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There is a difference between what we truly need and want we “want” we should think to ourselves as we face the choice at the critical moment of purchasing, do I really need this, or do I simply want it? If we will be honest with ourselves, we can make a wise choice, and follow through.

The small leaks in our income come from buying too much of what we want, and the insidious leak leaves us with less than we need to live practically and we wonder where in the world our money has gone. Be aware of these small things, make a list of items purchased that you could have easily done without. Contemplate how to solve the problem of overspending.

Shop around! Plan and comparison-shop, use the ads in your newspaper, the good sales that can save a significant amount in dollars. Make a list, and stick to it, nothing that is not entered there is an item you need, the unlisted items are “wants.” Put off the impulse to buy wait a while and often your better sense will kick in and you will realize you really don’t just have to have it!

Take you calculator with you, compare the unit price, watch weights, count your change, and check your sales slip. Mistakes are made more often than you may realize and it adds up.

Recycle good usable products, for example don’t throw away a good plastic container, use it for storing foods in your refrigerator or elsewhere. The ones you buy ar prettier but no more functional.

When using credit, pay on time. Interest and charges on late payments will add up, and you are spending your future paycheck!

A certain amount of money should be set aside for emergencies. If you are living from paycheck to paycheck, it is very difficult when the air conditioner goes on the blink, to find the money to repair it. This usually happens when it is 100 degrees outside. Saving the “I want” money will begin to build up this emergency nest egg. This fund should be at the least a 2-month total of your take home pay.

The cost of credit is a part of the item you are purchasing. Shop for the lowest interest rate, it takes a little homework but hey, it’s your money!

Credit is too comfortable for most of us, it is so convenient and fun to charge an “I want” article and think about it later. The object we have gone into debt for is not really that great, fun, or useable and is very possibly stuck in the back of the closet by now, ready for the next garage sale. Think about it!