Want to know an easy way to save money?

Be someplace where there is nothing to buy!

It may seem simplistic, but I tell you – it works!

Here in Bujumbura, Burundi I was excited to make it to the big city. Thinking that I might be able to buy a couple of things that I couldn’t find in DRCongo. Turns out that there is jack squat to buy here! I went in search of some treats for colleagues still back in DRC and came up with a measly pack of M&Ms! At least I know I’m not missing out on anything.

Another bonus is that the everyday items from the states were really expensive. When I looked at cheap brand of shampoo costing $15 it made me want to conserve the 2 oz that I brought for my initial month here!

Obviously you want to learn to resist the temptation of consumerism while you are inundated by it – but an easy way to save money is to retreat altogether.

This can be for a short weekend of going on a spending hiatus or a longer period of time.

For example, between high school and college I worked at Crater Lake Lodge. This was a fabulous way to save lots of money as there was nothing to buy even if I wanted to. It’s easy to save money and live frugal when you don’t really have a choice!

Keep in mind for this to work that you can’t spend a bunch of money in preparation of being somewhere where you can’t buy things! Otherwise you might not end up ahead at the end of the day.

Cheers,

Miel

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

Couples Finance

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