3 Basic Wealth-Centered Steps to Not Waste Money and Not Waste Time

Stop Wasting Time and Money

Ever waste money? Ever waste time? I know I have done both. I want to share with you three basic steps to help you not waste money, or time for that matter.

So the other night I had just finished dinner and was going to get some stuff done when I got a phone call from a guy. I answered and we chatted for a bit, then he just kept chatting and chatting. We probably talked for an hour or so. When I got off the phone, I thought, “Man, I should have been getting things done and instead I was just chatting on the phone with someone that I’m not really interested in.” In hindsight, I realized after talking for a short amount of time, I should have told him I needed to go.

After I got off the phone with him, I thought, “I want to paint my nails for my Halloween costume,” so I got on Pinterest to look at cool ways to paint nails that would go with my costume. Then I started looking at other things I could add to my costume. One thing led to another and I spent over another hour looking at Pinterest (and I just decided to paint my nails plain red).

After wasting all this time, I thought of the things I could have gotten done and regretted wasting so much time.

This got me thinking about wasting money. It’s so easy to spend our money on whatever comes up. It could be stopping to get a snack or buying that shirt that’s on sale or going out for lunch. If we don’t have a plan for our money then we end up wasting a lot of it, just like I wasted a lot of time. I didn’t have a set plan for the night. I knew of a couple things I wanted to get done, but I let myself get sidetracked and didn’t have clear a purpose for getting those things accomplished. The same goes for our money. We might have a couple things we want to spend our money on, like that tropical vacation or that new car, but it’s easy to get sidetracked when we don’t have clear goals on what we really want and when we want them by.

Here’s my three basic tips to help you stop wasting money (stop wasting time).

  1. Write down what you actually want to spend your money on.
  2. Write down how much it will actually cost.
  3. Know your purpose for the things you want to spend your money on.

If I would have actually made a list of things I wanted to accomplish the other night and about how long they would take and remind myself of why I wanted to get those things done, I would have cut my phone call short and limited the amount of time I let myself spend on Pinterest.

So next time you’re thinking of spending money on something frivolous, remember what you really want, and why, so you can be disciplined to not waste your money on things that just pop up.

Share your tips below to help you not waste money or time.

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