What can you say about your financial state
last 2015?
The answer to this question can help you
get an overview of what you want to achieve financially this 2016 based on
actual personal instances and figures. Did you hit your savings goals? Did you
decrease your credit card debt or loan payments? Did you wish that you achieved
more last year?
Reflecting on the past year and taking
action can help you reach your financial goals for 2016 with more objectivity
and effectiveness.
1) Make
“planned” impulse buys
Seat sales? Sales on every corner of the
mall at all months of the year? That’s what gets most of us to make impulse
buys because we think we will be getting a great deal from it.
A great way to leverage these kinds of
savings as well as satisfying that adrenaline of getting the most bang for your
buck is to plan your impulse buys.
How to do it:
Set a budget you are willing to spend for
leisure for the whole year. Plan your destinations in advance with the time
frames so when you get hold of a seat sale, you can gauge if it fits the plan
you made for the year. If yes, go for it! If not, check out other couriers on
their seat sales.
2) Cut out
on unnecessary subscriptions
When you find an interesting product or
service, they usually give you a one-month, no commitment FREE subscription.
The operative word being free, we are lured into getting on free subscriptions.
The psychology behind this is beyond the utility of the product or service, we
develop an attachment to any possession we have over time. This is why most
people give an overestimate of selling price when selling their pre-loved
items.
