Understanding Spending Makes it Easier to Save More Spending and savings are opposites sides of the coin. The more you spend, the less you can save. We spend to buy the things we need: food, clothes, shelter, transportation, education, communications. But most of us spend far beyond life’s basic necessities. We buy everything under the sun, whether we need it or not. We even buy things we don’t want. We spend for five basic reasons: We buy the things we need to live. We buy the thing we want. We shop to pass time with our friends and have fun. We shop to relieve stress. We buy to impress others and to bolster our self-esteem by associating with cool lifestyle brands. When shopping is your preferred form of recreation, therapy, or esteem building, it’s easy to spend too much. Although you may shop for pleasure, overspending almost always has a contrary effect, especially when the credit card bill arrives. News Flash: You’d don’t have to spend a lot of money to realize the recreational and therapeutic benefits of a trip to the mall. The rewards can be inexpensive or even free. You can socialize with friends over a cup of coffee and satisfy your shopping urge without emptying your wallet. As a matter of fact, you’ll derive more pleasure from several small splurges than buying a fancy espresso machine...
Read MoreAuthor: Steven Lome
Marriage or Money
https://500dollarcupofcoffee.com/wp-content/uploads/2017/08/Marriage-or-Money.mp4 Marriage or money, which comes first? In previous generations it was common for spouses to marry young and poor and work toward financial security together. Today many young people are more eager to find a good paying job than a spouse. When уоu get mаrrіеd, thеrе аrе three mаіn options fоr dealing wіth уоur money. Thоѕе іnсludе keeping уоur finances ѕераrаtе, mеrgіng ѕоmе of уоur ассоuntѕ оr putting аll оf уоur financial еggѕ in the ѕаmе bаѕkеt. Eасh орtіоn hаѕ іtѕ рrоѕ аnd соnѕ, whісh аrе іmроrtаnt tо соnѕіdеr as уоu and your ѕроuѕе mар оut your...
Read MoreCelebrating National Coffee Day
https://500dollarcupofcoffee.com/wp-content/uploads/2017/10/MyFi-Inc-Celebrates-National-Coffee-Day-Captioned.mp4 MyFi, Inc. celebrates National Coffee Day with “The $500 Cup of...
Read MoreThe Story Behind the Book
https://500dollarcupofcoffee.com/wp-content/uploads/2018/01/My-Story-Behind-the-Book.mp4 Authors Steve Lome, a residential real estate developer, and Dave Kramer, a mortgage broker, nearly lost their shirts when the housing market crashed in 2008. Picking up the pieces, they wrote “The $500 Cup of Coffee” to inform and inspire others to build and hold onto their...
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Take control of your money and your...
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