal ...
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Conscious Spending
The people who are aware of this method are able to achieve their financial goals without much stress and still spend on the things they love. Here are the things they do:
- Sit down and extensively think and detail their expenses and where they plan on spending their ...
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CURATED FROM
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Total food specialist. Friendly webaholic. Coffee fan. Proud analyst. Tv expert. Explorer. Travel nerd. Incurable beer advocate.
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Stay Disciplined
A successful poker player constantly plays a high standard, and does not make impulsive decisions. A long-term discipline in a career path builds one's wealth, supported by one’s past success.
A single wrong decision can demolish one’s reputation and credibility.
Create a Daily Routine
Try incorporating important elements like planning, daily workouts, personal study, and positive affirmations into your daily routine to see maximum results.
Get up at the same time every single day to start off your daily routine -- and make it your choice. Write down your short-...
Minimalism and Financial Wellness
Financial wellness is about recognizing our financial situation and our relationship with money so that we can make rational decisions.
Minimalism by nature propagates buying less and being able to live on less money. This can make us get out of debt, get ahead financially, and give ...
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