What about shopping at warehouse clubs like Costco and Sam’s Club, where things, taken individually, are dirt cheap but you have to buy enough to fill a gymnasium? The bottom line: On the whole, you’re likely to do better at such places than you would buying comparable items elsewhere. The reason is two fold not only do such clubs buy in huge quantities, which allows them to sell many items for less, but the prices always remain the same. (more…)

When someone asked the famous English mountaineer George Leigh Mallory why he was going to try to climb Everest, he responded: “Because it is there.” Well, if you’re like most of my clients, you could probably respond the same when asked why you buy something. Do you really need it? Or are you buying it because “it’s there”? If you’re going to survive and thrive in the new economic age, you’re going to have to stop this “Everest” buying. From now on, simply wanting something isn’t sufficient reason to buy it; you must need it as well. (more…)

Now you are in some better financial situation in your live and it is time for you to take a leap on your road to financial recovery. You looked at your cash flow and then decided to cut down some spending. Congratulations, It is a great decision! But you know that it is quite difficult to cut down your spending habits, especially if it becomes a comfortable habit. The habit that it is just the way you go about your daily life. Now that you have committed yourself to financial recovery, you can take a more closer look at where you spend all your money. One important thing to remember is that for some people overspending is not just a spending habits, it is the way of life, and you should not fall to that group. (more…)