Spending mindlessly is a sure-fire way to wreck your budget. One way to ensure you don’t overspend on stuff? Decide how much you’re willing to pay for something before looking at its price tag.
Lifestyle blog Yes and Yes recommends this simple tip:
When you see something you want to buy but don’t necessarily need … Think about how much you’d be willing to pay for it before you look at the price tag. There are many times when I’ve thought “$7” and turned over a price tag that read “$35.” But occasionally you’ll find things you’d pay hundreds of dollars for that only cost twenty bucks!
While the idea seems obvious, you can create a rule based on it and vow not to spend more than a set amount. This way, you’re not just thinking about the price; you’re creating guidelines for your spending. It’s still simple, yes, but easy rules like this make frivolous spending a little more mindful.
MY 5-SECOND MONEY SAVING TRICK | Yes and Yes via Rockstar Finance
Photo by Victor