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  1. #1
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    Default another way to think before you spend

    I read this somewhere and thought is was a good idea

    When you want to purchase something think about how many hours you will have to work to pay for it.

  2. #2
    Registered User Thevail's Avatar
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    It's a great idea! I will warn you not to even try to think of your mortgage this way though. It can lead to serious depression.....

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    Registered User 2ndGenGranola's Avatar
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    I do that for the kids and DH. They just don't get the value of $$ until I put it into other terms.

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    Moderator mauimagic's Avatar
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    Good idea to get a different perspective.
    Travel light. The baggage of the past can only hold you back.




    “Decluttering isn't just simplifying your life. It's having a vision, setting new priorities and using those notions to get rid of obstacles.”
    — Peter Walsh
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    Registered User gapeach's Avatar
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    Thanks for sharing
    Married to DH 19 years
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    Registered User hotprincesscm's Avatar
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    Thanks...that's a wonderful idea!

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    Registered User Debbie-cat's Avatar
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    It is a great idea. I think that way all the time and so did my Mom.... I think that is where I got it from!
    Dh Bob FIL
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    Registered User momof2joys's Avatar
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    Thank you for sharing that point of view, I have heard it before, but never really thought about it!! Not to mention that it should be a good motivation for a savings account too!!! Think about how much you can save by not spending that desired amount on things!!

  9. #9
    Registered User shortstack's Avatar
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    I tried to explain this to my daughter who is almost 8 the other day. She had carelessly stuffed some things her Nana had bought her into the bottom of her closet. We sat and discussed how long her Poppy had to work to get the money to buy the items and the fact that he traded his time by working for the money. The lightbulb seemed to go on after we talked about it

  10. #10
    Registered User MaryCarney's Avatar
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    Ahhhhh - lightbulb moments!!
    Mary Carney Working the night shift 'cause they never have meetings at 3am!
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    Starting grad school September 1, 2010 in pursuit of MSN degree.
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    i think of 100 dollars as "a day in my life". do i want to give a day of my life for this widget?
    11% gross to retirement
    10% takehome to tithe and offerings
    emergency fund maintained at 3000(works for me)
    credit card debt 7500
    mortgage free
    freedom accounts/sinking funds that ebb and flow
    then live on the rest!

    i am trying something new. LDS church advises savings or debt repayment should be the same as the tithe. 10% each.

    "i create prosperity, abundance, and savings for me and my household"

  12. #12
    Registered User Monner 1's Avatar
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    The book Your Money or Your Life is basically based on this theory. This book is the one thing that got me started on a frugal life.

    Monner

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    I understand. That’s why I keep my self in search of printable coupons online so that the pain of spending hard earned money is not that acute.

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    I had heard this before...but you know it has come at just the right time in my frugal journey because I was getting a little depressed. I think I will go to the student loan website and average how much interest I am paying each month...I have a feeling that will kick start me into getting my super frugal bottom going....at least it will make me eat at home versus out tonight
    Baby Step #1 Done!
    Baby Step #2 Beginnning debt balance 01/01/08 $78K /Paid in full on 08/06/10
    I'm debt freeeee............ GOD IS SO GOOD!!!
    Baby Step#3 Goal: One year emergency fund began saving Jan 2011 accumulated Aug 2011 YIPPEE!!! God is sooo good to me!!!
    Baby Step #4 Yep currently doing this.
    Baby Step #5 No kids so no need.
    Baby Step #6 Renter.. Working on putting 100% down on a house!!! Currently have 25% saved.
    Baby Step #7 Someday.......

  15. #15
    McD
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    I really need to get myself and hubby in the habit of thinking this way. It's way to easy for us to spend money.

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