Good Morning Dinks. Allow me to ask you a question, what makes you spend money? Some people spend money socially when they are with friends, some people spend money as a reason to have something to do when they are bored and some people spend money because they are tempted by free items, discounts and coupons.
I am personally guilty of spending money because I am tempted by a good deal. If I am contemplating an item or I know that I will need a certain item very soon I will definitely choose to buy it sooner rather than later just to get a good deal. I am not sure why but I always feel guilty whenever I pay full price for an item. I used to be guilty of spending money with friends and also as a past time but I am glad to say that I no longer do either of these.
MSN recently published an article that lists ten items that you should never have in your wallet because they make you spend money or they can end up costing you money. This article may be true, but at the end of the day we all make the conscious choice to spend or not to spend money.
What’s in your wallet?
1. More than one credit card. People can definitely be tempted to spend money when they have access to their credit cards. It is also very tempting to want to spend money and make purchases with your credit card when you know that you can always pay it off later.
2. All of your personal identification. It is never a good idea to carry all of your personal identification cards in your wallet because if your wallet is lost or stolen you will quickly find yourself without any proof of being. The process to replace all of your personal identification is very long and it can be very expensive, trust me I know. I learned my lesson the hard way when my wallet was stolen 5 years ago and I have never carried more than two pieces of id in my wallet ever since.
3. Too much cash. There is a fine line between having enough cash and having too much cash in your wallet. I may think that $20 a week is having enough cash in my wallet to spend on snacks and small purchases all week; however someone who lives on a lesser budget may feel that $20 is a lot of money to spend each week on snacks. I will always purchase something if I have the cash in my wallet; this is why I prefer to pay for my purchases with my debt card. I will most likely not pay for $3 snacks with my debit card but I may be tempted to buy the snacks if I have cash in my wallet.
To read the entire list of all 10 items that you should not carry in wallet click here.
Photo by verypurpleperson