Saving Money
People are nervous, should we keep trusting the banks or should we go back to the old days and keep our money at home?
What is the answer.
There is a difference between spending money and spending money wisely.
We’ve been brought up in a consumer world, aquiring our lcd screen televisions, luxurious cars and beautiful homes and receiving a letter in the mail informing us have we forgotten about the bank.
The Global Financial crisis of 2008 has made people realise that something needs to change and raised awareness of world debt.
I’ve been taught to only buy within your means and save the rest.
The best things in life are free or so the saying goes, we don’t always need those luxury items regardless if we are young or old.
However, life pressures get to us and it gets harder and harder as we go along and that cash card saves the day to purchase that nicety to live comfortably, or so you think…
So ask yourself, what do the wealthy do?
They use credit cards but why aren’t they are debt?
Well, they may be in debt to a certain degree, but this is referred to as ‘good debt’ and is managed properly.
Credit cards are simple tools used by the wealthy whereas the poor use them as instant finance and this is where we, as a country go wrong.
We have created this mindset of using utilising else’s money to stroke our own greed and not using our own.
More or less, to have now and pay later.
Sure, credit cards are great – in fact, they are one of the best tools you can use, however many aren’t taught this and get swooped into spending what’s not theirs.
To some, money is worthless but what it represents, makes our world go round and until you inhabit the fact that money means nothing, you will always be emotionally attached, therefore money controlling you and your life.
So what do I suggest:
* Spend what you can afford – never overbuy
* Don’t skimp on important necessities like fresh fruit & vegetables.
* Think abundance, believe everything is within your grasp but don’t be greedy
* Put money aside when you can but don’t be a scrooge.
Enjoy your money and relax at the same time. For some it can create a sense of satisfaction but we are all different.
Taking all your money out of the bank may not be the best thing to do at the moment.
Our Australian banking industry & economy is strong by all regulations that have been put in play over many decades. Let’s say that everyone took their money out of the banks at one. Not hard to guess that the results would be catastrophic to the economy?
At the end of the day, you will do what you want though I would recommend just thinking about your current situation. Sit down outside, enjoy the sun and fresh air and think of what to do next.
Sometimes acting by emotion can lead to errors in judgement…