The bottom line of any budget is that you simply cannot stay above water if you spend more than you make.
The best deal is $0
A product is only a good deal if you need it (not want), plan for it and save for it prior to purchase. A couple of days ago I was on the way to dinner with my team from work (paid for by the company, don’t worry). As we walked across the parking lot I saw a couple of clothing stores and in the moment thought to myself, I could use some new clothes. As I got closer to the window I saw a sign, t-shirts for $5. Cheap right? I agree, almost thrift shop prices yet this was a decent clothing retailer. Who could pass it up. Honestly, I probably wouldn’t have if I hadn’t read Tere Stouffer’s book, The Only Budgeting Book You’ll Ever Need. It helped me realize three things:
- I didn’t need new clothes.
- I didn’t plan for new clothes.
- I didn’t save for new clothes.
What did I do… walked right by. I successfully stuck to my budget and got the best deal. This seems simple as you read it but I’m sure many can attest that it is not. Remember that Items within the context of your financial goals are OK. The rest of the deals are not deals.
The Art Of Adaptation: Deals are usually not deals.
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