Financial independence is not the norm and it is not an easy path. You have to be meticulous and conscious of your all your financial endeavours; being frugal in every aspect of your spending – even your lunch.
Hello, I am the infamous Money Tree Lady. As my first blog post it’s only right that I talk about my ‘Bargain Sticker Syndrome’ a term the Money Tree Man uses to describe my need to hunt the best deals! If you know anything about The Money Tree Man and I, you will know we are saving up for our financial independence. This isn’t about earning more money but spending less, which is deceptively harder.
While there are many positives to buying things for the best price possible – there is a pitfall to this syndrome – beware buying things you do not need just because it has a bargain sticker on it! This is something I learned the hard way… To stop you from making the same mistakes I have created a little checklist to help you know what to do when you are faced with such temptations:
- Do you need it?
- Do you need that quantity?
- Do you have a purpose in mind for it? When? (& Is this before the expiry date/if ordering online will it arrive on time?)
- Yes, it has a bargain sticker on but are you sure it is your cheapest option?
If you follow those easy steps it WILL stop you from buying things unnecessarily which means lower outgoings and more money trees for your next financial venture.
That’s it from MTL, I must not be the only one that LOVES a bargain?! Let me know your best and worst bargain stories in the comments below.