I’ve always struggled with this. It’s all too easy to justify an expense with an idealistic mindset which imagines possibilities beyond every immediate opportunity. Starting a business though is a very, very good learning experience. There just isn’t enough money to spend on anything and everything that seems as though it might help get you to the next level.
I’ve found two devices which help keep me on the thrifty side of things.
Stay Focused
Pick a few goals and spend what you need to make measurable progress toward achieving those goals. It might be purchasing a book, it might be taking a course, it might be a bottle of wine to help you unwind and relax. But every time you take out your wallet ask yourself whether you really need to make that purchase right then and there. If you can put it off, do so. You’ll either come back and spend the money later, or realize that you didn’t really need it.
Look at the price tag and imagine that you just found that much money on the ground.
Which makes you feel better? The thought of finding the money on the ground or the thought of having whatever it is you’re about to spend money on? If the thought of having the money makes you feel better then put your wallet away. By making that simple choice you essentially did just find that money. Enjoy it.
I've got a masters degree in computer science and over 10 years of experience building web-based systems using Java/J2EE, Ruby, Rails and PHP. I'm a strong believer in the effectiveness of Agile Methods. Read more »
Economy or Agony?
I’ve always struggled with this. It’s all too easy to justify an expense with an idealistic mindset which imagines possibilities beyond every immediate opportunity. Starting a business though is a very, very good learning experience. There just isn’t enough money to spend on anything and everything that seems as though it might help get you to the next level.
I’ve found two devices which help keep me on the thrifty side of things.
Stay Focused
Pick a few goals and spend what you need to make measurable progress toward achieving those goals. It might be purchasing a book, it might be taking a course, it might be a bottle of wine to help you unwind and relax. But every time you take out your wallet ask yourself whether you really need to make that purchase right then and there. If you can put it off, do so. You’ll either come back and spend the money later, or realize that you didn’t really need it.
Look at the price tag and imagine that you just found that much money on the ground.
Which makes you feel better? The thought of finding the money on the ground or the thought of having whatever it is you’re about to spend money on? If the thought of having the money makes you feel better then put your wallet away. By making that simple choice you essentially did just find that money. Enjoy it.