Learning to be wiser in spending cash

It's 10 am and I'm still at home. Feeling a bit sleepy. =PToday I want to share about how I spend my money, and I think it's gonna be useful for you.

I saw many people made a big mistake in their spending habit. They bought things they don't need, or above what they can afford. For example, one of my friend bought this fancy necklace for his girlfriend that cost him $300. After he bought it, he said to me that he feel regret that he bought that thing and that decision keep haunting him day after day. Well to some of you guys, $300 is not so much. But for him, $300 almost drain all of his saving.

That's just an example, you can go from $300 to $3000 or to $300.000. The amount doesn't really mater, what really matter is that he drain almost all his saving, because of his impulsiveness.

I also have a bad experience buying things more than I can afford. When I was studying in Australia, I really love gadget. I spend most of my money buying these gadget. One of the day, I bought this camera from EBAY that cost me about $2500, that's including shipping. How much did I earn at that time? Zero. After I got the camera, the happiness only last for about 2 weeks and that's it! The camera was sitting there on my computer table everyday, USELESS. I bougth that olympus personal video glasses, I forgot the name. I also bought another Digital camera, SONY DSC F707.

Until one day I found out that my cousin buy a "TAG HEUER" $700, using his saving, and he going back to our home country bringing $2000 saving. That's shocking, All of my things is depreciate in value, well sure TAG watches also depreciate in value, but not like my digital camera and my Sony Micro mv!

But for your information, that event didn't stop me from buying this GADGET. When I went back to Indonesia, I thought that I need a new phone to replace my old SE P800. When I get back to Indonesia, I got around $15000 saving ( I will let you know later how did I get it). Never held that much amount of money, I began in searching for a super mobile phone. At that time, DOPOD 900 is the most expensive phone on the market, and it cost me around $1000 to bought that thing. After I got the phone, I feel like "superhero". Remember when you were kid, when you got your first bike? How long did it last? (the feeling). It only last for few weeks right? days maybe. That goes the same for me too! It only last for 1 week, and I sold it for $750 in the 2nd week!

That's the last time I ever bought those useless things! We all want something right now, right at this moment, that will cost us a fortune (new car, new watches, new gadget, new laptop, new dress, new bag, etc). But please sit back and think for a while. Will the spending affect your cashflow? Will it make you feel guilty? Will you regret after you spend your money?

Nowadays I'm into luxury watches, and I only buy them below the market price. I buy property not a new car. I buy diamond or gold but not a new gadget. I buy education (books, cds, and attend seminars) rather than spending my money in the club.

You KNOW when you've made a right decision. I feel happy now when I bought my $1000 cross trainer. Why? Because it's usefull for me and the rest of my family. Invest in your HEALTH. You can have all of the money in the world, but if you're sick. You cannot enjoy it right?

Ok, time to go.
See you!