Dear Readers ...
This month's guest contributor here at Debt-Free Family at Suite101.com is Gary Foreman, editor of The Dollar Stretcher newsletter and web resources.
Enjoy!
Simply Yours,
Debi
Contributing Editor, Debt-Free Family at Suite101.com
Editor, Simple Times ezine
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THE TEN SECRETS TO ATTRACTING MONEY
by Gary Foreman
mailto:gary@stretcher.com
Are there really secrets to attracting and saving money that most people don't know? Probably not. When you get right down to it, most money management concepts are centuries old. But, sometimes it's worth our while to refresh our memory of what we already know to be true. So with that in mind, here are the ten secrets to attracting money.
- Allergic to money. Some people act as if they're allergic to money. They wouldn't tell you that, but just look at how they act. No sooner do they get a raise or promotion than they find something to buy that will consume the extra income. The final car payment is a signal that the car is no longer any good and it's time to start shopping for a new one. Any inheritance or windfall will quickly disappear. No, they don't start sneezing or break out in rashes, but you can bet that they won't be around money too long.
- The Devil made me do it. Who makes your buying decisions? If you ask some people why they bought a new TV or car, they'll tell you that when they saw the ad they just couldn't help themselves. Or perhaps that 'everyone else drives a Super Speedbump'. What they're really saying is that they don't have control over their credit cards. They lack the ability to decide NOT to buy an item. You receive hundreds of urgent 'buy' messages everyday. Are you big enough to say 'no' to all of them?
- New and Improved. But is it really? Take your car as an example. What do you need it to do? It's supposed to get you and whatever you're carrying from one place to another safely and reliably. Just because a car is six or even twelve years old doesn't mean it can't accomplish the job. With a reasonable expenses for maintenance, most can. If you're buying because of styling changes, be honest with yourself. You might avoid car payments for a year or two.
- You deserve a break today. Most of us work pretty hard. And it doesn't take much to convince us that we're worthy of a special treat. After all, I'm a special person! But, when we give ourselves treats on a regular basis, they no longer satisfy. They become a habit and lose their appeal. A better system is to reward yourself for reaching a goal. When you've saved $1,000, go out and purchase that $200 gadget. You'll be motivated to achieve more and the rewards will be that much sweeter.
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