How a simple “NO” can simplify your personal finances

by B Simple

in Mindset

Many times our personal finances are not simplified because we yes too often instead of a simple no thank you. We say yes to the many offers for discounts and additional purchases, which many times do not make our financial lifestyle any easier. For example, when making a purchase at a store, we are offered an additional discount on your purchase if you sign up for a store credit card. You have to ask yourself will that 10% or 15% discount on this purchase really make my financial life better. Probably not. Are the few dollars saved on this purchase worth the additional hassle over time. I would say NO.

By simply saying NO to that offer to save on your current purchase you have simplified your personal finances. Signing up for that new credit card is just another credit card you have to keep track of. That’s one additional bill to pay and an additional credit card could impact your credit score. So you tell me, is that additional saving worth the discount?

Saying NO THANK YOU will help you simplify your personal finances in the following ways:

Eliminate addition bills- by not applying for additional credit cards you will not have another bill to keep track of and pay each month.

Help your credit score
– by not applying for those additional credit you can will not impact you credit score.

Less clutter – by saying no to additional purchases you have less stuff you have to store or maintain.

Save money – by saying no to additional purchases you have more money to save and start investing.

Save time -by saying no to those credit card offers or additional bank accounts. You save time because you are not spending your time keep tracking of those additional accounts.

Less stress – by not having those additional things your not stressing over if the bill was paid or how did I get so much debt.

TAKE ACTION
Next time your find yourself in a situation that may impact your personal finances use NO THANK YOU and it will benefit your personal finances in the long run.

Remember to take it one step at a time in order to simplify your personal finances.

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{ 8 comments… read them below or add one }

David Leonhardt

You make that button so tempting…makes me just want to push it.

When viewing any item in a store, the first acid test question must be…”Is there some way I can avoid buying this?”

Crystal

I completely agree that saying no once in a while leads to SO much less stress, lol. Great list!
.-= Crystal´s last blog ..My Health Insurance Choices =-.

Kevin@OutOfYourRut

So simple, yet so effective–the power of NO. I think most of us struggle with this because either we don’t want to say no to anyone, or because we don’t want to say it to ourselves. Saying no to ourselves makes us think that we can’t afford something–which we never want to admit!
.-= Kevin@OutOfYourRut´s last blog ..Am I Crazy For Being Out of the Stock Market for 14 Years =-.

Khaleef @ KNS Financial

A ‘no’ can definitely simplify our lives and remove the potential for so much stress! I hope that I can master that!
.-= Khaleef @ KNS Financial´s last blog ..CVS Shopping for the Week of 110710 – Saved 42- Spent 5- Made 9 =-.

Kay Lynn @ Bucksome Boomer

It took me a long time to learn this lesson. I have really cut back on shopping for “stuff” in the past couple of years. It’s nice not to worry about where to put things.
.-= Kay Lynn @ Bucksome Boomer´s last blog ..Part 1- 8 Daily Deal Sites =-.

BruceBucks

This is excellent advice. More and more credit cards just complicate things. You build up too many to keep track of. It gets confusing, and you really do not gain anything. This is my first time on your blog, thanks for the great thoughts.

Jean

Absolutely! Say no to more credit cards, higher-priced home, and brand-new cars. Just because we _can_ buy/have something doesn’t mean we should. As an example, I’m constantly grateful that we purchased less house than the bankers qualified us for…

B Simple

Agree. Just because you can qualify for more or can afford more does not mean you have you to make the purchase.

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