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How to Spend Money

Here are some tips on spending money:

  • Discipline in saving and the ability for delayed gratification in order to build financial security and to pay cash when a purchase is needed or desired.
  • Save your money and get interest. Work to make money at the same time.
  • Always have and work towards a financial goal. Adjust your goals as necessary but never abandon them.
  • Begin a retirement and investment account now. The earlier you start a long term savings/investment account, the bigger the payoff in the future.
  • If you don't have the CASH to pay for it, you can't afford it. Being able to make the payments doesn't mean you can afford it.
  • Money isn't everything and greed is not good.
  • Don't make money your goal. Money results from providing the right service. Choose the right service and money will follow.
  • Save at least 10% of each and every paycheck. Force yourself to do this. It will pay off in the long run.
  • A sale in a store is not a sale if you can't afford it.
  • Earn some, save some, spend some.

Check out some other good ideas by visiting: www.KidsCashManagement.com