Do you always feel like you’re short on cash at the end of the month? Would you have trouble coming up with $1,000 in 24 hours? Is it difficult to recall what you spent your money on last month? If you answered “yes” to these questions, I would put you into the category of “money troubles”.
You might not make much money to begin with, and the money that you make is certainly tough to hang onto. Where do you suppose it goes? Well, most of it probably goes toward rent, then your car expenses (gas, insurance, repairs, etc.), then to your food and clothing. For the most part, these are all essential expenses, but you know that you make more money than that. Where in the world does it all go?
Rather than tell you all of your money is going to waste at restaurants, entertainment, and frivolous spending, I’d like to point out all of the luxuries that you should be avoiding if you are short on cash. I have developed a list of 10 items that shouldn’t be found anywhere in your house if you are hard up for money. And, if you have one of these items, you’d better not tell me about it, because I would consider it irresponsible spending.
1) Videogame Consoles and Games – If you complain about not having money, but you’re sitting on your butt playing Halo, you’ve got some problems (my friend did this exactly and it didn’t work out well for him).
2) Big Screen TV – Owning a big screen is a classic financial mistake that quite a few people make. I once saw a man on the news that was upset about a power surge that busted his big screen TV. When he was asked why he didn’t have renters insurance, he said that he couldn’t afford it….. but yet, he owned a $1,500 television… don’t be like this guy.
3) iPhone – It doesn’t even have to be an iPhone. If you have text and data on your phone plan, but you’re short on rent every month, it’s time to get rid of your phone. Pick up a track phone for a while – you’ll survive.
4) Namebrand Apparel – Women sure do love their purses! Coach, Michael Kors, and Prada are all fine products, but they are way overpriced. Don’t kid yourself into thinking that you’re getting a deal because of the quality craftsmanship. Paying 10 times the price for something that lasts twice as long just doesn’t make sense. The same goes for clothing and accessories too.
5) Netflix – If you don’t have enough money to pay bills, why would you subscribe to a convenience? It seems harmless because of the low cost per month, but $10 a month can really add up after a while!
6) Cable/Dish – I already mentioned the big screen, but really, cable isn’t necessary either. Someone’s best argument might be that a television is used for weather warnings and emergency circumstances. I agree, a television is important for that reason, but you still don’t need cable. Get an antenna and save yourself $50 a month.
7) Internet – Some of you may have just gasped…. “No Internet?! How could I live without the internet?” Believe me, you’ll survive. When my wife and I were strapped for cash, we cancelled our internet (even though I had my blog to keep up with!). If you truly need the internet every couple of days, head over to the library. It’s free! J
8) Golf Clubs – This is kind of a no brainer. If you are struggling financially, there’s no reason to have golf clubs. Not only are the clubs themselves expensive, but the money you’d spend at the course is astronomical as well!
9) Expensive Jewelry – These days, it’s hard to detect what’s real and what isn’t! So, why would you spend massive amounts of money on diamonds and sapphires? Ignore the commercials and settle for the fake stuff. No one’s going to notice anyway.
10) Empty Bedrooms – If you have empty bedrooms, this means that your house is way too big for you, and you most likely spent more money on it than you should have. You may want to seriously consider downsizing, or renting out one of your rooms.
Do You Need Any of The Items Above?
For some reason, many of us have been brainwashed to believe that we are entitled to a certain lifestyle, or that we can’t live without a few technological devices. Let me tell you, none of the above items are necessary. People do without them every day and lead very productive, normal lives. Don’t be afraid to be different. Change your financial life today so that you can live a fruitful life tomorrow!
What do you think about my list? Is there anything on this list that you simply couldn’t do without?