There is nothing wrong with saving money. In fact, you should save more than you spent and many people do not save enough. But if this is harmful to yourself or others, it’s time to rethink your strategy.
Not sure if you are saving too much? If any of the following applies to you, the answer is probably yes.
1. Your look is not very nice
There is no lack of research capable of proving that the old cliché is true: “Clothing makes man” (or woman). If your clothing is torn or worn TOO, you could certainly invest a little in your wardrobe, do you agree? However, no one is saying to go out there buying a Rolex, Armani suits or a Louis Vuitton handbag. Choose the timeless style that fits your profile – and your company’s dress code – that’s all you need. But remember, slightly more expensive clothes can last longer.
2. You “save” on your health plan
Health should come first in our lives, especially when our attendance at stations is constant. If that is your case, or still, if you care about your health, why not yet pay for a plan? After all, you never know when you may need an MRI or relatively simple surgery, in which with the plan you will be saving a lot more than failing to invest your money in your health for “economy”. Think about it.
3. You have no fun
Would you rather stay at home than spend money on a movie or bar? Or maybe you make the most of your Facebook socialization because it’s free? An American study found that using Facebook has led to a decline in overall life satisfaction. Many other studies have found that people who do not socialize are less happy than those who do.
This does not mean that you have to play at all the ballads and bars. It’s all about moderation – and persuade your friends that you do not need to make the most of the salary for fun.
4. You have an obsession with promotions
There is nothing wrong with taking advantage of promotions, on the contrary. However, if you have long waited for the right offer to buy some much needed product for you or your home, or you can not resist buying any product on sale, even if you never use it in your life. Maybe you’re obsessive about saving money.
You see, if the item you need to have is expendable to you and such promotion never comes, why wait so long? But calmly, do not go out buying everything without first evaluating the discounts and the price differences in the market, much less go accumulating futilities for you just because they are with a precocious cool. What you should not do is wait 3 months for that cooker you want to get promoted so you buy … and in the meantime you spend eating out. It makes no sense.
5. You undertake projects that you
So you’ve taken on a home improvement project, but you do not have the skills needed for it, taking months or even years to finish, or maybe you have not yet completed. If you completed the project, you probably saved a lot of money. But if the answer is no – or if the results were not as you expected, unfortunately, you may have lost money.
Adopting any project that is far beyond your capabilities will probably not save you money unless you have friends or skilled family members who can help.
What you save in cash, you will pay with time and the result probably will not be as good. Know when to pay to do this right. If you are married, your wife will also be grateful.
6. Do you take advantage of situations
Do you use someone else’s Wi-Fi? Do you intentionally complain about your food in restaurants just to earn some discount or even not pay? Have you found a way to access cable TV service without the provider knowing?
Hopefully this is not you – because it’s a federal crime – but if you’re taking money from someone else’s pocket to save money, rethink their motivations. Winning at the expense of another person, even a large corporation, is not a victory.