Avoid the Retail Therapy of Shopping

There are some people that use shopping as a therapy. They feel good by going out to buy things. They feel that the items make them feel happy. They may do this for all sorts of reasons. However, hhere are a lot of reasons why this may not be a good idea. These apply if you do not have much money, storage space or time and regret your purchases afterwards.

Cost

The cost of shopping is probably the main reason why it is not a good idea. There are very few people who can afford to do something like this these days and this is why it can be a big problem for some people. Sadly, there are a lot of people in debt and shopping can cause problems with store cards, credit cards, overdrafts and payday loans. If you can afford to shop then this is not a problem, but by using credit when you shop, you effectively massively increase the cost of the items. If you calculate how much they cost you once you pay off the loans, then you will be shocked at how much things might cost.

Storage

One problem of buying a lot of items is finding somewhere to store them. Houses can be quite small these days and if you are spending money on buying things, then you will not be able to afford to buy a bigger house to store the things that you buy. Consider whether you want a home that is stuffed to the brim with items or whether you would rather have fewer things to organise, clean and tidy away.

Time

Shopping can take a lot of time. You may be better off spending that time doing other things. If you shop because you are bored, then consider whether there are other things you could be doing. You could be working, seeing friends and family or doing volunteer work. There are many other things that you can do which could bring a lot of satisfaction and happiness.

Regret

Some people will look back on purchases with regret. Having regret in your life is not a good thing and moving forward from regret cannot be easy. Think hard before you make any purchases and then you should have no reason to regret them. Also do not be afraid to return items that you decide you do not want when you get them home. Some people even feel the need to lie to their partner about purchases that they have made and this can lead to even further regrets.

Will Early Retirement Satisfy You?

The idea of early retirement can be a really attractive one to some people. Not having to get up for work every day, especially on a Monday can feel like it will be a fantastic thing. However, early retirement can bring problems which are worth considering when you are thinking about whether you should choose it or not.

Standard of Living

Money is an important consideration when you are thinking about retirement. You may have a pension fund, but that is unlikely to pay out until you reach an older age. Sometimes you can draw on it early but you may find that if you do this then you will have to draw less money each month, which make it more difficult to manage as you get older. You may use a lump sum of money, but you may be better off keeping this for a bit longer in case you need it to fall back on when you get older. You do not want to have to contemplate selling your property, using credit cards or payday loans, retirement doesn’t like those type of invesments.

Boredom

Once you stop having to use your brain each day, seeing new things and people, you may find that you start to get bored. You may enjoy going out and about for a while, perhaps travelling and seeing family. You may want to do some work on the house or take time to do some hobbies. However, you cannot do these things forever and so you will need to consider whether you might regret early retirement and wish you had kept the work out for as long as you could have.

Social Factors

In most jobs people have a lot of social interaction. They will get a chance to meet other people and talk to them and maybe deal with new people on a regular basis. Once retired there will be no interaction with work colleagues or customers. This may be a relief to some people initially, but it can get lonely once you are not seeing different people each day.

Relationship with partner

The relationship that you have with your partner could change once you retire. You will see a lot more of them and this could be difficult. You may no longer have so many things to talk about as you will not be discussing what you were doing at work that day. You may find that you like seeing more of each other but it will bring a change to your relationship. You may find that it changes in an unexpected way.

Top five ways to improve your bank balance

If you’re knee-deep in debt it can be easy to bury your head in the sand, but this won’t make your problems go away. The only way to improve your finances is to address the situation head on and implement some money-saving strategies – so what should you be doing?

Speak to a financial advisor

Whether you want to consolidate credit cards or improve your credit score, it’s a good idea to talk to a professional. Financial advisors are there to help and can provide you with all the latest information regarding pensions, mortgages, loan repayments and much more. Personal information will be kept strictly confidential, so don’t hesitate to seek advice if you need it.

Pay off your credit cards

Credit cards make it easy to pay for things electronically. They’re a simple and efficient way to spend, but it’s important to use them wisely. Never buy things you can’t afford and always pay off the balance in time to avoid high interest charges. If you have already racked up a sizeable sum, try to pay off more than the minimal fee when you’re billed as this will help you get out of the red quicker.

Reduce your bills

These days, many of us have a mobile phone. If you have a contract agreement, however, you could be paying more than you need to. Call your provider to see how many text and minutes you use and ask if they can lower your tariff. As household bills are another big expense, it’s also worth comparing utility prices and switching companies if necessary.

Check your Direct Debits

Do you know what you’re paying out on a monthly, weekly or annual basis? If you’re not sure, it’s essential to check all Direct Debits. This might sound like an obvious thing to do, but it can be easy to sign up for internet movie rentals, magazine subscriptions and such like only to forget about them. Once you know the score, see if you can reduce you outgoings in any way.

Spend your money wisely

A pound here and a pound there soon add up, so spend your money wisely. Only buy the things you need and look for discounted products online. With the economy in a fragile state, many companies are offering promotions and deals over the internet and you might even find some great value items on the high street. To ensure you’re getting the most for your money, download a price comparison app and do some research before parting with your cash.

Improving your bank balance is easier than you might think, so why not give some of these tips a go?

Happy Money Saving Community

If the word happy or friendly is in the title, I am on it. If that also includes a community of savings, I am on that too. Happier.co.uk is the place to go for a super friendly money saving community and I just recently heard about it.  Saving money or even making money is something that makes me extra happy, all those who are close in my life can tell when business is at a slow point because my personality and mood is slightly off. Even though money is not the route of happiness, saving money could very well be a strong part of the happy trail in life.

Whether you are looking to be savvier or looking for that special deal, there is a friendly community out there waiting for you to check them out. Saving money is a skill not everyone is born with nor is everyone taught the best way to save money. I personally have never been taught well in the financial area of life, I simply wing it and do my best to live in a way that we all have the things we need because the things we want can come later in life or never at all. Having the things you need and saving money on the things you need is vitally important to me.

Money saving guides are a great way to help assist in guiding you to financial success. This means that you will be better at saving money versus spending money. This means that you would have a chance to have that extra fund set aside for emergencies and/or the things you want in life. Saving money is important in this day and age. It seems CEO’s have huge funds saved up from all of those years prior to the economy crashing supposedly and the lay offs beginning for the middle class. They say there is no middle class anymore, you are either poor or rich; who cares what they say. I prefer to focus on what I can do with my own money I earn for my household. I prefer to research money saving guides online and being a part of a friendly money saving community so that I can learn to save money and find the best deals possible.

Saving money is important, are you good at saving money or not so good at it? What are some of your tips you have for others seeking to find a way to be better about saving funds?

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