Tuesday, March 20, 2007

How To Buy Nothing -Tax yourself

Very innovative and brilliant, will do.

From http://growyourwealth.blogspot.com/2007/03/how-to-buy-nothing.html


Tax yourself. Every time you make a purchase over $10 (or $50 or whatever limit you choose), take 10% of the price and put it into your savings or your investments. This way, you discourage yourself from buying something just because the item is "marked down" or "a bargain" and boost your financial security every time you make a significant purchase.[I think this is the best advice this article offers, by far. This is the first time I have read about adopting such a way of saving, and I would say that it sounds really good. By doing what is recommended, you feel the pich of your purchases, while at the same time your bank account grows silently over time.]

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