One day, my friend asked me to help her start her financial journey. I said HELL YEAH! I started thinking about all the things that I wanted her to think about and share with me, like shopping habits or recipes (she realized she was spending way too much money eating out). I realized that not only conscious decisions I make affect my personal finance, but subconscious changes have also made an impact as well.
This is a continuation of Money on My Mind April 2018 series – part one was yesterday.
Part 2: Changes that Affect My Finances
I Am Not Pursuing an MBA Anymore
This is a decision that I’ve been thinking about for years. I’ve asked around to people who have gotten their MBAs, and the overall feedback I’ve received is that it is great for networking. Well… I don’t want to pay that much money to network. This is one of the many articles that I read about whether to pursue an MBA or not. I’m still trying to figure out what I want to get out of life though. This conversation is to be continued…
I Do Not Get Suckered by Sales Anymore
The weather has gotten so much better this last weekend that I had to walk around outside, and wandered through a lot of stores that I usually shop at. I did buy some stuff, but I didn’t buy anything that I don’t plan on using in the next 2 months and none of it was makeup. That’s a huge improvement!
My mentality used to be, “Buy right now if it’s on sale because you don’t know when the next time it will be!” But honestly? Companies put things on sale to sucker you in. Let’s take skincare products for example. I can buy a product on sale now and not even get to using it until 3 months later. By that point in time, maybe an even better product has come out! I just realized that there’s no need to stress out about a sale because there’s always another one coming.
I Grocery Shop in Smaller Trips
I used to buy in excess every time I went to the grocery store, It was actually hurting my wallet more because I’d forget what I have and would buy more, and then I’d have to throw away bad food. It hurt to watch myself throw away food that I bought with my own money, so one way to try to avoid that is to buy produce I will use in the upcoming 3 days. So far, so good. I’ve got some tomatoes I really gotta use though.
Have you guys come to any realizations about your own behaviors that affect your finances? What were your wins and losses this month? Let me know in the comments below!
Favorite Finance Things from the Web This month
- This post from Making Sense of Cents’ Ways to Be Frugal. Over the last couple years, I’ve become less materialistic, but I still have a huge way to go before financially savviness. While reading Making Sense of Cents’ post, my mind went “check, check, check, ooh do better, check, check, check”. #10 is a huge one that I need to reflect on.
- Kate McKinnon, a comedian from SNL, collaborated with New York Times bestseller and personal finance journalist Beth Kobliner to talk about money with kids. The kids are so cute. If I ever have kids, I will teach them financial literacy at a young age.