Can’t Get What You Want? Plan Ahead To Get What You Need [EXCERPT]

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Pen over forms with check boxes and hundred-dollar bills fanned out.

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We’ve officially hit summer—the season of fun!

And while you may not associate “budgeting” with fun, you probably associate “spending” with it. That’s why SALT™ has content this month about paying for stuff you want while affording stuff you need, like this new, FREE article from Elaine King on saltmoney.org.

Elaine is an international author of two award-winning books. Check out this excerpt and click through to read the full article.

I moved from Peru to Mexico when I was young. In Mexico, it was the best of times—the economy was booming. In Peru? Let’s just say that “booming” was not the right word to describe things.

I went from scarcity to abundance. From lack of options at the store to too many options. For example, American clothing stores seemed to be in every corner in Mexico. I loved shopping and wanted the latest trends. However, I quickly learned that there’s a big difference between “wanting” something and “needing” it.

Of course, I wanted a new red jacket, but if I had one already, did I need it? Shopping was not sustainable on the amount of money I had, so I had to budget. In no time, I was saving a little to purchase things I actually needed—while still being able to choose how and when I could get those new jeans.

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  1. Kimberly Deabner July 1, 2013 / 3:04 pm

    This past semester, I was all about making every penny count for the things that I needed. Since Summer break, I have been indulging a little too much of that freedom in wants. I think we all need some reminding every now and then how important those pennies once were.

    • Ryan Lane July 1, 2013 / 3:25 pm

      Absolutely, Kim! Thanks for the comment! Also, we all probably need a reminder that we deserve a bit of an indulgence–especially you, if you were scrimping away all semester. The key part is to avoid keeping yourself in agony all year so you explode into a spending spree that you’ll regret. Susie had a great post a little while back about some guilt-free ways to treat yourself: http://blog.saltmoney.org/4-guilt-free-ways-to-treat-yourself/.

      • Kimberly Deabner July 1, 2013 / 3:57 pm

        Thanks for the link! I had a chuckle at the “Yeah, yeah, yeah, we hear this advice everywhere” part. It is true though! Very great advice/rules to live by. I think I will start keeping a more so detailed budget to plan some fun here and there when times get stressful.

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