The Spend Less Challenge: 1 Idea for Every Day of the Week
We've found the easiest strategies to help you save more and stash away the extra money—without having to pause your (necessary) spending.
Tuesday: Ignore the Discount
Curb your appetite for irresistible Groupon and LivingSocial deals by unsubscribing from daily deals or filtering the emails out of your in-box. The fact that you spend less on something does not make purchasing it a smart move—or make it something you can afford. A deal that reduces the tab at a favorite restaurant or halves the price of a pair of designer shoes can still be a huge mistake. Yet, people get so seduced by the amount of money they're "saving," they overlook the fact that they're still spending. This needs to stop. Spending a cent on any "want" when your long-term needs are being ignored or shortchanged is irresponsible. A discount can be a disaster if it keeps you from focusing on what's important.
— Suze Orman
— Suze Orman
Published 05/14/2014