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How to spend your money wisely
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[QUOTE="btaliat, post: 256515, member: 26390"] It is not a lie that it is easier to spend money than making it. But it will be a wise decision to make sure the money is spent wisely. How can money be spent wisely? The first thing to do is to make sure there is scale of preference. No doubt, humans have unlimited wants and needs. So we need to rationalize whatever that we want to buy. This can be only done if there is a good distinction between want and needs. This will help the individuals to forgo some items for other and hereby save money. Buying in bulk: we need to buy whatever in bulk from the middle men. Buying in units will always be at our disadvantage. This is because the retailers too will want to make some profit as well there by increase the price . Improvisation: sometimes we just need to manage what we have. We don't need to buy to show off anymore. If there is no much cogent reason to get things, there is no need to get it. This will save us from spending lavishly. Investment: when we save money, we don't only save money for the future, we also limit excessive spending. [/QUOTE]
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