Friday, 20 March 2009 15:49
Happy Friday Everyone!!! I can't believe another weekend is here, and we are entering the spring season! The weather has been great here in Indianapolis, and I hope it continues for awhile. Spring has to be the best season!
Well, on to the reason for this blog entry Recently, I ran across a blog entry on The Simple Dollar about the 10 Second Rule. To give a little background, I read a variety of blogs on things from credit unions to finance to just everyday stuff. The Simple Dollar is one of my favs. It is packed full of advice on finances and savings. Ok...the 10 Second Rule is basically this...count slowly to 10 before you make a purchase. While you are counting to 10, you should be thinking about why you are making the purchase and if you really need to make the purchase. The author gave the example of being in a bookstore ready to buy some books. Couldn't you just check the books out at the library, rather than making a large purchase?
I thought this rule was a great technique to use in today's world, especially with how the economy is looking. Everyone is saving more, but some are finding it hard to save. For those people, I think this rule would help, or at least get them started on the right track.
Do you have any ideas or other rules you or your parents use before buying things? I think it is a really GREAT idea to be asking our parents about this. They have a vast knowledge of how the world works and how to do things like this. So if you haven't asked your parents things they do to save money, you should do that now
I hope everyone has a great weekend, and I look forward to hearing your ideas!