Learn to spend wisely

Recession. A very popular topic these days. Even in Poland, despite quite good growth rate, there are signals of slowing down. In US and western Europe it has started a few months/years ago, because of delays in mortgage payments, banks investing in risky stuff, people’s wallets depending more and more on credits and so on.

Due to the recession, it’s a good time to consider spending less. But it’s a wrong assumption! It’s always good time to speak about spending more wisely! No matter what’s the situation on the market we should always tend towards a balance between what’s earned and spend. Why? As human beings easily adapt to propitious environment (that’s why we gain weight easily, and loose it not that easy!), once the good time ends, it’s simply very tough to adjust to the harder conditions, be it less money, more responsibility, or further way to work. Thus it’s wiser to ‘pre-adapt’. 

A solution is to always leave a reserve: to spend less than you earn, to be more responsible than you meant to be (it always pays off!), drive economically even if you can afford for extra gas, or don’t buy 6th pair of jeans if you already have 5 in your wardrobe, and only one worn at the moment. Treat yourself like an investment and your wallet as investor’s one. No one wants to overspend. Try it and you’ll sleep better.

Let me know what do you think about it. It works for me. It should for you too.