If you are a person of thrift, you do not engage in
recreational spending, or buy things you cannot afford. If you want to reign in your spending, the easiest way to do
it is to think of items you want to buy in terms of time. Time is money...and
money is time.
Look at the price of the item. Then calculate how many hours of
work it would take for you to buy it. Let's say you (or your spouse) have a job
that pays $15 an hour. You are considering buying a picture for your home that
costs $90. Is that picture worth working 6 hours of work to buy it? This
little touch of reality is a really good way to avoid frivolous buying.
some additional frugal tips to help control
- Never buy anything without
thinking about it overnight.
- Always discuss purchases over
a specific dollar amount with your spouse.
- Stop all sales brochures and
catalogues from being delivered to your home.
- Know the difference between
"wants" and "needs" and limit your spending to "needs."
You can still shop, but spend your money and time on gifts and the like.