Crazy Money

by Adam on July 16, 2010

We’re all a little crazy.

How often have you thought someone was crazy with their money?

Perhaps you decide to go on impulsive international day trips (like my one-day trip to Dublin)

Is that crazy?

Or maybe you buy every iProduct that comes out on release date.

Is that crazy?

We’re all crazy with our money from time to time

But it’s simply a matter of perspective.

If you want to successfully grow your pennies over the long term, it doesn’t mean you can’t be crazy with your money.

Nor does it mean you have to try to live on as little as possible.

Certainly growing your pennies becomes more appealing once you understand the power that saving can bring to your life. And it becomes easier over time as you get used to spending less than you earn every month.

But you can still spend money on things or experiences that some people think are crazy! The trick is to spend money on the things you’re really crazy about and avoid spending as much on the things you’re not.

Those in the know call this…

Conscious spending

One way to be more conscious with your spending is unautomating the spending part of your finances:

  • Are your utilities still good value?
  • Are you using all your minutes on your contract phone?
  • Are you still subscribing to any magazines or gyms that you’re not fully taking advantage of?

By cutting back on the automatic ‘non-conscious’ spending each month you might find a little more money for automating your saving rate and be able to spend crazy money on the things that matter the most.

This weekend have a look at optimising your spending habits and you’ll hopefully find it easier to be able to save consistantly every month but still be able to spend your pennies on the crazy stuff.

We’re all a little crazy. So get yourself in a financial position to endulge your crazy!

What are you crazy about?

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