Money management tips don’t have to be hard to make a significant difference in your spending. Today’s tip is a perfect example. It’s called Life or Death. To use it, simply ask yourself before every purchase you make, “Will this purchase mean the difference between life or death for me?”
The Advantage of Money Management Tips
Money management isn’t just about how you spend—it’s also about how you don’t spend. This tip may seem a little melodramatic, but it sends an important message, which is: every month (maybe even every day) you make many purchases that you can totally live without.
Getting the Most Out of Money Management Tips
If you’re up for an extra challenge, allow yourself to only purchase those items that your life literally depends on for the next week. You’ll be amazed at how much money you save!