Hi:
One way to control spending is to double the price of things in your head.
Think about it. If you are in a high tax bracket, what earnings are needed, before taxes, to buy that item you desire? Many of us are in a 40% tax bracket. Add that and the 14% GST and PST to determine its true worth.
That $20.00 impulse buy becomes $40.00. Is it worth it? Wait a day and see if you still desire it. Don't go shopping as much. Shopping is not a recreational sport.
If the goal is to retire and do meaningful things, don't fall prey to buying things that don't have a part of reaching that goal. How much stuff do we need?
Have a little voice that whispers in your ear "garage sale material, garage sale material". That's where many things end up five years later.
Focus means cutting out extraneous stuff to get to your goal. Possessions are a huge part of North American society. However, we are not our stuff.
M.
http://yournextgreatadventure.com/Feed/feed_rss.xml
retirement and money
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