by A. C. O'Brien

Created on: April 06, 2007   Last Updated: June 06, 2010

"Its is not what you earn, but what you keep that matters." Is this true?

Yes, it is. This is a collection of money wisdoms that will help you keep your more of your money;

1. Always buy the best that you can afford when buying a multiple use product. You will otherwise wind up buying the cheap item again and again and again, spending a lot more in the long run. Example; Cloths, if you have two sons and will they both wear the same pants, spring for the ones from the catalog from Maine or that Minnesota brand or other tough wearing brand name. They will cost a bit more now, but they will be worn by both of the boys and they will still have some wear left in them when the second son has outgrown them. You get to pass them on to another family or puit them in a co-signment shop to have them pay you back again. They will be out grown not worn out.

2. If something is only going to be used once or for a short time, go ahead n buy the cheap one. It will not need to be used beyond that one or two times so it does not need to last. Example; A foil turkey roasting pan that you plan to take to a potluck supper does not need to be the high price brand name one. Chances are good that you will leave there, a basic generic foil pan will do nicely. Once the label is pealed off, only your wallet will know the difference and your fine cooking will still taste great.

3. Always think twice before spending money, is it a need or a want? If it is truly a need, go ahead and spend it. Think; "Is it is a want?" Weigh the cost carefully, is that box of gourmet cookies really worth $8. 50? Or would you enjoy a bag of sweet grapes just much and spend just $3.00 plus be healthier for it? The small purchases count just as much as the big ones so always think before you choose to buy.

4. If a major cost item is due to be replaced, figure out what you paid for the original item? How long did you have it and use it? What will the replacement cost be? Would it be wiser to repair it or would that just be, "throwing good money after bad." For example; If a car's breaks need replacement and the car has other major problems, are the breaks really worth the cost of the repair? Perhaps riding the bus or carpooling for a month or so would be wiser. In the mean time you can save a few dollars and find a good reliable replacement ride.

5. It really is about what you keep! And what you throw away. If you have a unique item, one that has notoriety, be it negative or positive notoriety or if it was

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