Tuesday, August 23, 2011

Mind your Characters and Take Care of your Money

(Money bank)

Characters affect one’s spending pattern. If you are squandering and want to go for money saving, change your character and develop new habits then.

Characters that promote people to be a squanderer:

1. Too optimistic

Some people are too optimistic and the situation is even worse if they are pleasure-seekers at the same time. Enjoying themselves is a high priority. They won’t adjust their expenditure even they are jobless. They believe money will come in again pretty soon and so there is no need to adopt frugality to depress oneself. On the contrary, they use spending money as an excuse to cope with decompression. After eating up all the saving, stress goes on accumulating.

2. Too demanding

Some people are too demanding, always conscious of the brand products and their latest versions, pursuing the expensive products. They believe high price is justified by high quality. This rigid belief molds the diehard loyalty of famous brands and high-priced products. They refuse switching to the less costly alternative, which may have the same functions, features and quality standard. The rigidity can cause troubles when one's income and wealth cannot afford the diehard spending pattern. Demanding people will use credit card frequently and may go into debt for years.

3. Too capricious

Some people change their mind very easily and they can’t resist the temptation of switching whenever they see something new. They will keep shifting to various brands, different models or even versions for mobile phone, digital camera, computer and branded handbag, etc. An expensive item may be used for a few days or a month and then resold at a low price. Frequent and yet unnecessary changes drain money away from one’s wallet continuously. Capricious people are so accustomed to frequent replacements that they become indifferent to the money loss.

4. Too generous or too casual

Generous or casual buyers do not think or check carefully before the purchase. They often buy things at a higher price, overlooking the flaws, waste money on similarities or duplications, and have purchases that fail in matching their practical needs. When the purchased item is of no use, they will put it aside or give it away. However, for expensive item such as house, let it seat idle or be a gift won’t work. The circumstance is even worse if the item needs an expensive fix before it can be for self-use or resale.

5. Too greedy

Greedy people have difficulty in resisting low prices. They will buy crazily in discount sales, more than they actually need. The results are often an excess, usage below the average, obsoleteness and depreciation. Besides the actual prices, the cost of handling many unused or seldom used items, either by keeping things in order or reselling them to cash back, is a definite loss due to one’s greed.

Have a self-examination see if you have any of these characters and whether you are empowering them to waste your money. If the answer is “yes”, it will be a good investment to change your character in the long run. This involves introducing a new set of good principles to rebuild your money concept and consumer behavior, and reinforce them with a concrete habit development.

To insert a quick control over money out, you can try two basic strategies: freeze your money and set rules, to resist the desire to buy. High self-discipline is required for an effective implementation.

Freezing your money is to put aside part of your income and the accumulated amount should be untouched. You have to keep telling yourself that there is no extra money to entertain a purchase.

Setting rules allow reasons rather than passions ruling the money issue. You can adopt many different rules at a time, for example, only buy new when old is gone, set quota for an item regardless of the low price.

If you have problems on implementing the two recommended strategies, don’t give up easily. Try your best to identify which character contributing to the squander and be determined to change it, which is the source of the chronic problem.

Hope everyone succeeds in spending wisely and be able to save more money.

Author’s note:

If you are a credit card user, I suggested you read the article below to get more ideas on how to freeze your money as this strategy is particular helpful to ensure that you have enough money to pay off in a monthly basis.

Use Credit Card Wisely and Leave No Debt

Examine your expenditure and your possessions; explore new opportunity to cut cost. The two articles below may give you some ideas on saving money in different aspects or contexts.

How to Handle Never, No Longer and Seldom Used Items

10 Dating Tips to Save Money

Monday, August 8, 2011

Stop Being a Looker-on

Many people want to know how to be happy. This good quality is not exclusive to children. Let us be inspired by dogs and recruit the happy feeling.

A beautiful day with blue sky, Sai Kung (a famous suburb of Hong Kong) was crowded with tourists and local people. I expected to have a relaxing afternoon there. Strolling along the waterfront, quite a number of visitors gathered at some thresholds heading downward to the sea. What made people stay and watch as if they were spell-bounded? The charm came from human’s loyal little friends – dogs.

Nearly no dogs could resist temptation of jumping into the sea for a good swim. They kept their masters waiting at the thresholds, watching them having fun. Their spontaneous excitement, harmless naughtiness and heartily enjoyment formed a lovely sight that was eye-catching indeed. Not knowing how to swim, I sat on the breakwater and took some snapshots of these admirable hedonists.

The lively sight and the photo-taking gave me a great pleasure. Down to the sea and up to the land, many dogs had fun. Their audiences were duller. I suddenly realize that many people are lookers-on in the happy moment, as if pleasure is so scarce that there is not enough for each living creature to enjoy equally.  Of course not; there is plenty out there. What’s wrong with us?

Daily life is complex, full of worries, new challenges and troubles. Whatever dominant, many people tire out and fail to recharge properly. We often overlook the reviving pleasure, which is not far away and unattainable as we imagined. Stop awhile, spot beautiful things and occasions around us, and don’t just be a looker-on; otherwise, the limited participation undercut the potential enjoyment. Maybe we should learn from the dogs, grasping at every opportunity to live out happy moments as much as we can.

I hope everyone could learn the secret of being happy and stop being a looker-on. We deserve more. Next time, I will fly my kite high up in the sky instead of solely watching you – good dogs.

Author’s note:

The Nature is often very inspiring. Take a look at the dogs and cats; it’s amazing to notice that humans can learn a lot from these cute animals. Read the three articles below for the amusing tips I discovered so far.

Valuable Things We can Learn from Dogs

Valuable Things We Can Learn From Cats

Learn How to Sleep Well: A Lesson From Animals