Hope Wissel

How To Spend Less

Thank you Carrie Wilkerson for these AWESOME tips on how to spend less….

  • If you want to make more, spend less. #truestory
  • If you’re complaining about being broke, spend less.
  • If you’re stressed about minimum payments or juggling dollars, spend less.
  • If you’re mad at yourself or your spouse or fighting about money, spend less.
  • If you’re jealous of other folks because of ______ then spend less.
  • If you want more choices about where to live, what to drive, where the kids go to school, quitting your job or having some options… SPEND LESS.

It all starts with SPEND LESS!  I know, I have been there.  We struggle with wants versus needs especially during the holiday season.  YES – we can make more with our business. YES – we can still work to change our circumstance- but first we need to SPEND LESS.60b970c17dbc402287d7382d2eb326f7

Trust me, I know this is NOT the time you want to do this.  BUT this is the exact time you need to do this before we get caught up in the holiday craziness.

Evaluate EVERY expense. Is is NECESSARY or just something you ‘deserve’?  Is it a want or a need?  What if you did ‘without it’ for a few weeks/months? Would it change your quality of life?

How do you do this?  First, print out 3-6 months of credit card and debit card statements.  I know it will be scary.  Take a deep breath and jump in.  You can do it!

  • Highlight EVERY recurring charge.
  • Highlight EVERY disposable thing.
  • Highlight EVERY spontaneous purchase.
  • Highlight EVERY expense for something you don’t wear/play with/use/cook with/read or watch anymore.
  • Highlight EVERY unlicensed therapy expense (meaning you were self medicating with food/shopping/movies/girl time/drinks/etc.

Now for the hardest part – STOP spending on those things!

This part, may be a little easier….Evaluate insurance, credit card rates, cable plans (unplug it), phone plans (downgrade) and new clothes (seriously. stop buying them)

I love how Carrie shares her story of getting ahold of her sloppy financial habits (a process, she has used to pay off boatloads of debt MORE THAN ONCE #slowlearner).  Her story helps me to remember, I am not alone.  I have done it too.  Paid off debt, then got sucked in with the thought “I can manage it”.  WRONG!  My addictive behaviors come back in the form of spending money.  So here I am again paying off some debt.

We need to put the blinders on and here is how Carrie did it:

  • UNSUBSCRIBE from email ‘sales and newsletters’ – you can’t buy what you don’t see!
  • THROW AWAY catalogs that come in the mail.  Don’t bring them INTO THE HOUSE. Do NOT fool yourself ‘I’m just getting ideas, I’m making a wishlist, I’m just planning for when I can afford it.’ – NO NO NO NO – THROW IT AWAY. It will still be available for purchase when you can afford it. THERE WILL BE ANOTHER SALE.
  • Do NOT click on Facebook ads (they follow you around, wearing you down until you can’t help but buy. STOP IT)!
  • Do NOT attend home parties or demonstrations or trade shows or craft fairs or open houses or garage sales or ANYTHING WITH THE CHANCE TO BUY. This is a tough one for me since it is part of my business.  How I manage this is I don’t take any money with me or my cards!
  • TAKE THE APPS off your phone… Amazon, Starbucks, Instacart, ZigZag, Macys – ALL OF IT — OFF THE PHONE. If we can purchase with a click and without a brain, they WANT THAT. STOP THE MESS. TAKE OFF THE APPS.
  • During commercials on TV pick up a project. Tidy the sink or move a load from washer to dryer or go outside with the dogs – AVOID MARKETING MESSAGES. It is extreme but so is debt, financial stress and possibly bankruptcy. 
  • SHOP your CLOSET. Sounds silly, right?  Try it and see what happens. See an outfit you like on someone else or on FB, go into your closet and drawers to put together something similar. Or do without.
  • Grocery shop ONCE a week and plan meals ahead of time to avoid mealtime meltdown and drive through overspends.  
  • Use cash instead of cards.  My hubby swears by this!

