"Lookit, I've done it their way this far and now it's my turn. I'm my own handler. Any questions? Ask me... There's not going to be any more handler stories because I'm the handler... I'm Doctor Spin."Dan Quayle
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Developing Independence In Our Children
Few things about raising my children scare me more than balancing the need for security in today's world and teaching them to grow up to be independent women. Independence is a vital and exciting part of growing up. Allowing them to develop pride in their ...
Hype Makes The World Go 'Round!
Human beings are a fickle species. We're always looking for the next new and exciting thing to do, eat, see, work at, or whatever. We never have been satisfied with leaving things as they are. I'm sure you'll agree to that, but have you ever thought ...
Teaching Teens the Value of Money
It isn't easy raising teens in today's materialistic society. The older they get, the more expensive the things they want or think they need. If they don't learn how to manage their money at a young age, they won't be able to make it in the real world. ...
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Impulse buying is simply defined as making an unplanned purchase.
This can be an extra pack of cookies when grocery shopping or
buying a car on a whim. Most of us are guilty of this at one
time or another. Even though the term is simple, it probably
accounts for the majority of money problems family's have.
Planning a purchase of any kind is absolutely necessary if you
intend to use your money wisely. That extra pack of cookies I
mentioned isn't going to break your budget, but with the prices
of groceries today, it doesn't take too many items to put a
dent in your grocery allowance. However, buying a car without
prior planning can get very expensive. Besides the obvious
things like finding the best purchase price and interest rate,
down payment, money for taxes and license, etc., you need time
to decide which car is right for your family.
The below list of tips may help prevent impulse buying:
If you see something you like, leave the store without it. Go
home and look at your budget. Then if you feel you can afford
it, go back. In addition, this will give you time to think about
whether you really need it.
Always go to the grocery store or dollar store with a list.
Buy just what is on your list. If you see items you would like
to have, make a note to put them on your list for your next
trip.
Always consider the entire price of an item before buying. In
my state, if you buy a car that costs $20,000, you have to pay
about 7% in sales taxes within 30 days of the purchase. That
$1400 may not be that easy to come up with.
I know that the above ideas takes all the fun out of spending
your money. Planning and budgeting are about as dull as watching
grass grow. However, a family that budgets their money and plans
purchases, will no doubt be able to make more purchases and feel
much better about it.
About the Author
Terry Rigg is the author of Living Within Your Means - The Easy
Way http://www.homemoneyhelp.com/ebookadpage.html and editor
of The FREE Budget Stretcher Newsletter and Budget Stretcher
web site http://www.homemoneyhelp.com. He has 25 years of
experience counseling individuals and families concerning their
personal finances.
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Tax caution: Don't invest out of allowancesRediff, India - Oct 6, 2008Salaried executive receive various types of allowances from their employers. As per the Income Tax Act some allowances are exempted, others are liable to ... |
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