Guidelines For Improved Spending
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Guidelines For Improved Spending

Excerpted from "The Money Instruction Book"
by Paul S. Richard - ICFE Executive Director
  1. Don't buy on impulse.
    Impulse Buying Guidelines 
    bulletPut items on an impulse list and wait 30 days to purchase.
    bulletObtain a minimum of three alternatives and comparison prices before  purchase.
    bulletNever have more than one item on the impulse list.
  2. Become a comparison shopper on all items you plan to purchase.
  3. Pay cash for everything or don't buy it.
  4. Wait for special sales - ask retailers when sale dates are planned.
  5. Double check value, reparability, price, guarantees on all major purchases.
  6. Learn to read and understand all advertisements.
  7. Read all labels and product literature carefully.
  8. Use a list for grocery and household items.
  9. Go shopping alone - especially for household and grocery items.
  10. Buy private label brands where economical and practical.
  11. Learn to uncover gyps and scams.
  12. Never expect something for nothing - somehow you will pay for it.
  13. When writing a check for groceries make it for the amount of purchase only.
  14. Don't take a casual attitude towards money because it can bring about many financial casualties in the future.
  15. Maintain good records. Keep receipts and make reminders about cash spending.

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