While my clients come to me for help making smart property investment decisions, many of them are doing this for the financial stability it can afford their family.
Now, if that sounds like you, you’re probably interested in finding out some other ways to have a financially-healthy household.
One important way you can do that comes down to making sure you’re getting the maximum return for dollars spent.
That’s why today, I’m sharing with you 3 habits you can follow every day to do just that.
- Consider the value from each dollar spent
What I mean by this, is that the most expensive version isn’t necessarily the best option for your family.
For instance, if your child wants a dirt bike, you should figure out if they are going to get great value out of it.
Chances are, a new push bike might be a better option because they can get more exercise out of it and as a family, you can all spend more time on push bikes than you can on the single dirt bike.
- Plan your purchases before a shopping trip
Before you walk into a store to purchase anything, make sure you know what you intend to buy.
There’s nothing wrong with getting out and splurging on the family now and then.
But, there’s no point taking part in frivolous spending activities that don’t lead anywhere.
No one wants that empty feeling from buying something that gets used once before it’s thrown away.
Planned purchases are deliberate and can help you make sure you get the maximum value from your spending choices.
- Emphasise experiences over material possessions
The final habit is very close to my heart, and that is emphasising experiences over material possessions.
I know that the memories I have from my younger years of travelling or seeing an exhibition will last me a lifetime.
While on the other hand, a pair of shoes or a soccer ball that I wanted at a particular point in my life are now insignificant to me.