How the 30-day savings challenge works

Here’s how it works:

  1. Whenever you feel the urge to spend — whether it’s for new shoes a new car or new golf clubs, put the item back on the shelf and go home.
  1. When you get home, take a piece of paper write down the name of the item, the name of the shop or showroom where you found it and the price. Also note the date you had the urge to buy the item.
  2. Now post this note in the home, somewhere obvious: a calendar, the fridge or, a bulletin board.
  3. For the next thirty days, think whether you really want the item, but be sure not buy it.
  4. If, at the end of a month, the urge is still there to buy the item then consider purchasing it.

That’s all there is to it. But it’s surprisingly effective.  I suppose it’s about delayed gratification.

The 30-day rule works especially well because you aren’t actually denying yourself; you’re simply delaying gratification.  This rule has another advantage: it gives you a chance to research the item you want to purchase. This can save you from grief of buying something that you later regret.

where is education and training heading?

Where is education and training heading?

The world of education and work has changed so much in the last few decades.  When I was leaving school in the mid-Eighties options were quite limited.  Most people went directly to an apprenticeship or an entry-level job.  They may have attended a day release course at the local college along with their job.  Jobs like a hairdresser, joiner or car mechanic were the norm.  Some people did go to university but back then it was much more unusual, it was the exception rather than the norm.  If you did go to university it was either for a vocational course like medicine or you were just posh!

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Step by step guide to budget your finances

Step By Step Guide to Budget Your Finances

Personal finance is a subject not everyone takes seriously. Keeping your finances in check leads to better financial stability. When you have sufficient amount of money in your savings, you will have a safe nest on which you can rely on in case of unpredictable emergencies. Especially, for those who are married and have kids, financial planning becomes essential. You do not need a professional to take care of your personal finances. You can do a few things to save a lot of money which will come in handy in the long run. Creating a budget for personal finance is the first step to stabilize your financial position. This stepwise guide gives you an insight into creating a budget for your personal finances.

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