Hilarious Things People Do At The Supermarket
As an adult, one of the most fulfilling yet challenging things we have to manage is our finances. When we were younger, we thought that money was easy to come by, and so we asked our parents for the things we wanted—often getting frustrated if they said no. Now that we're adults earning our own money, we might understand our parents’ sentiments better …
As a child, the thought of saving or investing was on the furthest corners of our minds. However, being an adult means that we have to secure our own money, so we need to be on top of our financial situation. That begs the question, how can we control our spending and grow financially as individuals?
Prioritizing our finances is one of the best things we can do for ourselves, especially once we reach the mid-20s benchmark. Not only is it the responsible thing to do, but we can also stress less in knowing that we aren't about to dive into a sudden financial disaster.
We tend to buy things we don't need, just because they're hip or trendy, as pop culture dictates. There's nothing wrong with buying fancy items once in a while—especially if it's something you had your eye on for a long time. But it shouldn't be a regular occurrence.
The concept of financial stability varies in every country. To some, it may mean having enough money to buy whatever you want right now. But for others, it is knowing that you will be taken care of now and in the future. It's possible to be financially stable even in your 20s.
Investing some of your money is a great way to grow your wealth. There's no age limit for when you can start investing; even teenagers and seniors do it. This could be one of the most valuable decisions that most young adults can make, especially if they want a better income stream.
If you feel like investing is too complicated for you, then there are others ways to achieve financial abundance. Take a look at this picture; which of these scenarios will lead to a more sound financial decision? It might not be what you expect. Please find out the answer next as we explore tips and tricks from financial advisors.
Logic might imply that we have less time to shop for ourselves when we're doing it with others, so we must be spending less. But this is a misrepresentation. We should be going shopping by ourselves! It can be a bit boring, mainly when we are buying clothes but it's a hack that can save you money. Here's why shopping with a friend can cause more harm than good ...
When we go shopping with a friend or friends, we tend to buy more stuff—these are items that we don't necessarily need nor want, but we feel like we do since our friends suggested that we should get it. Peer pressure is a real thing, especially when shopping, so be mindful of this trick.
Most brands hire a marketing manager because they want their products to be appealing to customers. These experts use psychology to make us desire and ultimately purchase products that we have no use for. So why do we keep buying stuff that we don't necessarily need?
When we pass by a store, the first thing that catches our attention is the marketing strategy and product placements. These are schemes created by marketing managers to buy a particular product by every customer who sees it. It's crucial to look beyond the marketing tricks set up by brands.
Frequently we are told that drawing comparisons lead to no good—but that's not the case when it comes to saving. Sometimes we see an item that we instantly fall in love with, but it doesn't fall within our budget. When this happens, we can use comparisons to steer clear of horrible decisions. Here's how ...
Say you find the sneakers of your dreams, but you're also planning on purchasing your very first car. Determining which is more important to you could save your bank balance from financial ruin. Now, another shopping hack that can be useful is this next one.
You might be wondering what the ‘24-Hour Rule’ is; well, it's one of the most innovative hacks that shoppers have come up with. More often than not, we tend to go into stores, and it's as if we always find things that we aren't looking for. So how can we combat this impulsive need to purchase unnecessary items?
We've all heard the phrase "if you want something, go for it"—sadly, this does not apply to impulsive shopping. Giving ourselves 24 hours to fully decide whether we really want an item is a great way to analyze how our money is spent. There's More!
Only borrow amounts you know you can afford to pay back. If you've had debt problems in the past, it's best to stay clear from this route even though it sounds tempting. The same goes with lending; if someone asks you for money, you know that they're not trustworthy and don't agree. This is how you behave smartly with your money. Please keep reading to find out why sales are bad!
One of the greatest capitalist inventions is sales! There's so much hype around sales throughout the year, and seasonal sales are some of the best schemes that most brands use to get their consumers to buy more stuff. However, we might not be saving as much as we think.
Whenever we buy something on sale, we aren't actually saving any money—we think we saved 30%, but in reality, we just spent a whole 70%. When you think of it, sales are some of the biggest capitalist rip-offs, and the only people who are gaining anything from sales are the suppliers. So we should avoid these as much as we can!
