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Money Skills for Real Life:
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Your Money
Earning Money
Spending Money:
Stop and Take Stock
Managing Your Money
Protect What You Have

Spending Money: Stop and Take Stock

Advertisers think more is better than less, and they convince us to buy things they think will make us happy.

When we’re being swept away by an enticing ad, it is difficult to stop and ask, “Is this something I need or want?” It is easy to spend too much money. Just about everybody does it—everybody, that is, except savvy shoppers. They resist the urge to spend.

Advertisers target teens—they know teens like to be part of the cool crowd and tell them how to get linked in. Your defense is to create your own kind of “cool” and resist advertisers' endless messages of telling you what you want.

If you feel like you’re getting caught up in the advertising circus, stop and take stock in what you really need: a secure financial future. Resist the urge to buy:
• new clothes, including the latest hot jeans and cool sneakers
• lots and lots of CDs and music downloads, or DVDs and computer games
• piles of fast food

So, how do you handle this influence? When faced with the powerful lure of advertising, ask yourself four things:
“Do I need this item?”
“Do I just want this item?”
“How can I resist the pressure to spend?
“How can I be a savvy shopper and get what I want, but for a good price, and still live within my means?”

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