When I went to the luncheon meeting last week, I was able to learn a bit more about saving money and setting different goals. Most of my goals are set for long term, but there are always a few short term goals. For example, one of my long term goals is to save money for a car some time in 2012. My short term goals involve saving money for birthday and other holiday gifts for my friends and family.
I learned about how to save properly, for instance, to bring only the amount of money that I want to spend, and if I am using a credit or debit card to set a goal to not spend over a certain amount.
I also learned ways to prevent myself from getting the urge to spend money on things that I want more than need. I need to ask myself whether I need the things, or if it is only something that I want. For example do I really need that Robin Hood DVD from BBC (YES), or is it something that I can live without (OK I guess this would be the right answer so we’ll go with this one). It would be nice to have and I can survive without it, so I have to put it on my birthday or Christmas wish list.
I also learned that I should also try to find cheaper gifts that are just as good to give as well as receive. Cards are a good example of this. How many times does a person receive a card to only throw it away a few weeks later as to not clutter their space? If it’s a really special occasion such as a wedding, or a birth, then it is fine to buy a more expensive card to give out. Otherwise, I found that it is ok to give the fifty cent cards because it means just as much that you gave one in the first place.
Now that everyone must think that I am very cheap, I would rather be thought of as thrifty. This thriftiness will help me in the long run, and comes in handy when I am a little low on cash.
- Lynda
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