Posts by Kaz:
Saving Sunday: To buy or Not to buy
That is the question… always. “Shall I get it?”
Since I decided to be more “financially responsible” several years ago, when in doubt, I ask these questions.
Do I Must have it?
How Long will it last?
Financially feasible?
Emotionally Satisfying?
Each question has 10 points. 10 is YES – 5 is MAYBE – 1 is NO.
Usually, you don’t ask questions about necessities, like toilet paper. BUT if you started argue with your husband about what type of toilet paper you should buy, this can be used as an assessment tool.
Of course we must buy TP (10), and I like a certain kind of TP because it is so soft (emotionally 8), but my “brand TP” maybe pricey (Financially 3). Question is how long would it last? Oddly, the double rolls last longer than 99 cent store TP. So, I would give it 7. So total point for my TP is 28.
How about 99 cent store TP? Must – 10. Emotionally – 2 (for me). Financially – 10, but if it doesn’t last long (2) – It’s 24.
So the winner would be …. Brand Double Roll TP!
If you are considering buying a single item and not sure…. you can still use this.
I love scarves. I get cold so easily, and I wear them all the time, but I have a LOT of them (Must – 5). I like Hermes, Varsace scarves, (Financially 2 – expensive!) but it lasts long time (8 – never go out of style) and it makes me happy. (10). The total is 25. Since my “BUY NOW” point is 30 points, I would wait till I get some extra funds or special occasion.
Next time you are at a register – make sure to ask yourself “Do I need it?” and “How long… (temporary)” to fight off the temptation.
Think LONG TERM – save for the future and be happy!
Saving Sunday: Got an Antenna
One of many ways to save money is to reduce the fixed expenses. I often call my cellular company (Verizon) to reduce the monthly fee, while keep checking how cheaper carrier (T-mobil) signals are getting strong enough or not. We don’t watch TV. So it doesn’t make any sense for us to keep a […]
Saving Sunday – Millennials may learn from babyboomers
https://www.wsj.com/articles/with-15-left-in-the-bank-a-baby-boomer-makes-peace-with-less-1487259894 I created “save a lope” ™ to teach financial literacy to my child. The first thing was show him: We give CASH in exchange of THINGS. Money goes out of the wallet when we purchase things. Very simple. If we don’t have money, we cannot buy things. You save for things you need […]
Saving Sunday: Be boring!
“Automation” = “Autonomy” There are certain things that we have to do and get it done always, like doing laundry, paying bills, eating breakfast. Instead of waiting till have no clean clothes, have pay late fee or get really hungry that you cannot stop opening the fridge to look what’s in there, put the duties […]
Saving Sunday: Start small
“The secret to savings is knowing you have enough and stopping the voice in your head that thinks adding more will make you happy.” Imagine, at the end of the year, you will have emergency funds stashed away. You can start small ($20 a week will be $1000 at the end of 2017). To […]
Saving Sunday: This Holiday Season….
Shoppers around the country say they are planning to spend an average of $929 for gifts this holiday season, up from $882 last year according to the 32d annual survey on holiday spending from the American Research Group, Inc. Planned gift spending for 2016 is $47 above spending in 2015 and it is the […]
Planning … Sweetly
Every time I go to a market with my son, I will make a promise that he can tell me one thing he wants to get BEFORE we step in to the market. It could be a carrot, jelly beans, eggs – whatever he likes. The reason is – I am training him not […]
Think for your children…
It is in our responsibilities to teach our children (and ourselves) how to think long term. “Debt” = “Bad” the companies that provide debt, what do you think their goal is? Is their goal for you to fully understand the cost of your debt? No. So they’re basically creating these approaches to make you feel […]
We waste too much …
Food Facts California Food Waste 100 billion pounds of food is wasted per year 40% of all food is thrown away or plowed over in farms 5 billion pounds of prepared food is wasted The waste is from three categories: (1) farms, (2) restaurants and cafeterias, (3) grocery stores California Hunger Millions of people are […]
Child Nutrition class – by Dr. Maya Adam
If you haven’t taken advantage of MOOC (Massive Online Open Course) – here’s one opportunity. Unfortunately, education became so expensive for American people, but we can always find ways for self-improvement. I adore Dr. Maya Adam. She makes it very simple to cook everyday – while making the strong point of its social importance and […]