Saving Money by NOT Buying What You Don't Need

A smart consumer knows what they actually need and what they just want.

A smart consumer knows that they don't actually need a new phone every time the models are updated nevertheless many people do buy new phones every month.

Here are some tips to not wasting your money on something you already have:

• If your phone works, don't buy a new one.
• If your car is fine don't buy a new one unless the new one is more fuel efficient and saves you money in the long run.
• Don't waste your money on expensive TV channels you watch once a year.
• Remember that for every dollar you spend from your savings account is possibly $10 after many years.
• If you are wondering if you need something, just wait a month and if you still "need" it you can buy it.

Remember this money is your money earned through your hard work.