When A Sale Is Not A Bargain

I love buying merchandise on sale. And the bigger the sale, the better the feeling. Who wants to pay full price for items that, with a little effort, can be purchased at a discount? No one does. And what better way to stretch your budget dollar than to buy items on sale? But is there ever a situation when buying items on sale isn’t the bargain that it appears to be?

The Goal: Live In Financial Freedom

What is it that we are trying to do when we purchase items on sale? We are trying to stretch a dollar so we can get more for our money. Why? Because a family trying to live in financial freedom is trying to meet all their family needs while at the same time:

  • Saving money for emergencies, retirement and future needs
  • Live debt free which may require paying down existing debt
  • Live within their means on a balanced budget
  • Be generous to help others in their community

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When A Deal Is Not A Deal!

So, if purchasing items on sale helps us stretch our buying dollar and meet our budget, how on earth could buying during a sale NOT be a bargain? Here are three instances when a sale is not a bargain:

  • Too Much Of A Good Thing Is Not Good

If you don’t need the item, it is not a deal at any price. Have you ever had the situation where there’s a tremendous sale on an item, may 50, 60 or even 80% off full price? The sale sounds great except for one thing: If you don’t need the item that is on sale, then you are spending money that you don’t have to. Financial Freedom Lesson #1: No price is too good to pass up if you don’t need the item.

  • No Money, No Way

Here is a second instance when a sale is not a bargain: When you don’t have the money to spend. Meaning really, there is no price too good to pass up when you have to use credit. Going into debt to buy something, even when you intend to pay off the balance within the billing period, is a slippery slope that can quickly escalate into mounting debt that may result in interest charges that may mean paying more than full price for the item! Financial Freedom Lesson #2: Don’t spend money that you don’t have! 

  • When More Is Not Enough

Sometimes when we get into some really good sales, or get into a really good season of sales, like Christmas, we get mesmerized by the deals, so much so that we just want more and more. Next thing you know, the best deal is the next deal. The result: you’ve not only blown the budget by buying more and more, but you have developed an attitude of needing more and more. This steals any contentment and gratitude for a great deal and replaces it with an attitude of consumption, or worse, materialism. Financial Freedom Lesson #3: Maintain an attitude of contentment of where we are and gratitude for what we have.

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We all need to be wise shoppers. It is a great feeling and accomplishment to purchase items we need on sale so we can stretch our budget dollars and “do more with less”. But remember, the goal is financial freedom to meet our needs and to have choices to achieve our dreams. Anytime we allow the “sale mentality” to cause us to buy stuff we don’t need, or buy sales items with money we don’t have, or develop an attitude of consumption, we go into dangerous territory that can result in negative consequences. Another way to say that is: More freedom (financial) is more valuable than more stuff.

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The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness

Top 3 Benefits Of Being Financially Free!

Freedom in Less

Financial Freedom – What Is It?

Right to the point. Financial Freedom is the liberty to chose without restraint. Sounds good but what does that mean? Can we break it down further? Yes. Since our finances, our money and possessions are simply tools for us to use to meet our life’s goals, financial freedom is defined as having the attitude and resources to live abundantly in each stage of life, free of worry, to completely live out the full purpose of one’s lifeMany people have heard about the concept of financial freedom, but what does it really look like?

Financial freedom goes far beyond having a few bucks. Sustainable financial freedom enables us to reach our potential as people. This freedom has five key components:

  1. VISION for how you want to invest your time, talents and money
    • Vision possesses purpose and passion
  2. PLAN (budget) that supports your vision and quality of life you want to maintain
    • Living within your means is the only way to sustainability
  3. DEBT-FREE approach to everything we purchase
    • The obligation of debt steals away freedom
  4. A bias toward SAVING
    • Saving for emergencies, needs, dreams and retirement
  5. An ATTITUDE of contentment with where you are, and gratitude for what you have.

Benefits of Financial Freedom

What are the benefits of having this financial freedom? I mean, doesn’t everyone have to struggle with their finances, worry about debts and only hope that someday they can have savings, vacations and maybe a new car? The short answer is no. Stressed day to day living where we live paycheck to paycheck is not a given. Financial freedom can be yours.

In my experience, there are so many benefits from obtaining and maintaining financial freedom. Sometimes it is hard to get there but it is worth it! Narrowing the benefits down to just three is very difficult. But here are my top three benefits of living in financial freedom:

Less worry or anxiety about money and life

With financial freedom comes a plan and preparation in the form of a budget, savings and proper insurance for what life brings. This leads to much less worry and anxiety which leaves more room for living in the moment and enjoying life. This peace of mind may possibly be the biggest benefit of financial freedom and leads to an improved quality of life.

Options: Freedom of choice

With a balanced budget, savings, a retirement plan, no debt and proper insurance you now have margin in your life that allow you to have choices: Choices on where you spend your discretionary money. Choices on where to spend your time. And most important, that margin allows you to participate, if you choose, in new opportunities and experiences.

Living with Purpose and Passion

When you are secure that your current and future financial needs are going to be met, you switch your focus from day to day existence to pursuing the passions in your life. In effect, financial freedom allows you the freedom to focus your energy into those things that excite you.

Summing It Up

I have found that worrying less, having freedom of choice and living with purpose and passion has resulted in being happier, healthier, more content and grateful. As a result, I want to tell everyone about financial freedom and strongly encourage all to make the effort to achieve it. Notice that I did not speak about money, wealth nor possessions per se? The money side of financial freedom is great too, but the freedom and attitude benefits listed above are far more evident on a daily basis and therefore more valuable.

I hope you have financial freedom. I hope 2016 is a year of freedom, choices, purpose and passion for you and your families. And I hope you experience these benefits of financial freedom and more, this year and beyond!

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The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness