Surely the best way to spend one’s earnings is in experiences. Objects leave time for themselves, while experiences make you happier and allow you to have fewer second thoughts about spending.
It is much cheaper to spend our money on something beautiful to remember, rather than on purchases of tangible goods; this will certainly make us happier. For several years now, a stream of psychologists has been trying to prove that living an experience causes greater well-being to our minds than the possession of objects.
The basic concept is that investing in memories fulfills us more than a day of compulsive shopping. It all starts with the idea that buying experiences, such as a trip, a vacation, a concert, a show, brings usmuch more happiness than, perhaps, buying a new dress, an object we like, a fashion accessory.
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Learn about other financial best practices
#25 | Be conscious of what you spend
Payment awareness is critical. Very often you buy a lot of things using installments or financing, so you have to be aware of what you are paying month after month.
Good financial advice #24 | Learn to say no
Have you ever found yourself self-imposed a spending limit beyond which not to go, so you can manage to save money at the end of the month? It is certainly not easy to make all the accounts add up.
Perhaps it may help to start using a magic word: no.
Good financial advice #23 | Buy without credit cards
The credit card has the virtue of making people pay for things in a deferred manner, but so it is not possible to have full control over purchases and thus monthly or weekly outgoings. If you want to be in control of your spending at all times, make payments and purchases with your debit card.
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