Putting aside for something

I just got an LCD monitor and new keyboard for a hefty price, fruit of two years of savings.

It’s good practice to put aside a part of one’s income for something we want to buy.

1. List the items we’re targeting to get
2. Prioritize the necessities from the ones that can wait.
3. Check the item you were able to buy already and on to the next until you’ve checked all on your list.
4. Start saving and whatever happens (unless it’s really an emergency – and you really have to have discipline to do this, don’t touch it!)

Of course, when it’s a health-related expenditure, AND only for such unforeseen crisis that needs immediate financial disbursement, we’ll have no choice but to compromise our savings, that’s okay, family and health comes first over things, we can just start saving again after.

One of the important things to remember when saving for something is to clearly know which is a ‘need’ and which is a ‘want’, that way, we don’t give in to compulsive buying or to ‘just buying because we want what the Joneses have’.

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