You need to figure out your total cost first.
This post comes from partner blog Blueprint for Financial Prosperity.
If you've ever tried to buy a car or a house, you've probably faced the monthly payment math trick. It's a psychological trick salespeople use to get you to buy something you couldn't afford or to pay an amount you weren't originally comfortable with.
A salesperson will try to convince you to purchase something based on the monthly payment you'll have to make. It frames the purchase in a way that lets you begin integrating the purchase into your life, before you've actually made it, and may even make it more likely you'll make the purchase.
Does your family really need multiple cell phones?
Here's a concept we can wrap our mind around: A Bankrate article talks about 12 "new necessities" of modern living that are actually "entitlements" we can do without.
The article quotes psychotherapist Olivia Mellan by way of explanation:
A lot of us in wealthy, overspending America are either born or raised with a tremendous sense of entitlement. We say to ourselves,"I work hard or, I work at a job I hate -- at least I should be able to have a Starbucks coffee every day or eat out for lunch." But of course, those are not needs, they're wants. They're pleasures.
Here's a partial list and why we agree with the article's conclusions:
If you're looking to get hired, you need to stay connected.
What's the best way to use the Internet when you're looking for a new job?
The answer these days is different than it was just a few years ago, observes Steve at bripblap, who's been in the job market recently. Sites like Monster and CareerBuilder list lots of jobs, but he's having better success with LinkedIn, Twitter and Facebook.
He said in a post called "Internet job boards -- wasted effort?": "The future of work will be connectivity -- networking, in person and online -- and not the traditional advertise-submit-review pattern. It's another one of those culture shifts that's happened slowly enough that we won't notice it -- but it will happen."
Maintaining a shared financial vision is key.
My wife and I never fight about money. I used to claim this was because we keep separate finances, but now I know it's because we share similar financial goals and dreams. Even during those years I was deep in debt, I never did anything that might jeopardize our financial future.
Our shared vision has helped us to maintain a successful marriage. We're not alone, however. Writing recently in The New York Times, Tara Siegel Bernard says that the key to wedded bliss just might be marrying someone who shares your attitudes about money.
Trying to 'wing it' is not the best strategy for getting hired.
This post comes from Trent Hamm at partner blog The Simple Dollar.
I have conducted a substantial number of job interviews. Although the jobs I usually hire for are technical in nature, most of the truly telling -- and thus truly valuable -- questions I've asked are nontechnical questions. A great interview question reveals the nature of the person you're hiring -- honesty, reliability, ability to communicate intelligently and quickly.
Over time, I've collected a pretty good pile of questions I use in almost every interview. Here are 25 of the most reliable ones, along with a tip or two about what makes a good answer -- and what makes a bad one. If you can easily answer these questions, you shouldn't have much to worry about in an interview.
Lousy attitudes don't discourage some generous tippers.
Hardly a personal-finance topic provokes strong opinions like the question of how much to tip, particularly after the waiter treats you like a case of scurvy.
A special dinner out for Bob of ChristianPF and his wife lost its luster when their waiter became rude and unresponsive. And yet, after all that, Bob left a 20% tip.
That's more than we would have done, and we aren't alone. However, some of his readers offered other opinions when he asked, "How much should you tip a bad waiter or waitress?"
So what! We're saving money and they aren't.
There's been many a time I've been picked on for being frugal. Mostly during my prepubescent years, but even now I've been known to give a few of my friends a good laugh. I'm sure they were all just jealous (at least that's what our mothers always say, right?) but either way I say, "Who cares."
Who cares if our frugality and craftiness distract people? Are they the ones saving a few dollars? Nope -- we are. And because of that I say keep on doing your thang! As long as you're happy and not breaking any rules (*ahem* Phil Villarreal) who cares about these boring people and their spend-crazy lives. We like saving money and we're not afraid to admit it.
In fact, I'll even admit to some thriftiness right now: I used to sneak cheeseburgers into the movie theaters. I'd swing by McDonald's 10 minutes before start time and pick up some double cheeseburgers right off the dollar menu and put them in my pockets. Not only was it cheap, but it was craaaazy filling. And when that didn't work out, I'd just raid the nearest 7-Eleven instead and grab myself three assorted candies back when they were three for $1. (Remember those days?)
And after thinking about this for a bit, I wondered how many others are made fun of for similar things? There's gotta be a lot of us, right? Oh yeah, DEFINITELY right. Check out all the responses I got back after dropping the following note around the Web:
Anyone ever make fun of you for being frugal/crafty?
Celebrate National Pajama Month with free breakfast for kids.
The recession must not be over yet, because we’ve got all kinds of new food deals. Some of last week’s deals are still good, too, including kids eat free at Boston Market and buy one, get one free brunch at Ruby Tuesday.
You may have missed National Pajama Month, but Sweet Tomatoes and Souplantation is on the ball. This Sunday, Oct. 18, kids 12 and under eat free with the purchase of an adult meal from 9 a.m to noon at the restaurants that serve breakfast. If they don’t want to get dressed, bring them in their PJs.
Here are the latest food deals, courtesy of our friends at Cities on the Cheap:
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ABOUT SMART SPENDING
Editor Bev O'Shea lives and works in the foothills of the Appalachians. A former copy editor for The Atlanta Journal-Constitution and the Orlando Sentinel, she joined MSN Money in 2007. She's a fan of sunsets, college football and free shipping, among other things.
Having worked as a writer, reporter and editor for more than 25 years, Editor Julie Tilsner is the sort of person who can't help but correct grammar in Facebook postings and on billboards. She's written for BusinessWeek, the Los Angeles Times, Parenting, Redbook, AOL and others. She lives in Los Angeles County with her family and loves to drink wine and practice yoga, although not generally at the same time.
A writer for MSN Money since January 2007, Donna Freedman won regional and national prizes during an 18-year newspaper career and earned a college degree in midlife without taking out student loans. She also writes about smart money tactics for magazines and on her own site, Surviving and Thriving.
Mitch Lipka has been warning people about scams and shining light on questionable business practices for more than 20 years. Mitch, the consumer columnist for The Boston Globe, has also been a reporter and editor at The Philadelphia Inquirer, Consumer Reports, South Florida Sun-Sentinel and AOL. He won the 2010 New York Press Club award for best consumer reporting online and was honored in 2011 for his reporting on child product safety.
Marilyn Lewis is an award-winning writer with a passion for getting readers clear, straight information that helps them stay out of financial trouble. A former reporter for The San Jose Mercury News, she works from her home in Port Townsend, Wash. Contact her at MarilynLewis@Outlook.com.
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