At the beginning of last month, I sent out my monthly Saving Money Challenge. (BTW- Sign up here to get next month's!) The subject was advertising. I discussed how advertisements can influence our purchases and be detrimental to our efforts to save money.  

 

One of my best friends read the email and responded to me, letting me know that she had done me one better- even before reading my challenge, she had done her own thing to avoid advertisements-- she unsubscribed from the mailing lists of two of her favorite clothing stores!

 

I was so impressed. I hadn't even thought about unsubscribing from store emails! Dang. Anyway, thanks, Margaret, for inspiring this post! :)

 

 

What type of financial personality are you?

I truly believe that personal finance is approximately 75% self-awareness and 25% financial knowledge. One of the best things you can do for your finances is figure out what kind of financial personality you are.

 

For example, can you motivate yourself to save or do you need to reward yourself? Why do you spend money?

 

And most importantly: Are you a spender or a saver? 

 

Why tempt yourself?

If you realize that you're a spender, then it might be time to reevaluate how you live your life. (that sounds kind of dramatic, doesn't it?)

 

What I mean is stop temping yourself! You are probably bombarded every day with emails from your favorite stores. Pull a Margaret and unsubscribe from those emails! You don't need ads coming straight to your inbox every day- that's just asking for trouble.

 

 

 

Stay AWAY from deal sites!

Another tempting situation for spenders are deal sites. You know them- the Groupons, Living Socials, HauteLook, etc. Every day you get an email with a new AMAZING deal that you've just gotta have right now. But if you're a spender, those "deal" site are the WORST thing you could do for your finances!

 

Yeah, maybe you sometimes score a good deal for something you actually needed. But most of the time, you're just buying crap that you didn't know you wanted until you saw the email with the big "50% OFF FOR THE NEXT 3 HOURS" subject line.

 

Save yourself from their clever marketing ploys and get off of those lists ASAP.

 

 

 

Are you a spender or a saver? Do you subscribe to your favorite stores' email lists?