When it comes to giving financial advice, it’s very important to speak about the larger considerations that lead to good financial management. The habits you put in place, such as budgeting, working towards financial goals, contributing to good credit, all of this can make a massive difference in our greater financial health over time.
But it’s also true that the incremental choices and preparations we apply to our day-to-day living will supplement this most of all. After all, there are infinite ways to spend our savings and lose out on our financial health, and so each day we must discipline ourselves to always opt for the greatest good in terms of our spending and decision making.
This sometimes means that learning how to defend your spending choices is essential. This way, you can avoid peer pressure, defend against unwarranted costs, always shop for the most competitive option, and most of all, understand the worth of your budget and how this helps structure your life.
In this post, we hope to offer some principles you can use in support of that. Without further ado, please consider:
Remain Steadfast Against Social Pressure
It’s essential to remain steadfast against social pressure because often, it’s easy to find ourselves spending when we really didn’t want to. This might involve heading out and splitting a check at a restaurant despite not eating that much and other members of the party ordering much more, or it might mean turning down events, or instead of feeling as though you need to update your wardrobe continually, focusing on thrift store buys and acquiring second-hand garments could help you save money. When you feel confident enough to make those decisions and ensure you give you justification for friends feeling they can pressure you, you save money as a matter of natural consequence.
Flex Your Worth As A Client/Consumer
Defending our consumer rights is key to saving money that we may otherwise be swindled out of. For instance, learning how your vehicle operates under the hood can help you avoid being sold unnecessary repairs or treatment when bringing it to the local mechanics. Making sure you know how to negotiate can help you engage with contractor quotes more willingly. Not being afraid to leave a service that seems keen to lock you in can gain you better rates of service, too. This kind of approach can make all the difference. The same goes for getting out of fines with GetDismissed, or providing contrary evidence where necessary if involved in litigation.
Earn Your Right To Spend (In Your Eyes)
It’s good to justify your spending without a shadow of a doubt, because then you don’t have to look back at spending decisions with a sense of guilt. It might be, for instance, that in order to indulge in a larger purchase, you tie that to the accomplishment of a work goal or personal development, such as working on a fitness milestone. This way, you don’t have to justify or feel outside of your budgeting plans when treating yourself or investing, as you know this is a contingency you have already planned for and earned in your eyes.
With this advice, we hope you can more readily and comfortably defend your spending choices day-to-day.