You may or may not be familiar with the Rule of the 3 8’s, but this is one of the rules that we should always be following. According to this practice, we need to have 8 hours of work per day, 8 hours of sleep per night and spend the remaining 8 hours doing something valuable. But, how does this affect our financial health?
In the remaining 8 hours that we have in our daily lives, it's crucial to do something valuable or freeing. Rather than going out or buying unnecessary items to feel fulfilled, engage in cheaper activities that still make you happy. Next, we discuss the truth about online spending and why you should be wary.
We have all been there—we've all fallen prey to the infamous "free shipping" scheme that most brands offer. However, the truth is that we are still paying to ship the products we're purchasing. How does this work, and why do brands claim they're offering free shipping when it's a lie?
Most brands that claim that they offer "free shipping" actually include the shipping fee within the item's base price. So you're still paying for it, but the costs are hidden! Next time, you should think about whether you really want the product or if you can purchase it at a physical store.
This is probably one of the most crucial things we can do to thrive in our financial health. Not only is keeping tabs on your finances the "grown-up" thing to do, but it can also help you build an appropriate spending habit. So does this actually benefit you, and how do first-timers go about it?
We know the thought of keeping tabs on your finances can seem a bit daunting, especially for novices, but it doesn't have to be. You can keep track of your finances by writing them in your journal, on your phone, or if you want to know more, you can enlist a financial advisor! There are so many ways to go about this, and it leads to success.
You might have heard this time and time again, but it doesn't make it any less accurate. When we get our paycheck, it's essential to set aside a portion towards our savings. Ten percent of your total income is the sweet spot, but you can save more if you wish. You will reap its harvest in no time.
Some people think that their savings account can be emptied whenever they please, but that's not something we should ever consider. Savings are there for a reason, and this money should be used for emergencies or investments.
One of the most common reasons people spend so much money on unnecessary things is their need to impress others. Whether we like it or not, we've all been there—we wanted the latest gadget, the dream trip, and the designer handbag. Although there are so many things wrong with this, people still do it.
Some people want to impress others to fit in, while others see it as a status symbol. All the flashiness can be deemed elegant at first, but you'll soon be in debt if you want to impress everyone. And if you think buying on credit is the way to go, you might be mistaken.
Ah, swiping our credit cards can be one of the most rewarding feelings and, in many ways, seems like a person has "made it" in life. But buying on credit can have consequences too. It's not as convenient as you might believe.
Most people justify their spendings because they're not technically spending a large amount right now—and because the item seems so appealing. But paying off credit can take a long time with all the interest you accumulate. However, in some instances, credit can be good.
If you're buying an item that's valuable and needs to last a long time, you should go for quality over quantity. Don't be afraid to pay extra, even if it means using credit. Store credit isn't a bad thing if you limit the number of items you purchase and don't buy more till your current debt is settled. Here's why sturdier items are better ...
If you buy a sturdier yet more expensive item, you'll know that it's something that can withstand the test of time. However, if you purchase something a lot cheaper but breaks easily, you will need to keep replacing this, and it will be more costly in the long term. So be smart about your purchases.
Most financial advisors cannot stress this enough: invest as early as you can! This is something that not many young adults (or even adults) think about, so we aren't surprised that you might not be thinking about investing now. However, certain factors and benefits as to why you should start investing at a relatively younger age.
There are so many ways that you can start investing, but it is always better to put your money in companies that share your values and will grow in worth over time. Nowadays, there are many helpful articles on the internet to guide us through investing, so there's no reason why you shouldn't start now.
Before you think about investing in other things, check first if you are actually investing in yourself. You might be wondering what this means; well, it simply suggests that you're giving yourself ample things, space, and resources to grow and reach your full potential.
Whenever we think of self-love, we might not always associate it with finances, but these two are pretty connected. Give yourself what you need without holding back, but still, be smart about it and try not to make this an excuse for buying unnecessary things. Being financially independent is one of the greatest things we can be, so do what you can to reach it.
Now that we have read through these financial tips and tricks, it might be time for us to re-evaluate our spending habits. Which of the hacks in this article are you most interested in? Let us know by leaving a comment below, and share this article with your family and friends so they can benefit too!
⚠︎ Illustration Purposes Disclaimer
Photos in this article are used for illustration purposes only. Depicted persons (all or some) have no relationship to any persons / events described in this material.