I have been only skimming magazines and not really having time to pass things along to all of you, but hopefully that will improve. I did want to pass along a quick read from USAWeekend that comes with the Sunday issue of many newspapers. The article is from award-winning journalist and best-selling author, Jean Chatzky who wrote a featured article called "Merry Thrift-mas." She made some key points as you all head into the home stretch of holiday gift purchases which include:
- Think "Life List," not Christmas list
- Consider what you could buy instead. This is called "opportunity cost" in economics
- Involve other and commit (to spending limits)
- Get more out of gift cards
- Embrace impulse control
- Shop (online) till you drop (limit yourself to 2 hours)
- Think life a recipient, not a giver
For more details click here for the full article: http://www.usaweekend.com/article/20121130/MONEY01/311300005/Merry-Thrift-mas
Related websites:
- Wikipedia entry on Opportunity Cost: http://en.wikipedia.org/wiki/Opportunity_cost
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