This week the Wall Street Journal reported that an average individual in the U.S. spends about $30,000 on everything from groceries to entertainment. That’s a huge amount of money, and it continues to rise. The Journal reports that each of the top four personal finance “rich” countries spends two of the top four percent of their income on personal-finance items. I am not one of those four percenters. My personal finance is very simple.
If you have an average amount of money to spend each month, you probably have enough to pay off your mortgage and enjoy a nice lifestyle. But what about those people who spend, say, $3,000 a month? Well, they don’t have that much money or that much credit cards to spend it on. Their budget is already in line with the average American, but their spending habits aren’t.
This is where I would advise you to start, or at least have a list of the things you spend money on. If you are spending three times as much as the average person, you should probably be reevaluating how you spend your money. I would also suggest looking into investing instead of just buying things with credit cards. The problem with being conservative with your spending is that you can end up spending more than you have in your budget.
There is no real way to truly balance your budget, but it’s not too hard to find out which of your spending habits are the most costly. It can be hard to figure out what really needs to be cut and what isn’t, but there are ways to do that. One of my favorites is to spend more on things you know you should be spending more on.
Personally, I love spending on things that I think are important or valuable. I know that going to WalMart once a week to pick up some cereal is a pretty bad idea for me, but I know that I should be spending that money on something I know is important to me.
One of my favorite things to do is go to a store that I know I should be spending more money on. I usually go to a market place or a flea market or something like that where I know I should be spending more money on. Instead of spending $4 on a $3 toy that I know I shouldn’t be spending money on, I will spend $3 on a $4 toy that I know I should be spending money on.
So I’m going to go ahead and buy a 4 toy because it seems like I already spend too much money on the 3 toy that I know I should be spending money on.
The problem with this is that you’re not really spending money on the 4 toy. You’re spending money on that 3 toy. But if you were going to put money in the 4 toy, you would spend money on that 3 toy, too, so you end up spending money on the 3 toy that you didn’t really spend on the 4 toy. It’s like you’re spending money on 3 toys that you never really spent money on.
But you don’t have to. A little forethought can save you a ton of money when you actually want to buy that 4 toy. Just buy the 4 toy, but set it up to be a money-saving stopgap if you don’t actually spend money on it and don’t set up your 4 toy to be a money-saving stopgap. Just buy the 4 toy, set it up as a stopgap, and forget about it.
So my new toy is a video game, and my old toy is a video game.