Donell Edwards, Blogger
About Donell Edwards: Donell Edwards is President of CWR Media and is also founder and publisher of The College World Reporter (CWR) magazine and CWR World News & Information Service. He is also a professional speaker, freelance writer, and entrepreneur.
It’s The Weekend!
Know Your Money
Friday – May 2, 2014
Knowing Your Personal Finances
Getting Ready For The Weekend
By Donell Edwards
Another weekend is upon us. Most of us have plans for recreation and relaxation, some will engage in a favorite activity or do some work that has been waiting for attention, of others will just kick back and enjoy some time away from work. Whatever you do, understand that your budget and managing personal finances never takes time off. So be money wise whatever you do.
As we constantly remind readers, the weekend can destroy everything you have accomplished during the week resisting the urge to spend wildly. It is easy to give ourselves a pass on the weekend because we feel that after a long, challenging, demanding week, we owe it to ourselves to treat ourselves in whatever way we choose. And recreation and relaxation are fine, as long as money is not spent that we do not have, purchases are made for things we do not need, and we totally forget everything we have learned about making good money choices.
To help you get off to a good start for the weekend here are some things to think about: Why do we splurge on things we don’t need? Read the article and think about what really matters to you and if you are really serious about doing a better job of managing your money. Don’t splurge or go on a spending binge this weekend. Here is a suggestion to help you avoid impulse buying. Read Preventing impulse buys with a waiting period. This is something you can try this weekend and if it works for you it may be something you continue to do to help you avoid impulse spending. And we can’t discuss controlling spending on the weekend without talking about The myth of the payment mentality, charging everything. Mentally prepare for this weekend.
Since this is the beginning of a new month, we want you to get off to a good start. So be sure to read our Must Read below, How Do You Prepare Financially For A New Month. Success in anything demands good planning. Have a great and money wise weekend.
How Do You Prepare Financially For A New Month?
If you have questions or need help we are just an email away. Send your questions to Info@KnowYourMoneyGlobal.com
We Would Like To Hear From You. Are There Any Brave Souls Out There Willing To Share? If you would like to share with our readers how “bad” spending habits have affected you, anonymously or otherwise, for our upcoming special, “Confessions Of Spendaholics,” please send your experience to firstname.lastname@example.org.
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Know Your Money Weekend Special Video Feature – I Just Want To Celebrate by Rare Earth
Disclaimer: I have a Bachelor of Business Administration degree but I am not a financial adviser. However, I have acquired years of knowledge about personal money management through my life experience working through my own personal finances that allows me to share that knowledge with readers of Know Your Money. The Know Your Money Blog posts written by me are my own common sense observations and opinions and are for informational use only. Although my blog includes contributions from experienced financial professionals, please make your own financial decisions based on personal research or contact a financial adviser.
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