Today’s post is not directly about financial investments but rather about being a wise steward of your time and financial resources. My inspiring friend Lorin founder of Big Fish Nation recently told me over lunch that she shops for clothes twice a year! What? I thought of the amount of time energy and resources I could free up if I shopped for clothes only two times a year. I don’t think I would stick to bi-annual shopping but I could conceivably do four times a year if I shopped wisely. I do love clothes and enjoy shopping for them but I find that like many I sometimes buy more than I need.
What about you? Does the thought of shopping for clothes twice a year set you free or do you dislike it anyway so it would be a huge relief? What does this have to do with being a financial woman? Using resources wisely comes to mind first. If you do not need additional clothes you could donate that money to your favorite charity. This would help others create good feelings and likely produce a tax deduction. Now that is being a wise steward of your financial resources a top priority of financial women. Clutter reduction both in your closet and life also come to mind. Less clutter promotes order and gratitude for what you do have. Shopping tends to be both time consuming and tiring so how about the thought of spending that time reading a book on investing while having a nice cup of tea? Ok maybe I am stretching my luck!
I do find shopping a bit like a sport. While I hate to admit it the thrill of finding that perfect dress especially on sale is just plain fun for me. I think I will commit to shopping both less and wiser for now. With dreaded bathing suit season upon us it is the perfect time to start!