If It Wasn’t On Sale…

I was on a call with a client in Atlanta today and she told me a financial rule of thumb I had never heard before. She said that years ago she heard fashion designer Isaac Mizrahi interviewed and he advised that when thinking about purchasing a clothing item, ask yourself, “If it wasn’t on sale, would I buy it?” She …

Taking Care…

  A key component to savvy living is to appreciate and take care of what you already own.  If your goal is to purchase a new car, while you work to achieve it, keep the car you already own clean and ensure it receives proper maintenance.  The same goes for your house.  You may not love where you’re living, but …

Money Isn’t Just Cash

We tend to think of money in terms of cash, checking accounts, debit cards, credit cards and investments.  However, your money is still a commodity once it transitions from cash to a possession.  Whether it’s a can of corn on your pantry shelf, clothes in your closet or a knick knack on top of your bookshelf, it’s a component of …

Time is Worth More Than Money

I’m taking the weekend off! I mean, really off. No chores. No errands. No must dos. It’s a weekend based only on want-to-dos. One of the greatest lessons I’ve learned in the last few years is that time is more valuable than money. You can always earn more money, but time is a finite resource. I’ve also learned that if …

New Strategy to Curb Impulse Shopping

This afternoon I was on a client call with Lucie C. in Atlanta, GA. As we finished going through her expenses she told me about how she is trying to stop spending money on things she doesn’t need. After our Introductory Call about a week ago, she realized that much of her spending was out of habit, rather than really …

Savvy in Canada

I recently received an email from Wendy S. who lives in Canada. She wrote to tell me about some of the savvy money habits she already has in place as well as some of the tips she has been taking from Living The Savvy Life. Wendy was kind enough to give me permission to share her email: Hi Melissa, I …

Invest or Bargain Shop?

In the case of an article of clothing, if you decide to purchase a new sweater you have two choices.  You can easily go to a disposable fashion store such as Forever 21 and invest $19 on a sweater.  Typically, with disposable fashion, money is saved by making the garments as fast as possible and the attention to detail in …

The Power of Timing Purchases

Savvy shopping isn’t just about getting a good price.  It’s about picking and choosing what you want to spend your money on.  It’s about planning, forethought and anticipation.  It’s about being willing to “sleep on it” and about returning items that don’t work for you. Savvy shopping is a skill.  It takes time, but it can be learned and mastered. …

Sunday Morning Money Saving Ritual

I just wrapped up one of my favorite time and money saving habits. Every Sunday morning I savor a fresh cup of coffee while perusing the weekly sales ads. As I go through the ads, I compare what’s on sale to what I have listed in my Spending Book. A Spending Book is a small notebook I keep with me …

Permission to Spend

One of the major goals of Savvy Living is to save 20% of your income so you can spend the rest with abandon. Now, if you haven’t been able to reach that 20% goal yet, that is ok.  It can often take 3 – 5 years to get to that point.  What is important is that you’re saving something and …