Monday, 27 September 2010

Six situations where you should gladly overpay (Part 1 of 6)


Frugality enables a better life by allowing you to choose. Instead of spending your resources on everyday consumption, you can decide when it is opportune to make extra expenditures. Normality seldom justifies extra expense, but sooner or later, everybody faces a difficult period that demands extraordinary exertions.

If you acquire sensible financial habits, you will be able to accumulate savings to cushion adversity and misfortune. However, a judicious management of your resources should not entail counter-productive economies. What you want is to apply your financial reserves to those areas where they are most needed.

In general terms, there are six situations where you should gladly overpay, namely, to acquire long-term assets that generate revenue, to solve serious health problems, to correct critical mistakes, to protect yourself and your possessions, to learn new skills at great speed, and to obtain performance guarantees. Let us review these points one by one.

To be continued in Part 2

[Text: http://johnvespasian.blogspot.com]

[Image by Tony the Misfit under Creative Commons Attribution License. See the license terms under http://creativecommons.org/licenses/by/3.0/us]

Six situations where you should gladly overpay (Part 1 of 6)


Frugality enables a better life by allowing you to choose. Instead of spending your resources on everyday consumption, you can decide when it is opportune to make extra expenditures. Normality seldom justifies extra expense, but sooner or later, everybody faces a difficult period that demands extraordinary exertions.

If you acquire sensible financial habits, you will be able to accumulate savings to cushion adversity and misfortune. However, a judicious management of your resources should not entail counter-productive economies. What you want is to apply your financial reserves to those areas where they are most needed.

In general terms, there are six situations where you should gladly overpay, namely, to acquire long-term assets that generate revenue, to solve serious health problems, to correct critical mistakes, to protect yourself and your possessions, to learn new skills at great speed, and to obtain performance guarantees. Let us review these points one by one.

To be continued in Part 2

[Text: http://johnvespasian.blogspot.com]

[Image by Tony the Misfit under Creative Commons Attribution License. See the license terms under http://creativecommons.org/licenses/by/3.0/us]