Showing posts with label stock account. Show all posts
Showing posts with label stock account. Show all posts

08 May, 2012

Are you cheap or frugal

I'm a frugal person and I'm proud to be one. I value the quality of everything that I buy because money doesn't grow on trees, right? I make sure that I set aside a portion of what I earn every month. Sometimes I put it in my savings account and sometimes add it to my stock market investment.

proud-to-be-frugal

Every time I go grocery shopping, I bring a list of things that I need and don't just grab anything that I fancy from the shelves. I compare the price and quality of different brands. I don't exactly buy the cheapest and not the most expensive either. Expensive doesn't necessarily mean the best and cheap doesn't necessarily mean the best value.

So I'm frugal but I'm not cheap. Like for clothes, appliances or furnitures, I don't go for the brand but I go for the quality. If for example I buy audio racks, I won't buy the cheapest if it looks like it's made of low quality material. If it's the most expensive but looks like it's worth the price, that's what I'll buy. I prefer buying expensive clothes because it lasts longer than cheap clothes made with cheap material.

22 April, 2012

Invest for the Future

I'm not comfortable with the thought of not being able to buy the things that I want to have, eat the food that I'm craving for and travel to new places that I want to visit in the future. So this early, I don't use everything that I earn. I try to put most of it in savings and investments. I don't buy gold coins but I do buy shares of stocks. I also have some savings account.

I teach my son to save for his future also. He has savings accounts from different banks and he has investments in equities as well. And he's only 10 years old. It's never too early to plan for your future. The best time to start is today.
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