Learn more about moneyandinvestments with this collection
The impact of opportunity cost on personal and professional life
Evaluating the benefits and drawbacks of different choices
Understanding the concept of opportunity cost
"Having to spend money all at once can be painful. But paying yourself, little by little, helps to ease that"
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MORE IDEAS ON THIS
The key is to save small amounts over relatively long periods of time so that you can then buy the things you want without any guilt or worry.
Computers and phones, for example, are two staple items that most of us tend to buy regularly. That means we can ...
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455 reads
If you want to buy anything, you first need to know how much it’ll cost. Most stuff will have a fixed price, but some things may fluctuate in price. If that’s the case, figure out a ballpark range for whatever it is you’re trying to buy.
At best, you’ll have exactly what yo...
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303 reads
Once you set up your savings goals, chances are, you won’t even notice the money getting pulled from your checking account on a weekly or monthly basis.
You just need to do the hard part of setting up your automated savings.
To do this, you'll want to use an app or bank accou...
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317 reads
The best way to think about this step is to figure out when you’ll need to make your purchase, then divide that time period into months or weeks.
For example: If you tend to spend about $1,000 on a new phone every two years. If you do the m...
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257 reads
After completing the above three steps, the day will come when you can buy the thing you want, completely guilt-free!
There’s another added advantage with saving for the things you want to buy. Sometimes, you’ll find that the thing you thought you wanted so badly isn’t some...
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269 reads
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When we invest in ourselves and spend less time on entertainment and consumerism ideals, we can actually build a more stable career.
With our free time we can start a side business, learn how to make money work for us instead of us working for money. By having multiple str...
Many people are motivated by guilt and peer pressure to spend their cash when they don't really want to.
Save money by paying it forward instead of paying for something because you feel pressured to.
YOLO Spenders will spend it all, happily.
“You Only Live Once,” they tell themselves.
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