bosswin168 slot gacor 2023
situs slot online
slot online
situs judi online
boswin168 slot online
agen slot bosswin168
bosswin168
slot bosswin168
mabar69
mabar69 slot online
mabar69 slot online
bosswin168
ronin86
ronin86
ronin86
ronin86
ronin86
ronin86
ronin86
ronin86
cocol77
ronin86
cocol77
cocol77
https://wowcamera.info/
mabar69
mahjong69
mahjong69
mahjong69
mabar69
master38
master38
master38
cocol88
bosswin168
mabar69
MASTER38 MASTER38 MASTER38 MASTER38 BOSSWIN168 BOSSWIN168 BOSSWIN168 BOSSWIN168 BOSSWIN168 COCOL88 COCOL88 COCOL88 COCOL88 MABAR69 MABAR69 MABAR69 MABAR69 MABAR69 MABAR69 MABAR69 MAHJONG69 MAHJONG69 MAHJONG69 MAHJONG69 RONIN86 RONIN86 RONIN86 RONIN86 RONIN86 RONIN86 RONIN86 RONIN86 ZONA69 ZONA69 ZONA69 NOBAR69 ROYAL38 ROYAL38 ROYAL38 ROYAL38 ROYAL38 ROYAL38 ROYAL38 ROYAL38
SLOT GACOR HARI INI SLOT GACOR HARI INI
BOSSWIN168 BOSSWIN168
BARON69
COCOL88
MAX69 MAX69 MAX69
COCOL88 COCOL88 LOGIN BARON69 RONIN86 DINASTI168 RONIN86 RONIN86 RONIN86 RONIN86 MABAR69 COCOL88
ronin86
bwtoto
bwtoto
bwtoto
master38
Spending too much? Young woman with a six-figure net worth on how to stay in control of money

Spending too much? Young woman with a six-figure net worth on how to stay in control of money

Read Time:5 Minute, 20 Second

A 28-year-old woman with a six-figure net worth has spilled details on how she took control of her personal finances to avoid bad spending habits.

Michela Allocca, from the US, dished out the seven simple things she stopped doing when she decided to be smarter with her money.

“This might sound crazy but I don’t shop sales,” she said.

For more Personal Finance related news and videos check out Personal Finance >>

“It doesn’t mean that I don’t buy things that I need when they’re on sale but just because a store I like is having a sale, doesn’t mean that I am going to use that as an excuse to go buy a bunch of things.

“Sales are designed to create FOMO (fear of missing out), they’re designed to prompt you to purchase.

“So if there’s something that you didn’t already need that you buy at 50 per cent off, you’re not saving 50 per cent, you’re spending 50 per cent on something you wouldn’t have purchased in the first place.”

Michela Allocca has spilled details on how she took control of her personal finances to avoid bad spending habits. Credit: Michela Allocca

Never impulse buy

Michela — who ditched her 9-5 finance job to pursue her business Break Your Budget full time — said she never makes impulse purchases.

“Any time I feel the urge to go make a purchase, I add it to a list on my phone,” she said.

“I have a list on my phone of a bunch of things I’ve been wanting for a while so if I need something or I’m ready to make a purchase I can go back and reference that list.”

She said the list “forces” her to create a space between an “immediate urge” and a “desire to buy something”.

“I feel like we, as a culture, are very uncomfortable denying ourselves what we all like to call ‘little treats’ but everything can’t be a little treat,” she said.

“So learn to create distance between an immediate desire, start creating a list on your phone and if you still want to make the purchase four or five days later, then consider it.

“But at that point you’re probably going to have forgotten about it.”

Prioritise spending

The author of Own Your Money said she stopped spending money on things she didn’t care about.

“I’m super cut-throat when it comes to what I will and will not spend my money on. I’ve gotten really clear on my spending priorities in the things that add value to my life,” she said.

“If it doesn’t add value to my life or it isn’t a necessity, I’m not buying it.

“I know that sounds kind of strict but at the end of the day money is a tool to either improve your life or make your life a lot harder so take some time and go back and look through what you are actually spending your money on.

“Ask yourself, ‘Are the things I’m spending my money on like non-essential spending making my life better or am I spending money on things that I don’t care about that’s ultimately just going to make my life harder?’”

She dished out the seven simple things she stopped doing when she decided to be smarter with her money.  Credit: Michela Allocca

Return unwanted items

She always finds time to return unwanted items.

“If I buy some clothes and I don’t absolutely love the way they look on me or I feel like I need to style them a certain way in order to wear it, I will return it,” she said.

“That means I will take a trip to the Post Office or I will go back to the store even if it’s inconvenient and I will send it back because if you don’t return things, you’re spending your money on things you don’t care about.”

Say ‘no’ to going out

Michela said she politely declines invitations to go out with friends if it’s going to cost her money.

“I no longer agree to plans that I don’t want to go to or don’t want to participate in,” she explained.

“This could be a factor of me being in my late 20s but I also just think it has to do with the fact that literally everything, not only cost money, but is so expensive now.

“So no, I don’t want to go out to dinner on Friday or Saturday night and spend $80 on dinner and drinks, I’d rather stay home. If your friends give you a hard time about it, then you need new friends.”

Don’t window shop or browse online

Michaela said she never wastes her free time on window shopping or browsing online retailer stores.

“I used to be the kind of person who if I had a Sunday afternoon, you bet I was going to walk the aisles of Target or spend my afternoon online shopping or scrolling on social media,” she said.

“Instead I now use my time for my hobbies like hiking, walking, Pilates, hang out with my friends or I will cook something, you have to find other ways to fill your time.

“If you find your hobbies have become shopping, go get a different hobby.”

Stop emotional spending

Finally, she avoids emotional spending.

“Any time I get the urge to spend money on something I didn’t already plan to buy, I will write it down on the list in my Notes app on my phone,” she said.

“If you’re feeling emotional, it’s obviously really easy and pretty straight forward to go buy something or treat yourself to something and use how you feel as an excuse.

“There are situations obviously where this is occasionally okay but it can’t be something that becomes a habit. Give it 24 hours, let the emotion pass and then if you still want the thing, consider buying it or add to your list.”

For more engaging lifestyle content, visit 7Life on Facebook.

Young Aussie shares the simple budgeting tricks that helped her save $35,000 in a year

Boss demands employee to chip in ‘insane’ amount of money for co-worker’s farewell gift

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Canberra woman defeats rental scammer advertising four-bedroom home for rent in Griffith Previous post Canberra woman defeats rental scammer advertising four-bedroom home for rent in Griffith
CoreLogic reveals Aussie tenants are falling behind as rental prices soar - but some relief is at hand with new fund Next post CoreLogic reveals Aussie tenants are falling behind as rental prices soar – but some relief is at hand with new fund
COCOL88 GACOR77 RECEH88 NGASO77 TANGO77 PASUKAN88 MEWAHBET MANTUL138 EPICWIN138 WORTEL21 WORTEL21 WORTEL21 WORTEL21 WORTEL21