Experts have identified four main money philosophies. Can you spot which one best describes you?
If you pay extra monthly to have the holistic benefits plan in your health insurance, then A) make use of those benefits and B) file the claim. If your plan covers, say, acupuncture, and you attend a $65 acupuncture session. You may feel too lazy to scan the receipt and upload it to the claims department. But you already paid for that acupuncture through your increased premium. Now you’re paying twice for it. File the claim.
If you pay close attention, most hand carwashes just send your car through the exact same type of drive-through car wash the gas station has, and then put a few men on it with towels to touch things up. Then you pay $50. Just go to a drive-through, spend $10, and bring your own towels to do touch-ups on your own. Many have a vacuum for the inside of your car that you can use for free.
When you’re young, you’ll start receiving offers from banks, promising to give you incredible returns on savings accounts. The catch is that, you typically need to keep a high balance—often $10,000 or up—in order to avoid fees. The moment your balance drops below that figure, you could face a fee that’s higher than any interest you earned that year. Unless you can put nearly triple the minimum balance in such an account, don’t do it. An emergency cost may put you in the red.
I do not care if someone knows the owner of every exclusive venue in town or if they are friends with celebrities. Those relationships are bought through money and status. I like a man who has a close group of friends he’s known for ages—since childhood—who like him for who he is, and not what he has.
Washing your own car is an easy way to quickly put aside an extra $40 to a $80 a month (if you wash your car twice a month—which you probably should). You can buy enough products to wash your car for an entire year for the same price of one detailed hand wash.