Article Directory One Of The Best Free Article Directories

From the existing economic crisis, we have learned one thing-savers are forever happy and more secure in their lives. While being a spender can be really fun, it sets off your chance in having an enjoyable life. And it is necessary for you to be realistic in life, be aware if you spend too much or not. Answer all the questions below with honesty and see if you are spender or a saver.

1) Are you living your life with the principle of “live for today”? If you answer yes, most likely you are spender. You tend to use your credit cards often. Moreover, you will borrow money from your friends with a promise that you will return it tomorrow. Borrowing money just to pay other debts is the biggest warning sign. People who used to refinance their homes as well as having problems in terms of paying mortgage seem to be like that.

2) Do you buy things that you can’t afford, and defend the action by convincing yourself that you deserved these things anyway? Once more, it is the mentality of being a spender. All of us deserve the nice things around us; and it is only by means of hard work that we can be able to get those things.

On the other hand, the most essential thing is the right timing when doing big purchases. You have to consider the perfect time to reward yourself, for instance, you are doing well in paying off all of your debts plus you gain unexpected large amount of money. If that is so, you can allocate 10 % of that money to pamper yourself.

3) Do you ever experience that most of your foods in the refrigerator are wasted? Do you buy many clothes and stock them in your closet? Probably, these are the signs of spending too much. Spenders will keep on buying things without asking themselves if they really need those things.

This means that you are not good when it comes to spending money because you spend too much without thinking of the possible effect. It also manifests in the things in your home, such as clothes, that you do not use or wear. This is the challenge, look at your closet, get all the clothes you don’t really appreciate, and then sum it up. Ask yourself, which do you prefer -the clothes or the money?

Jeff Deutsch studies and writes about personal finance matters and acts as a guest blogger for this website. To read about New Jersey jumbo mortgage and jumbo mortgage rates NJ please click the preceding links.