Wide diversification is only required when investors do not understand what they are doing” – Warren Buffet

This year is the year to overhaul my bad financial habits and really save ALLOT of money. I used to spend quite a lot on clothes-I am a shopaholic and very passionate about clothing, fashion and just general consumerism. I now have so many clothes that I don’t really have the urge to shop so much anymore, so this year I will keep shopping to a minimum and maybe get clothing made instead of buying it in the shop. I also need to lose my baby weight so its not a good time to buy clothes until I am back to the weight I am happy with.

This year, I will also avoid getting into any consumer debt. I will do this by cancelling my current credit card and obviously not getting any additional credit cards. I will also avoid the temptation to spend by investing my money ASAP so that the money to spend is just not available. My January goals even though we are halfway through the month are:

  • I will practice YOGA at least 3 times a week at home – this is great cause it’s  a free form of exercise. I need to gather momentum on this
  • I will BLOG once a week on this blog
  • I will TRACK my grocery expenditures really closely this month down to specific items so that I can come up with ways to save in this category – the categories that I really need to save money on right now are credit card repayments and groceries.
  • INVEST my spare cash into equities
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