There are secondary costs associated with almost all purchases that we make in our lives. It’s important to consider all of these additional costs that tag along when making purchases, and not just the initial sticker price. In this episode we explain how there are hard secondary costs and then how there are soft or lifestyle secondary costs which are similar to lifestyle creep. And then finally, we go over some helpful and specific tips to remember when making purchases or financial decisions. Keeping all this in mind will help us to manage our money better, specifically when it comes to our spending because everything really does cost more than you think.
During this episode we enjoyed a Pretty Willie’s Imperial Stout by Against the Grain which you can find and learn all about on Untappd. And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts, Castbox, or wherever you get your podcasts- we’d love to hear from you.
Best friends out!
This is so true. One common thing I encounter is people who have a very detailed budget, but without any significant room for financial emergencies or occasional one-time expenses. I encourage everyone to build a little buffer into their budgets.