Two weeks ago, I was contemplating of buying a new laptop. The laptop I wanted to buy was on sale for 0% interest in 12 months, original price is slash up to 5k plus freebies (additional 1 gig ram, mouse, USB prepaid kid for wireless connection). If I add 3k or 5k, I would get a vista basic or home OS included in the package. Good thing, LA got a free trial of Windows Seven from a Microsoft seminar so I could use it instead of buying a new OS. Okay then, everything is set so I decided to buy after the cut-off of my credit card. To make the story short, something came up and I decided not to hehe. Although the offer is good, I told myself that there would be future offers, which might be much favorable. In fact, laptop is not my necessity for now and I still have my desktop computer working properly.
Being an impulsive buyer, I tend to buy things that are not important. I was once a shopaholic who cannot resist if I pass by on a stall offering a product that are on 50% off (believe me even 5% off I sometimes gave in) or tagged with a buy 1 take 1 promo. I rarely go to Greenhills or Tiangge. Why? Because every time I see the word SALE flashing, I would end up buying on that stall. I know that this is already a sickness. Everything that is excessive is sickness and I really wanted to get over it especially when I run out of my budget hehehe. I did not come to a point yet where I can no longer pay my bills because of dept but I wanted to get a cure before it can happen.
One day, I have made a list of those items that are important and needed on my monthly expenses. For example, I decided to stick to one brand of facial wash, soap, lotion and etc. I have two to three brands of facial wash before when I only use one. The excess just clutters my bathroom and expires after a year or so. I also made a list of my monthly payables so I will know where my money goes and how much money I could save. This helps me a lot especially when going to the groceries. I only buy those that are only on my lists. If it is not on my lists, I ask these questions:
1. Do I really need it? (It also helps me to decide when I walk away from the area where the item is on sale.)
2. Am I still within my budget if I buy it? (or if I really need to buy it, I checked if I could tap the cheaper ones instead of the expensive brand)
It really helps me save when I analyze the items that I need to buy and not being blinded of those that are on bargain. This is more of a SELF-CONROL and MIND OVER MATTER attitude that I need to practice. I read this from one of the money wise books “It isn’t a bargain if you don’t need it”. Very true and this becomes my shield whenever I saw the word “SALE”, “Buy 1 take 1” flashing on me. It did not change me in a day but it did change me little by little.
Now, I am learning to save for the future. I am trying the formula of 70-20-10. Living within the 70% of my income, 20% goes to the savings and 10% belongs to God as tithe to the church. Someone says that if you invest on bank, you get 2 to 5% interest annually but if you give to God, He promises a hundred fold blessing.