Dealing with money matters is not really an easy thing to handle. Everyday, we actually deal with “to spend vs. not to spend” issues. And more often than not, the first option wins. Whether it’s a luscious ice cream from the mart, a nice dress we see in the boutique, or a book on sale, we usually give in to our personal wishes and refuse to heed to what our conscience dictates us.
Well, yielding in to your personal cravings is not really a bad thing. However, it becomes such when you spend more than what you can afford that you even go to the extent of borrowing money. This makes the issue of either to spend or not all the more fired up.
As you deal with money matters, you have to seriously contemplate on the idea of whether to spend or not. You have to consider some factors before finally deciding which road to take. And as you take time to ponder, you might want to ask yourself these questions:
Can you afford it?
This is the first question that you have to ask yourself. If the price of the item—whether it’s a lucrative want or a need—is within your budget scale, then you will not have any problem with proceeding with the next questions. Now, if you cannot afford it, then think some more.
Do you really need it?
Assuming you can afford the price, you have to determine if you are buying it out of a simple want or you really need it. If it’s the first option, maybe you can let it pass for now and save your money for other things necessary. But if you really find it a necessity, then proceed on with the next question.
Are there other alternative items?
This isn’t really a compulsory but just an added option for you just in case you are going tight on your budget. If there are alternative products that work the same way as the product you wish to buy but costs lesser, why not go for them?
To end, dealing with money matters could be tricky at times. But with proper management of your personal finances and a dose of some money saving tips, you will find yourself living with ease.