What if you were to think of every purchase in terms of the effort it takes to make the money to purchase it?  For example, “how many xx do I have to sell or hours do I have to work to pay for this delivery pizza instead of doing a frozen pizza?”

Many of us are victims of marketing messages, bad habits, lack of will power and deserve levels.  We play the comparison which usually results in spending more.

  • Think of what you what MOST (financial stress-lessness and freedom) instead of what you want NOW (cute shoes or a top).
  • Think of WHY you’re so quick to spend and what you are self-medicating about or delaying…

Carrie suggests a spending freeze at least once a year.  It’s wot be fun, I’m sure BUT it may help to keep you in check.  I know you are thinking NOW, it is the holidays….
but HONESTLY it is the MOST EFFECTIVE time of year to do it!  If you wait until JANUARY… how many more THOUSANDS OF DOLLARS will you have overspent??

Change your habits.

Change your life.

Have a ThirtyOne-derful day!

Business Tips and Tricks, Hope Wissel

KICK the Bad Habits

bad habits 2

Today is  the first day of a NEW season for me!  The summer is over (except for the locals), the new Fall catalog has started and I have had several AHA moments over the last few days..   I am filled with ideas and ready to kick off the Fall selling season.

I am ready to sky rocket to the stars and to do so, I want to make sure that I am not going to be stuck in one place.  How am I going to do that…… by not falling into one of these bad habits.  Thank you Ilya Pozin.

#1 – Being a Lone Wolf.  I have to admit, this is an easy trap for me to fall into because I can work independently and in a group.  To make sure that I don’t fall into this, I am brainstorming with other consultants (family and friends), looking for ways to play well with others (even those that push my buttons) and stretching my collaborative muscles.  I have even reached out to TWO groups about volunteering so I can be part of a team.

#2 – Saying Sorry.  Okay, so how many of you find yourself apologizing even when there is no need?  I know that I am not alone in this.  I am grateful for a hubby that asks “why are you apologizing” whenever there is no need.  Did you know that “Saying sorry about every little thing implies you are constantly making mistakes, and can undercut your position in the office and with managers.”  I am guessing that works with my team as well.

#3 – Taking on Every Project.  I don’t take on every project but I definitely want to jump in when other consultants share what has worked for them.  As a result, I have crashed and burned on several of those things because it wasn’t me.  The word “no” is hard for me but I am getting better at it.  I am trying hard to protect my time and abilities from too many tasks remembering that quality is better than quantity.

#4 – Being Negative.  I am not usually know as Negative Nellie to anyone except my hubby who will quickly point this out when I start the morning with a raincloud over my head.  When I sit myself down and ask the hard questions, the truth is revealed that I have been playing the comparison game.  The “what if” with Doubtful Debbie joining the party.  On the outside, I have a positive attitude that rolls with the punches but on some days Negative Nellie is just waiting to burst out onto the scene.

#5 – Doing Things the Way They’ve Always Been Done.  If you do the same thing all the time, you will get the same results.  So, if you are not happy where your business is at or you are not happy where your life is – CHANGE IT!  Not all changes will work, take it from one who has tried LOTS and many have crashed and burned.  But if you don’t try, you won’t know and just maybe, you will find a new approach that sky rockets your business.

#6 Being Disorganized.  Get organized and stay organized.  I admit that on some days, my desk looks like a hot mess and on those days, I feel like I am spinning my wheels.  Some would say that getting organized (or cleaning your office) is not joey producing so it should not take up a lot of time.  The truth is, if you don’t take the time to get a handle on the pile of desktop debris, you may never build and grow in your business.  Harsh words but so true because you are constantly spinning your wheels and getting no where.  Did you know that “Every year, Americans spend on average nine million hours looking for things they’ve misplaced.”  Imagine how many of your leads are lost piece of paper.

What is YOUR bad habit that is holding you back from success in your business. If you tackle these habits head-on, you might just find yourself moving on up the ladder.  Share in the comments!

Have a ThirtyOne-derful day!