We engage in battle every day. Sadly, many of us are losing the fight. It's the war between wants and needs.
You don't need a new car but you sure do want one. Those expensive shoes - you've just got to have them. That newest electronic gadget. You really don't need it, you just really want it.
Getting your financial life in order is about finding your happy medium.
So before you let Gerry Harvey reach in to your pocket again, take a look at how much things really cost over time.
How about the car you drive. Let’s say you purchase a new vehicle every four years. If you saved $10,000 every time you bought one you would save over one hundred thousand dollars over the next 20 years.
Imagine saving $300 per month on your mortgage. Over 20 years, you would have an extra $125,000 in your pocket. That's a lot of change that is much better with you than the bank.
Do you get the picture? The idea is to spend wisely. Look at your money in both present and future value.
So next time, before you buy something really big, answer this little question. Do I really need this or do I just really want it?
Advertising shouts out at you to buy today but your future is telling you to save a little bit for tomorrow.
Who wins the battle for your wallet is up to you.