And I thought I was the only one that did this before. During my early teen years I thought to myself that since so many people I knew kept complaining about not having enough money during times when they truly needed it that I would have to think a little different in terms of an approach on how I would spend and save money. For example, at that age people would say spend everything at once or save maybe 20% of what they got. At first I was thinking of a spend half of what you get and save the other half approach, but I thought it would have enticed me to spend money just for the sake of spending it.<\/p>\n
What I decided to do was that if there was something that I wanted to buy or spend money on which wasn\u00e2\u20ac\u2122t really necessary, whatever the cost of that purchase was I would have to put away the exact same amount in my savings. For example, if something was $50 that means I would need $100 to buy it as I would need to put $50 in the savings as well, which I couldn\u00e2\u20ac\u2122t touch afterwards. This obviously made it harder for me to make purchases and at the same time it was motivating as well as I could visually see how much money I was saving up as a result. A quick example was since I got $20 every two weeks, if something was $30 it would literally take me about 6 weeks just to be able to buy that.<\/p>\n
It helped in a lot in other ways too as it helped to prevent me from making bad impulse purchases and in a way it truly placed me in a position where when I bought something that means I could truly afford to do so as oppose to having nothing left afterwards. While I don\u00e2\u20ac\u2122t do this nowadays since it is more about return of investment and efficiency, I still carry on with the same type of mindset in terms of if you have say $1000 left and that item is exactly $1000, having zero left afterwards in my mind means that I can\u00e2\u20ac\u2122t afford it for the most part and will only buy it if I had more funds as I don\u00e2\u20ac\u2122t want to just get by.<\/p>\n
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And I thought I was the only one that did this before. During my early teen years I thought to myself that since so many people I knew kept complaining about not having enough money during times when they truly needed it that I would have to think a little different in terms of an […]<\/p>\n","protected":false},"author":1,"featured_media":8444,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[5],"tags":[5954,136,44,49],"class_list":["post-409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-management","tag-financial-management","tag-money-management","tag-saving-money","tag-spending-money"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.al6400.com\/blog\/wp-content\/uploads\/2016\/07\/above-vancouver-eye-of-wind.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6VnHC-6B","_links":{"self":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/comments?post=409"}],"version-history":[{"count":0,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/409\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media\/8444"}],"wp:attachment":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media?parent=409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/categories?post=409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/tags?post=409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}