| Beware of your Habits
If you live in the C.S.R.A, and watch the news, you may have heard that Bass Pro Shops and Cabela's will be opening stores up in Augusta, GA.
Now I enjoy the outdoors some and learned a lot about how to spend more
than I made at theses places with their catalogs in the past! When I
heard the news about the physical locations coming to Augusta, I thought
wow that will be better if I ever need to buy anything from them I can
just go by and pick it up. It made me ask the question do I spend more
when I buy online or when I am at a store. Also, do I spend more when I
use a debit card or cash? How about you, which one of these situations
cause you to spend more? I tend to spend more when I shop online and
use a debit card. Think about it, there is no feeling of "loss of
money" when you use a debit card, or a credit card if you use one, and
buy online. The merchandise comes days later when you shop online and
no cash is missing from you instantly. Oh and I remember the thrill I
would get when there was a package at the front door when I got home
from work!! We can also get addicted to that feeling and this will cause
us to spend more too. When we spend cash they say your brain registers
it as pain when we hand our cash over. I believe this is true because
it hurts when you break a 100 dollar bill! Also, statistics show that
we spend 18% more when we use a debit card or credit card. I have told
this lie to myself before, I will pay off the credit card when the bill
comes in. Most people never pay them off when the bill comes in, and
credit card companies knows this. Marketers and creditors are sharp!
Retail stores make it as easy as possible for us to pay them. In some
places all you have to do is wave your card or your cell phone to pay.
These things make us think we dont spend as much as when using a card.
If I go to a store with a certain amount to spend I will look and
shop till I get my price, then I spend that amount, and I am done. If I
am shopping online I tell myself, I cannot just order one thing and pay
all that shipping for one item, why not buy this other thing to make it
worth the time. We need to ask ourselves these questions; what causes
me to spend more? What do I need to do to stick to my budgeted amounts?
If people can make monthly payments they can make payments to their
savings accounts and pay cash for things. Remember children do what
feels good and adults devise a plan(budget)
and follow it. Another thing that will help you is to not use a
credit card and use a debit card instead. You are forced to keep up
with your balance verses a credit card. So get your plan ready for back
to school shopping and the other things for the last half of the year.
Remember to check your habits.
Quotes for thought:
Give
yourself to prayer, to reading and meditation on divine truths: strive
to penetrate to the bottom of them and never be content with a
superficial knowledge. David Brainerd
America is a land of taxation that was founded to avoid taxation.
~ Dr. Laurence J. Peter
The
American Republic will endure, until politicians realize they can bribe
the people with their own money." Alexis de Tocqueville, (1805-1859)
There is not a lot you can do about the national economy but there's a lot you can do about your personal economy. - Zig Ziglar
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