Thursday, December 9, 2010

K96.3FM Radio Spot

Christmas spending.
We always overspend don’t we.

MIT researchers have come up with a wallet to help us stop spending so much.

Bluetooth connected to your bank account …

‘The BUMBLEBEE’ actually buzzes like a bee when you buy something…and the buzz gets louder and longer with the size of the purchase

Controlling spending has to be a big part of wealth generation …I assume

I would think the stinging feature would be popular for alot of people. An important part of controlling your spending is definetly being aware of it. Whenever we create a financial plan for our clients we have a detailed spending section and a cash management strategy. The unfortunate part is that for some reason nobody wants to complete these sections. I recently revisited my personal financial plan and went through this excercise myself. I almost fell off my chair. For those of you interested in doing this a good way to do it is to download your bank transactions to excel or quicken so you can categorize the items. This will give you a good sense of where you're money is going. The old saying is "It's not what you make it's what you spend that counts".

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