definitelyandrina.blogspot.com
Wednesday, November 19, 2008
need or wantfor the past week, my mom has been telling me if I were to earn a dollar, I'd have to make sure I wouldn't be spending $1.10. now, I couldn't agree less.
I was flabbergasted when I read one of the headlines in yahoo! Singapore news that "credit card loans up by S$840m in 12mths to sept".
it also stated "the percentage of outstanding credit card balances rolled over for more than one month..." in short, increased!
I remember one of my girl friend said that all my assets could fit into my pink,polka dot,butterfly purse when I told her that was all I had. reason why? simple, I overspend.
major mistake, getting things on impulse. I currently have $2 in my Guess wallet, to last me till friday. wonder how am I going to survive... for starters, my 2 lunches are going to be bread and peanut butter:(
the reason why we youngsters tend to overspend is simply, we spend more than we earn. we are likely to go for branded items. most of the time mistaking a need for a want.
I have to learn the hard way!
so the next time you grab something at the store, do ask yourself whether its a need or want. and keep in mind my mom's wise advice, "do not spend a dollar when you're earning a $1.10.
*reference: http://sg.news.yahoo.com/cna/20081118/
tap-615-credit-card-loans-s-840m-12-mont-
231650b.html
with love, at 9:31 PM