Financial Tip Friday – But it was on sale!

Closets, kitchen drawers, tool sheds and toy-boxes are full of things that never get worn, used, dirty or played with simply because they were purchased while “on sale”.

To some people, the word S-A-L-E is something they can’t resist. To the business, the word S-A-L-E is a lure based off the M.S.R.P which, let’s face it, can be absolutely ridiculous depending upon the logo that the item bares.

But it’s a limited time! If we buy now it comes with a free gift! I know I already 5 of them, but this price is too good! I’ll use it someday…maybe. Tell that to all the “cheap” stuff you already have.

The fact of the matter is, just because something is on sale doesn’t mean it’s a good deal; and if we don’t need it then we paid too much for it whether it was on sale or not.

Don’t get sold on sales. Be sensible. Stop being impulsive. Save your money.

There is a store of great value in the house of the wise, but it is wasted by the foolish man.” (Proverbs 21:20 – BBE)

 

#finances, #financial-tip-friday, #money, #store-sale

Financial Tip Friday – Save a penny, earn a penny

No offense to my brothers or sisters who live North of the border, but few things are as annoying to me as getting a Canadian penny back as change. For all intents and purposes, you lose a penny every time you get a Canadian penny because a Canadian penny isn’t worth one American penny here in Middle Tennessee no matter what the exchange rate is. So what’s a person to do? I think I have the answer.

Have you ever been to a tourist attraction and seen those machines that flatten out a penny while pressing an image into it? All you need is two quarters and a penny and you get a neat and cheap souvenir; try getting something that cheap from the gift-shop – it’s not happening!

By now you probably get where I’m going with this tip. Instead of throwing away the Canadian penny (or worse yet, passing it along as change for someone else to get), save it to use in those souvenir machines. That way you don’t lose a penny, and by not losing a penny you save one, and by saving one you earn one.

There is a store of great value in the house of the wise, but it is wasted by the foolish man.” (Proverbs 21:20 – BBE)

 

 

#finances, #financial-tip-friday, #money