Money Talks
Hi All, Today's business post comes from a financial strategy guide. Time and money Give yourself a week to do a task, it will take a week—but give yourself two days, and it will take two days. This phenomenon is known as Parkinson’s Law, which states: “Work expands so as to fill the time available for its completion.” The same is true of spending and money. When budgets expand The minute you get a raise or even some birthday money, enter Parkinson’s Law: Your spending expands to consume the additional cash. 1.Shrink your numbers: If you give yourself $100 to spend on supplies each month, you will. Lower that limit and you'll surprise yourself by spending less. 2.Be skeptical about “needs”: If you get a $200 raise, don't justify spending it because you "neeeeed" a bigger car, new dishwasher, etc. 3.Keep percentages steady. I strive toward the 50/30/20 Budget (you may prefer the Save-to-Spend Budget plan). Because these budgets rely on percenta...