Finances - Day 3
Buy Now, Pay Later:
So, what's the best and smartest way to buy the things we want and need? 🤔
1. Budget for purchases ahead of time and pay cash!! (By "cash," I mean use YOUR money, not anyone else's.) Be sure to include line items on your budget for things that you know you enjoy. Make sure it's reasonable within your monthly income.
2. Just say NO to impulse purchases. If you have an amount set aside on the budget, this should help cut down on impulse spending. Also, have a friend or spouse check in on you for accountability if it's an issue. 😎
3. Take debt off the table.... completely. At some point, you have to make the decision. WE DON'T USE DEBT. PERIODT! We save up to buy the things we want that are out of our monthly range. 😌
After all, 59% of users reported that they made "unnecessary purchases that they otherwise couldn't afford."🫣
Sounds like the distinct sound of buyer's remorse.
These companies are not helping us. They are only hurting us.
