If one looks at the inherited wealthy in Australia or the UK, then they are pretty low key. They do not mix over much with people out of their socioeconomic base – unless they’re doing charity work – and they have long-established friends and a select social circle with whom they associate. Self-made wealthy are more down to earth, but conversely, they can be downright snobbish as well when they have made the spending habits to the top of their particular pecking order. Self-made rich people are very conscious of the hard graft it too to make their money and are good hard workers. The instant lotto winners are the people who make the headlines blowing all their money and back on the dole in a few years.
I think the spending habits of both types of wealthy are probably pretty careful but obviously, if they buy – for example – shoes – their purchase is likely to be a darned sight more expensive than – for example – my own!
How Can I Change My Spending Habits?
For online and in-person purchases, both: give yourself a 24 hour waiting period before unplanned purchases. If you still want it in 24 hours then purchase it, it’s no longer unplanned at that point.
If you shop online: Don’t use PayPal or save your credit card anywhere; always make yourself get up and get a debit or credit card to enter every time. That gives you at least a couple seconds to think it through.
Don’t make online orders from your phone, always use a laptop if you have one. The idea here is to make it take more time so you can talk yourself out of it.
Unsubscribe from promotional emails from stores and brands or make a filter, so they go into a different tab/folder.
Don’t browse brand websites and shopping websites, especially when bored.
For in-person purchases: Don’t go to stores to browse.
Shop with a list and buy nothing, not on that list.
Don’t go into areas where you know there’s nothing on the list – for example, if I go to the pharmacy at Target, I’m not going to walk through the candle or makeup areas.
Also: never make purchases when sad, depressed, lonely, ill, etc.
Simple Ways To Spend Less
Some simple ways to spend less on groceries is to comparison shop, use store apps, and make a list and stick to it!!
This sounds tough, but it’s not. Just sit down, and look at what you’re spending on, and see what, if anything, can be done without. I think most of us could give up or change the things we buy to save.
Eat at home instead of eating out as much as you can. Packing a lunch isn’t so bad.
I prefer to pack a lunch for my husband. He eats much better, and it’s easier than having to drive someplace to buy fast food.