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Functional Area : Money Deprivation
Activity:  14 comments  530 views  last activity : 07 06 2010 20:18:04 +0000
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Save by Spending - Money Saving Tips With a Difference by Preventing Deprivation (Over-Spending)


You're sick and tired of not having money, and the minute you have some, it's gone. That's a sure sign of deprivation getting to you. So how can you fix that situation?

By incorporating little indulgences into your daily life! What? Spend more money? Yes, but just a little - where it matters. And save it somewhere else where it won't matter so much.

The key is that you pick something that makes you feel really pampered, preferably over a period of time, while the higher cost compared to its generic equivalent is not that significant.

For example, when I was in graduate school, I would occasionally indulge myself in buying a really cool pair of socks. I'd spend 10 bucks on a pair if I really liked it. But I would wear them a lot, and they would make me smile every time I put them on.

I also like certain shampoos or shower gels. So what if they cost twice as much as the cheapo version at the dollar store. Imagine how many showers you get out of an 8 oz bottle of shower gel. Probably at least several months' worth. So imagine that the bottle of my favorite costs 10 dollars instead of 2, which would be an outrageous upcharge if you think of it as a 500% increase in price. But per shower, it's just pennies. And I take one every day. How many other things give me so much extra pleasure for just a couple of pennies a day?

And if you like eggs and prefer organic, so what! Eggs are still among the cheapest staples out there. The nutritional value of the organic ones is so much higher than that of the regular kind. Plus they taste so much better!

You can even leverage it: Buy the regular kind for hard boiled eggs, and use the organic, fancy grade eggs for the sunny side up variety. So you get some savings and a lot of the enjoyment at the same time.

And here's another one. Gourmet cooking, done on the quick and cheap. Get some basic ingredients, for example chicken thighs, which I personally think are the tastiest part of the bird, throw them into a big frying pan and sautee with spices. Throw in half a cup of some beverage, wine, beer, or apricot juice, and simmer until tender. Yum!

And if you prefer to splurge and like chicken breasts, even organic ones, why not go for it. It's way cheaper than at a restaurant, and once you get the hang of it, it's really tasty.

Just make sure you stick to treats you really enjoy!

So money saving tips don't always have to end up in deprivation. Sometimes, you'll save money by giving yourself treats.

 Top Comment : K. NARAYAN   | 05 29 2010 09:30:18 +0000
Basically this means give yourself a lot of small pleasures , and forgo the really big pleasure ! Indulge yourself regularly , and sacrifice your annual vacation ! May or may not work for everyone.
 
14 comments on "Save by Spending"
  Commented by  NATTERAJA R. ARIKRISHNAN, Area Sales Manager, HPL INDIA LTD, CHENNAI    | 06 25 2010 18:59:24 +0000
Good one, very nice and thanks for sharing Ms.Suganthi
  Commented by  suhaschandra deshpande, Marketing Associate    | 06 06 2010 21:45:53 +0000
Rating : +1 
"Spending Only Can Bring You Back The Same Or More Amount In A Different Form" But This Is Applicable Only When You Spend On Others....Not On Yourself....

"Deedhalyaween Prapt Hot Nahee !!!" - A Marahti Saying
Rating : +1 
well thats cool but i follow this trait when i was out of my home long years back. but i like wine or scotch with red meat. if you don't mind can you give some good recipie to cook red meat
  Commented by  Wajid.Pathan, B.Tech/B.E., ,Pune,Engineering Professional    | 05 31 2010 10:09:27 +0000
Rating : +1 
Good one.Thank you for sharing
  Commented by  Krunal Kothari, BDO, GLOBAL EXIM    | 05 31 2010 08:42:38 +0000
Rating : +1 
Hi. I believe in these words " SPEND AFTER SAVING"
Current trend is "SAVE AFTER SPENDING".

Young Generation should believe & follow in the FIRST sentence rather than the SECOND.
  Commented by  Ravindra Sharma, Managing Consultant, CHEF-India    | 05 31 2010 07:00:15 +0000
Rating : +1 
Good One Suganthi,

Eat safe food, Invest on water purifier and save on medicines.
Spend time, practicing Yoga and safeguard from lifestyle ailments..... 
  Commented by  k Rajagopalan, Area Manager, Amitex Polymers (P) Ltd.    | 05 30 2010 16:12:45 +0000
Rating : +1 
Hello Suganthi, good concept and indeed it is interesting. 
K Rajagoopalan.
  Commented by  Krishna Bhardwaj, Lyrics Writer, Freelancer    | 05 29 2010 15:53:27 +0000
Rating : +1 
I liked the concept of yours. Thanks for putting the subject in the community.
  Commented by  haresh Jayantilal Shah, Account & Computer Opertor, Giriraj Plastic    | 05 29 2010 15:05:41 +0000
Rating : +1 
Thanks for the invite Haresh Shah, know something interesting the atharva veda says"poverty and ignorance are sins. a truely succuessful man is the one who uses his skill to create wealth, and then manage the wealth properly" I like the concept of Robert Kiyosaki, you first pay yourself, then you figure out what to do with the rest.
  Commented by  parwati singari, Lifestyle coach., Indepenent practise    | 05 29 2010 13:12:56 +0000
Rating : +1 
Thanks for the invite Suganthi, know something interesting the atharva veda says"poverty and ignorance are sins. a truely succuessful man is the one who uses his skill to create wealth, and then manage the wealth properly" I like the concept of Robert Kiyosaki, you first pay yourself, then you figure out what to do with the rest.
  Commented by  Vipin Bhasin, Private Equity/Hedge Fund/VC-Manager, Indian Investment Co.    | 05 29 2010 13:00:24 +0000
Rating : +1 
Great Suganthi......
  Commented by  shaikhraashid, audit officer, smmundra & associates    | 05 29 2010 09:44:32 +0000
Rating : +1 
i am not that sort of man, rich people never know what is saving tips
  Commented by  Dr Ali Ahmad, Medical Superintendent/Director, Surbhi Hospital    | 05 29 2010 09:32:03 +0000
Rating : +1 
Very true Ms Suganthi, we should give treats to ourselves more often, after all the saying also goes-PENNY WISE POUND FOOLISH.We just have to spend right at the right place.
  Commented by  K. NARAYAN, MANAGER - PROJECTS, FIRST ALUMINIUM NIGERIA Plc    | 05 29 2010 09:30:18 +0000
Rating : +2 
Basically this means give yourself a lot of small pleasures , and forgo the really big pleasure !

Indulge yourself regularly , and sacrifice your annual vacation !

May or may not work for everyone.
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