united_7_devil t1_j5lnhas wrote on January 23, 2023 at 9:52 PM Reply to LPT: A good financial habit to get into is treating money as hours of work. Ask yourself how many hours of work something would take if you buy it. The awareness of the amount of time you put into purchases helps reduce compulsive spending. by humvee911 Take your monthly take home pay. Subtract your expenses like rent/mortgage/, car payment and insurance, utilities, 401k, etc. Then divide by the number of hours you work monthly. This will help you make much wiser decisions. Permalink 1
united_7_devil t1_j5lnhas wrote
Reply to LPT: A good financial habit to get into is treating money as hours of work. Ask yourself how many hours of work something would take if you buy it. The awareness of the amount of time you put into purchases helps reduce compulsive spending. by humvee911
Take your monthly take home pay. Subtract your expenses like rent/mortgage/, car payment and insurance, utilities, 401k, etc. Then divide by the number of hours you work monthly.
This will help you make much wiser decisions.