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Money Blunders #1- Bargain Shopping
Posted 07-24-2008 at 06:55 AM by Liss
Lately I've been reading lots of posts and frustrations of people that are doing everything they can to get out of debt (or at least prevent themselves from getting in any deeper) and the one thing I often see these posts have in common is Bargain Shopping.

You think to yourself,
"WHOA, I can't afford NOT to buy these, they're practically giving them away, they're only $10!".So you add that $10 to the cart. A little later in the day, you swing into Starbucks for a mocha frappuccino, there's another $4.
You've just bargained shopped your way deeper into debt.
Do you know how easy it is to lose $5,000 ? It takes just $13.69 per day. So while these little purchases may seem like great deals or big bargains, it can be a pitfall for your budget.I challenge you to keep a small envelope in your purse or above the visor in your car. Anytime you spend ANY money, slip the receipt into that envelope. At the end of 1 month, go through and add up all of the unnecessary items, or "Bargain" items, convenience items such as that frappuccino that you had to have on your way home.

Total Comments 17
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This is a really great recommendation. Thanks
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Posted 08-01-2008 at 10:57 PM by jrnalo
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I think I will try that. I can never get out of Wal-Mart with just the items on the list. Thanks.
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Posted 08-13-2008 at 11:24 AM by wilbe95
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that makes a lot of sense and explains where all my money goes!
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Posted 09-09-2008 at 03:43 AM by Elliejj
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wow , time to brown bag and not spend 5 dollars on lunch at my work!
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Posted 09-09-2008 at 09:51 PM by semmel88
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I like this idea and I'm going to do it..............
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Posted 09-18-2008 at 11:02 PM by Sharon
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Great idea! I was trying to keep a spending journal, but lost the oomph at day 5. This is easier to do.
Thanks! |
Posted 09-21-2008 at 03:49 AM by frugalsinglemom
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$13.69 a day=That is unbelievable....I would never have imagined that little bit of money would add up to so much. MY dd (homeschooling mom of 3) that she needed a way to earn some extra cash...she's already making $5000.00 a yr. to stay home with her kids...
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Posted 09-27-2008 at 05:57 PM by bflegg
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I'm glad I'm not the only one who thinks this way. My sisters-in-law never pass up a "bargain" and both are so deep in debt!
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Posted 09-27-2008 at 05:58 PM by FruGal
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This definately makes sense! When charging things I spend more than I do if I was paying cash!!
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Posted 11-24-2008 at 05:24 AM by cedrica3500@yahoo.com
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yup that what most people do
Extra spending |
Posted 12-01-2008 at 07:26 PM by danghsia
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