There is always a solution to spending too much. It does not take a genius to figure out how to reduce spending and gain financial freedom. It’s actually funny when you think of how much money financial gurus have made just telling us things we already know.

After we had finished fighting among ourselves, my wife and I decided to look at our credit bills. Alas! We had accumulated $45,000 in credit card bills between the two of us. All the things we had bought had either been consumed or we could not remember them. I will not even go into how much our hot, 2 door sedan was costing us.

Here we were, we had actually accumulated enough debt to have bought a nice condo in the south. Yet we had nothing to show for it. We realized that in life you buy two types of things. You are either buying “wants” or “needs”.

Every time I saw a new plasma TV before the super bowl, I “wanted” it and did not “need” it. Every time she bought everything, she “wanted” it but did not “need “it. Ok that’s unfair, but it’s my blog so sue me.

Our credit card bills on further analysis were all “wants”. Now you know why they give you a store credit card at the check out counter. They know you will go back to the store to buy the crap goods once you are told you have been approved.

Before you go to buy another book by Suzy Ozman, try this method. It has worked for us perfectly and now even got rid of our credit cards. If we have any purchase above $100 we must first talk about it. After that, we must wait 7 days before the purchase and if we are still “excited” we buy.

It is a method that entails a lot of work and fights. However, it has saved us hundreds. At the same time, we also make up in a great fashion after every fight. You can say we blame the last 2 kids to this method too.