This week’s tip is less about actually saving money and more about a way to make you think before you make any purchases, which I suppose in turn will save you money so it is about actually saving money really isn’t it?
First of all, work out how much your hourly wage is – just for the sake of having a nice round figure let’s say it’s £10 an hour.
Now, every time you’re trying to decide whether to buy something, work out how long you would have to work to pay for it. So if you’re thinking about a family takeaway for £20 ish, you would have to work for two hours to pay for it. Do you really want to spend money you’ve worked for two hours to earn on a quick takeaway?
You can apply it to everything you have a choice about – the full Sky package per month could work our to seven hours work which is worth it to some as it’s their only extravagance but to others not so much! That new handbag you might be considering might not be worth it when you consider how many hours work it will cost you (although depending on the handbag it may possibly be totally worth it 😉 ).
Try it, it really works!
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