An old photo of me with glasses to fit the mood!
I hate how I look with any glasses >.>
I hate how I look with any glasses >.>
The first thing I have to say about spending is that, whatever your money is worth today, it is worth less tomorrow, and even less the day after that. This sounds kind of simple and elementary, but most people don't think about that when they shop or pay their bills. For example, if you have taken out a student loan with a ridiculously low interest rate, you should actually prolong paying it till the very end of your education because the amount that is due is actually less in the future than the present (even with the interest)! This is why 0% APR on cars is such a steal. That twenty grand is going to depreciate in value and will actually be less than twenty grand in the future. If you have the opportunity, you should never pay for large investments all at once.
(Things you should spend money on: make-up, make-up remover, vitamins, food, etc.)
People save money on things they shouldn't be saving money on and spending money on things that will have less monetary value the minute they walk out with it. An example of this is make-up. I spend a good amount of my paycheck on make-up because I use it frequently and buying a ton of make-up now, will save me money due to inflation in prices later on. However, if you don't use make-up frequently, this might not apply to you as make-up does have an expiration date. Another example are things like tweezers, hairspray, lotion, basically anything that you will use often. You should actually buy WAY MORE of these things.
How much should you stock up on? Well, I'm not telling you to fill your whole closet with deodorant and eating utensils. The amount of "stuff" you should have, should be enough that it doesn't clutter your living space. A lot of females I know actually have WAY TOO MUCH STUFF.
This is something else that should be taken into consideration. If you have things you don't use, won't use for another six to twelve months, toss it or donate it. You don't know how many bags of clothing I have given up to friends, sold, or donated to Goodwill. These things are deadweights, meaning they are taking up space for potential new items and do not serve any purpose. Think about it in a business perspective; If you own a clothing store and you have items that don't sell, not only are you losing money on your investment, you are also losing space where other clothing items COULD sell more. Simply put, these items in your room are not adding any additional value to your life and should be gone!
Now onto things you should not spend so frequently on. CLOTHING (which includes accessories and shoes) is the number one item on my list. Except for certain niches like shoeheads or lolitas, clothing decreases in value the minute you walk out with your new purchase. How do you combat this? First off, buy cheaper clothing. I'm not telling you to never spend more than 10 dollars on a shirt but if you see items you want to buy at a store, think about the span of its lifetime -- the frequency of its wear, how much money it will take to clean it, and the price. If you think hard enough, most of the time you will put what you have in your hands down.
THE SHORT VERSION!!
1. Buy more of what you need right this moment (WAY MORE OF IT)
2. Throw away the things you won't use within 6-12months.
3. Don't invest a lot of your money in items that will depreciate in value (i.e. clothing, magazines, etc.) unless you are an enthusiast (that way it adds more value to your life).
4. Your money is ALWAYS worth less today.
5. If you can get out of ridiculously high interest rates, you should pay for your things in the future (i.e. loans, car, house).
As a woman, I know we all love to spend money and buy things. So instead of spending large amounts of money on clothing, spend it on other equally satisfying items such as sexy underwear, hairspray, make-up, socks, etc.
I have so much more I wanted to say but I wanted to shorten it so it won't bore anyone
Until Next Time,