Keys to Healthy Spending Habits

If your kids watch TV you would be familiar with those pesky advertisements for the next biggest, smartest or brightest toy or accessory… right? The next thing you hear for the next few hours is how much they want it, need it and have to have it!

But do they really want it, need it and have to have it? Is it really as good as it appears on TV? I have also seen Ad’s on TV for an item that looks super cool in the Ad but then read a review about how much of a dud it is, and I’m thankful that someone else made the mistake of buying it but also thankful that they put up a review as well, which saves me money and disappointment.

It’s important to know the difference between needs and wants.

Needs are items or services you must have in order to live. Wants are items or services you would like to have, but can live without if necessary.

To help you figure it out, ask yourself these questions next time yourself or your kids are tempted by those pesky Ad’s.

Ask Why Before You Buy. Remember this is for you AND you kids…

Keys to Healthy Spending Habits #1

  • Is this a need or want? Why?

Keys to Healthy Spending Habits #2

  • Do I have the money for this without borrowing any? (or using a credit card)

Keys to Healthy Spending Habits #3

  • Is this the most important thing I want right now? Why?

Keys to Healthy Spending Habits #4

  • Can I wait 3 days to buy this so I can think about it more?

Keys to Healthy Spending Habits #5

  • If I buy this will it take money away from something I have been saving for?

Keys to Healthy Spending Habits #6

  • Can I buy something similar for less money?

Keys to Healthy Spending Habits #7

  • Will I be sorry I bought this later? Why?

 

Did This Help You? If so, I would greatly appreciate if you commented below and shared on Facebook

Kasey Hannan photo

Wife to a hunk of a man, mother of two incredible daughters and nuclear physicist (Not really but sometimes I feel like I should know everything)

 

 

 

 

 

 

 

 

 

 

Raising Healthy Kids Today by Kasey Hannan

Skype: kaseyhannan

Email: kasey@raisinghealthykidstoday.com
“Let’s Raise Great Kids Today So They Look After Us When We Are Old, Yes There Is A Method To My Madness 😉 ”

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