The First Rule of Finance 

Since the first rule of finance is spend less than you make- or earn more than you spend- what are some practical ways for spending less?Shopping is NOT your hobby- Stop hanging around folks for whom shopping IS their hobby, and find something else to do with your free time. Shop less frequently saves a ton of greenbacks! The science of item placement and ways to entice you are important to retailers. If staying out of the store is the only way you can resist spending money, then stay away. So don’t shop because you are bored.Emotions that trigger spending- Besides boredom and peer pressure, which I have spoken about before, we shop when we are angry or feel entitled. ‘I deserve this. After all, I put up with those annoying people at work and give more than I’m paid.’ WOW! That’s an attitude that will get you nowhere fast.What CAN you do?- So, if you can’t shop when you’re bored – well, you can shop, you just can’t SPEND- how could you spend your time? You can shop at cheaper stores, you can walk and talk with friends, you can help others an afternoon a week. You can invite folks over every week for potluck parties at which you provide modest amounts of food or drink and others pitch in.Citations:Product placement bored as reason to shop R. Syversen, MBA – [email protected]com Check out our website that includes weekly streaming Voted Bangor’s Best Financial Planning Firm 2008, 2009 & 2010 by Market Surveys of AmericaIn compliance with requirements from FINRA, all e-mail sent via the WSFG domain will be subject to review and archiving by Wall Street Financial Group, Inc. Email management, archiving & monitoring technology powered by Smarsh, Inc. Disclosure:Only securities and advisory services offered through Wall Street Financial Group, Inc. Registered Investment Advisor. Member FINRA/SIPC. Norumbega Financial and Wall Street Financial Group, Inc., are separate entities, independently owned and operated.