Sunday, November 28, 2010

6 habits that will make you broke

Good day to you, my faithful readers, well today I'm going to share some info on "6 habits that will make you broke", the title itself may sounds negative and weird since there's probably no person would type such terms in Google except for me hahaha.. alright let us start, I'm Deideian, and I have been researching, browsing, and goggling through internet to find some tips and info about "money" and other temrs that may related to that, and finally I decided to write this; well I urge you to steady your laptop/PC and read carefully, perhaps this info can be useful to you someday..

1. Window shopping

It can be fun to browse the aisles and see what's out there. We all have our weak spots, like home goods, electronics or clothes -- even if you don't like to go to the mall. You don't even have to leave the house to window shop anymore; those catalogs, the Internet and commercials advertising the latest sale can be just as tempting.and I always do that in wherever and whenever I want to.. hehe.. but, yes there is "but", practicing
Window shopping is a bad financial habit that takes some discipline to break. Staying away from your favorite retailers and not requesting catalogs or e-mail updates from your favorite stores is a good place to start. Before buying that latest item you pine for, ask yourself two questions: Do I need it, and can I pay cash for it? If your answer to either or both is no, walk away.haven't you watch "Shoppaholic" movie? no? oh well..

2. Carrying lots of cash

You know that paying with plastic is bad, and what I mean by plactic is = Credit card or your ATM/Debit card.. aiyo.. but carrying lots of cash can be a bad habit too. Cash can give you the feeling of having extra -- fun money that's just sitting there.

Carry only enough cash for what you need, and leave the rest at home. Avoiding plastic is great, but budgeting is just as important when choosing to pay cash.
If you like the green (your money la!), try budgeting your cash with envelopes: one for groceries, one for entertainment, etc.

3. Saving your info with vendors

Those online shopping sites are so considerate to save your address and credit card information -- some even have one-click ordering buttons, so you can buy something in just a second. It's very easy and very dangerous. Not only does this easy shopping make you broke if you're prone to impulse shopping, it also eliminates the feeling of spending money, because all you do is click.and when you click, there's no way you can say "eh salah la kawan, tak jadi belilah".. hahaha
Don't allow vendors to store your credit card information. Avoid signing up for e-mails and catalogs if those tempt you to shop when you really shouldn't. It can be great to know about a sale, but if you didn't need anything, it's just another temptation.

4. Clipping coupons you don't need

We all feel the pinch in this tougher economy, especially when buying groceries. Clipping coupons is downright trendy today -- but is it really a good habit? Sure, getting 50 cents off that package of cookies or that brand-name detergent is a discount, but you may be surprised to find that your grocery bill isn't going down despite all your clipping.
The truth is that buying generic brands that are just as tasty is often cheaper; coupons can make us buy things we didn't plan for.

Start with a grocery list for the week, and then look at your clipped coupons. If you can use one, great, but try supermarket brands too for the best bottom line.for guys, get yourself a strict, nice and cute/pretty girlfriend, they can help you with your budget hahaha

5. Shopping with your emotions

It was a rough week, or a good one, or you want to reward yourself for losing a few pounds, so you go shopping. You earned that new dress, that new gadget, that big pie -- it was on sale, too. Letting your mood dictate your buying decisions is the quickest way to go broke.
Sober up before shopping. Do you need these items, and can you afford them? Be honest with yourself. Reward yourself by doing something that doesn't cost, like taking a nice bath, or spending time with loved for me, I always go to Bintang Plaza--> Popular bookstore for some leisure, and that "leisure" cost me money.. get it?

6. Not planning ahead

It's Tuesday, you're tired, and you have no idea what you'll make for dinner. A great night for takeout, right? Using data from the Bureau of Labor Statistics, it's estimated that the average family of four spends more than RM4,000 per year on eating out (WHOA!)-- a very expensive habit that will make you broke in a hurry.
When you make your grocery list, make a menu for the week at the same time, so you always have ingredients for a meal. If your week is hectic, try cooking on Sunday and freezing meals for the week. Plan for lunches the same way; not only will you save money, you'll eat healthier by avoiding fatty restaurant food.

The bottom line

It takes some discipline to break these bad habits. With some planning, restraint, and avoiding tempting situations, you can break these habits -- and maybe even find you have a little extra cash at the end of the month.remember, It's not the Money that controls you, but it is You who controls the money.. farewell

Disclaimer - most of the content I get it from several sources from internet and re-write it in my own way, thank you Investopedia, wikipedia, and etc..


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ah~ comment if you like this post, i would like to read your respond in order to create more exciting topics in future ehe...^^

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