Practice Abstinence |
The "gotta-have-it" emotion is a strong one. It makes it hard for many people to walk out of a store without buying anything. Why not make a point to go to several of your favorite stores and practice shopping without buying?
When you go shopping, the first thing to realize is that you might not be able to have everything you want. That means you need to set priorities. Ask yourself, "What do I want the most?"
One trick you can try is to pick out an item that you want. Think about it while you walk around the store and look at all the other things you'd like to have, too. Soon, your mind will start to prioritize what you thought you wanted with all the other things you see. Are there other items you'd rather have instead? If you can't decide, it should be easy for you to walk out of the store.
If you don't absolutely need the item you picked out, put it back. Don't let the "gotta-have-it" emotion get in the way of you achieving your long-term financial goals.
By eliminating some of your extra expenses (latte, muffin, magazines...), over time, you will realize significant savings. This is money you can use to invest.
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