My name is Mandy and I’m the author of a blog called Money Master Mom. I’d like to help you align your spending, time and energy with your values.
Back in the day when we had satellite TV (we cut it because it was providing us little value, and was costing us a lot of time) I watched Survivor. I enjoyed the episode where they brought food in front of the starving contestants and then auctioned it off. Some items provided little value for the contestants and resulted in low bids, but other items, like a cheeseburger, provided high value and bidding wars ensued. It was an interesting display how value and cost can sometimes vary a great deal.
If you want to make the most of your money you need to match your spending with your personal values. Take some time to consider what purchases provide you with a great deal of satisfaction; these purchases are high value buys. Purchases that adequately serve the purpose are mid value buys, and stuff you pay for that drives you nuts, or is soon forgotten. Yeah, you got the pattern, that’s a low value buy.
How do you match your spending with your values?
Only spend your cash on high value items, and avoid the low value buys (no matter how tempting the deal)
If you’re like me getting a great deal can be a real day maker. I’m a mother of 3 (ages 4,3,and 1) my life is busy, but rather predictable. A great deal is like flowers from your husband, unexpected and unforgettable.
But have you ever found yourself purchasing something that previously was off the shopping radar?
Would you be interested in a $10 DVD that is 50% off and now available for the low low price of $5? If you didn’t plan on buying the DVD before you got to the store the only thing you’ve accomplished is parting with $5 that used to be in your wallet. Score one for the retailers, they beat you this time. If you weren’t planning on buying it yesterday, the only thing you bought today is the deal – not the DVD.
Losing is the pits! Please stop losing your hard earned cash to marketing tricks. I don’t want that, and neither does Kim. Kim and I started our blogs because we care about people getting financially fit. We’ve experienced first hand the benefits of financial discipline, frugality, and having a spending plan, or budget. We want that for you too.
Each one of you has a unique value meter. In economics, it’s called the law of supply and demand, in yard saleing it called “one man’s junk is another man’s gold.” For example eating out is currently a low value purchase for me because I’ve got three little kids with the attention span of goldfish, and the energy of puppies. Imagine them climbing over, under, and around me in our booth. Truthfully, I would rather have dental work. Understanding your personal value meter will stop the retailers from fooling you!
I feel honored that Kim trusts me with your time and attention, and hope you’ll consider where something lands on your value meter before you toss it into the cart. You can always find me at moneymastermom.com if you’re looking for tools to better understand your value meter, or marketing man tricks, or find me on Twitter, I’d love to chat.
Kim’s Comments: Mandy figured it out a lot sooner than I did, but she is absolutely right about aligning your spending with your values. I value a trip with my family ten million times more than just about anything I could buy from a store.