All posts filed under: earn&spend

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Christmas is coming…. and again about spending habits

 A special for you today with some tips on how to avoid debt hole after Christmas celebration, how to manage your fears, think wisely and make good presents without great expenses.   All cultures have different traditions of celebrating Christmas. Even the days differ: Swedes celebrate the 24th of December, USA and UK on 25 th, Russia and Greece go nuts as usual and celebrate on 6th and 7th of January. The traditions of giving the presents on Christmas also vary.  While Swedes are very overly generous when distributing Christmas presents compared to other countries, Svenska Dagbladet (SvD) recently published an article about the dangerous situations that arise as a result of giving gifts in the Christmas spirit.  The following quote stuck out to me especially:  “20% of people, according SvD, are ready to take a credit in the bank to buy Christmas presents.” Idiots! (It makes me angry! I simply cannot tolerate stupidity). I have nothing against generosity, but I have a lot of against the stupidity of people that allows them to  put themselves into debt hole.  All because of certain …

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Spending habits….. part two

It seemed to be much easier to describe bad spending habits than to write an article about how to change them. And it is quite clear why: many people have these bad spending habits, but the correct way to change them varies individually. 1. Parents’ example. If you spend the way you spend because of your parents and their example and you are 19 at that time – it is okay. But if you are 30 and you are still blaming your parents for your bad habits – it is your choice to do so!  You can choose to blame them until the end of your life, instead of sitting down and writing a list about what they did with their assets, what you think they did wrong and why.  Put that list on the door so it will be the last thing you see  before leaving your home on the way to work every day.  Promise to yourself to never return to your old spending habits.  You might also need to go to psychotherapist and talk with …

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I want this N O W !!!

To be able to invest and multiply our assets, we need to understand ourselves first and, in particularly, our spending habits. I will never forget a situation happened almost a year ago with my friends. We were sitting in a very nice and cozy Italian restaurant with 7 friends of mine after the ski day in mountains. All  my friends work at good positions in big international companies for quite a long time. It was Sunday night, 24 th of February. When the desserts were served my friends began talking about staying a little bit longer and waiting before midnight. I asked if it was any after ski tradition or so. They replied that there was no specific tradition; they just needed to wait for a midnight, because it was a salary day and exactly at 12 a.m. in the morning their bank account would receive thier monthly wage so they could pay for a dinner…. Continuing the discussion started a week ago about how we are influenced by the society we live in (Friday …