It would be easy to stay on a budget if there weren’t so many tantalizing products out there to tempt you away from your hard-earned money. But great savers employ tricks of the trade to make sure their priorities stay in order.
The always entertaining Debt Ninja tells you what works for him: the ‘Burrito Factor.’ Whenever he’s confronted with a questionable purchase, he calculates how many burritos he could buy himself with the savings. For instance, a pricey $12.50 salad at a restaurant would cost him two and a half burritos. So that had better be a damn good salad.
Obviously, you don’t have to use burritos, but let’s face it: Who doesn’t love burritos?
Financial to a fault [Punch Debt In The Face]