Mind Stimulation: New Read/Book.

Hello you beautiful people. It's a rainy day here in North Carolina, and all I want to do is lay in bed, snack, watch good movies and do a little reading. What about you? Well, I'm actually here at work with an overloaded mind and a lot of other stuff but that's besides the point. I won't mope and groan right now.

Let me tell you all about my new read. It may be an old book to you, because I have seen it around before but it's a new read for me. I'm pretty darn excited about it, and so far it has been very valuable and helpful.

It is Suze Orman, The Money Book for the Young, Fabulous, & Broke. That sums me up in three words, lol. I'm no where near wealthy so that means I'm still broke.  See, honestly I have not had much experience with being taught the proper and correct protocol when it comes to my finances. I've struggled time and time again with saving and managing money and fail often. But, one thing I know that I hate is having a small balance in my account, living paycheck to paycheck, not understanding proper financial terms and so much more.

I decided to go ahead and pick up the book to see if it could help me with getting my finances in order and if not that help me to better understand what is happening in this money filled world. Dealing with credit is not for the faint hearted so I've decided to buckle up and take this by storm.

I'm excited to know exactly what and how FICO works. Because if you would have asked me that a few days ago, I would have been a deer in the headlights.

What are you reading right now to stimulate your mind???

Money : Saving Instead of Splurging

"Price and Value don't always go hand in hand. You don't always need to spend to get more" -CNN 

A while ago I was the one who needed some advice and tips on my money habits, and I still do but I am getting better.I would splurge on what caught my attention, anything that I thought I needed stating that I should buy the pieces because they may not be at the store when I come back. I would splurge instead of saving first, in terms, "shop until I drop". 

Now by all means if you have it, go for it! Everyone knows what they need to do with their money and accounts. Plus I am not your financial adviser, and honestly I hate numbers and Math but when writing these posts it is like a lesson and advice to myself as well to become better and to help you out with my thoughts. 

Now how can you benefit from saving for what you want instead of Splurging? 

1. You can buy what you want instead of settling for a cheaper dupe or version of the item whether it is clothes, accessories, house decor, or whatever. 

2. You will not spend all of your money going broke trying to splurge, and still have money for other things.

3. You can save enough money for what it is that you want and then splurge on that item, and maybe some.

4. Saving helps ensure money management instead of creating unnecessary debt. 

5. When you splurge you have to make up for your loss of money. The key is to bring in more than you spend. 

Remember priorities first, then everything else thereafter!! You don't have to "keep up with the jones"....

When you save for the items that you would like to purchase you can always get the best. I like to think that Quality is better than Quantity any day. When you invest in quality it will last longer, and you will not have to keep buying the same product again. 

Another tip is to create separate bank accounts, such as two checking accounts plus your savings. Deposit money into one account for bills, and the other as your spending habits money. 

Leave your comments below with any tips or ideas that have helped you with your money management.

LIPSTICK & LOVE, XOXO 

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