We’re often enticed by retailers when they have a sale. Many savvy shoppers know the best time to buy all kinds of different products right before their seasonal shelf life, because they know that the prices will be marked down to clear inventory. As responsible consumers, we’re programmed to look and wait for sales before we buy something. We love knowing that we “got a deal”. However, it’s not the same for us when we think about investing, the stock market, and other investments like real estate. We’re often paralyzed with fear when we see the stock market drop and our immediate reaction is to pull out and not put our money in it. Warren Buffett famously said that he’s greedy when other investors are cautious and he’s cautious when investors are greedy. Free From Broke has a great article about buying low or even LOWER in the stock market. It’s a great habit to fall into to invest in the stock market when it’s on sale.
Here are some other great personal finance blog articles from the past week:
7 Money Lies From Monopoly – Here’s a fun little article about 7 money lies from monopoly that aren’t accurate. I really wish income tax was as simple in real life as it is in Monopoly! Was Milton Bradley the first one to propose a flat tax? [Bargaineering]
How To Host A Clothing Swap – Hosting a clothing swap is one of the BEST ways to freshen up your wardrobe with a bunch of different outfits without spending a DIME. We all have a bunch of clothes that we never wear anymore but are still in great condition. Bring over some friends with similar body types, have some snacks and wine, and it’s a clothing swap party! [Get Rich Slowly]
Are Your Five Senses Tricking You To Spend More? – It’s a funny question to ask yourself, but something good to be mindful of. Think about how many times you’ve spent more at a restaurant, grocery store, or a movie theater because the smells were so great that it caused you to eat/buy more. [Wise Bread]
10 Signs Your Heading For A Debt Disaster – There are often many tell-tale signs that you’re headed for a financial disaster which means that you’ll be piling up a bunch of debt, but many people often ignore the signs. Here are 10 signs to look out for so you can make a change before a disaster occurs. [Money Talk News]
Getting Your Car Ready For A Road Trip – Are you going on a road trip this summer? The last thing you want to happen is to get stranded on the side of the road with the kids, so read this article to get some tips on how to prepare your car for a road trip in the hot, summer weather. [Money Smart Life]
How Your Household Items Can Make You Extra Cash – The Summer time is a great time to clean out the house, and you definitely need to make a pile for stuff to sell on Craigslist and garage sales to make some extra money. [Centsible Life]