Free-Reprint Article Written by: Tracy Piercy, CFP 
See Terms of Reprint Below.

* This email is being delivered directly to members of the group:

We have moved our TERMS OF REPRINT to the end of the article.
Be certain to read our TERMS OF REPRINT and honor our TERMS 
OF REPRINT when you use this article. Thank you.

This article has been distributed by:

Helpful Link: 
  The Digital Millennium Copyright Act - Overview


Article Title:
Treat Yourself to a $1,000 Shopping Spree!

Article Description:
You're in the mall with your husband or friend and are each given 
$1,000 to spend.  The only restriction... it must be gone within 
one hour.  You can do whatever you like with it!!  Ready – set – 

Additional Article Information:
914 Words; formatted to 65 Characters per Line
Distribution Date and Time: Thu Jan 26 00:24:20 EST 2006

Written By:     Tracy Piercy, CFP
Copyright:      2006
Contact Email:  mailto:[EMAIL PROTECTED]

Article URL: 

For more free-reprint articles by this Author, please visit:,_CFP


Treat Yourself to a $1,000 Shopping Spree!
Copyright © 2006 Tracy Piercy, CFP
Money Minding

You're in the mall with your husband or friend and are each given 
$1,000 to spend.  The only restriction... it must be gone within 
one hour.  You can do whatever you like with it!!  Ready – set – 

If this sounds like something you'd love to do, then do it!!  All 
you need is a note-paper and pen to record the details of the 
items you intend to purchase on your shopping spree.  What?!? 
You don't actually spend the money for this to be a terrific 
experience.  It works best if it's not pre-planned, so one day 
when you find yourself at the mall try it!!  If you are going 
with your husband, you can decide to shop together with $2,000, 
or independently – it's your choice.  The treat is in the 

How we spend our money is a big factor in our overall financial 
decision making process and these decisions ultimately will 
determine our financial destiny.  So, when there is much 
uncertainty about future savings, there is much to learn from 
our spending habits. 

If you think about the $1,000 shopping spree, there are many ways 
to approach the project:

 * Fun – Yippee – A windfall with no strings attached.

 * Guilt – It really 'should' go to bills, to savings or to 
   something needed, but I'll spend it anyways.

 * Generously – What can I buy for someone else?  Or, whom 
   can I give it to?

 * Overwhelm – There's simply too much choice – I don't know 
   where to start.

 * All-in-one-place – What can I buy with this $1,000?

 * Spread it around – How much can I get with this money?

 * Fear – Am I buying the right things?  Will I have enough?  
   Is this the best price?  Should I put the money somewhere 

 * Blindly – It's my money I'll spend it on whatever I want.  
   It doesn't matter what, or how much, or if there is anything 
   else to do with the money, or if there will be enough for 
   everything I want.

 * What's everyone else doing? – I'll see what other people are 
   doing with their money first, then decide what to do with mine.

 * Responsibly – What kind of investment can I make to earn more 
   from this windfall?

Even this initial reaction is a key to becoming aware of your 
spending habits:  Is it work?  Is it fun?  Does it seem silly and 
a waste of time?  Before you can really do any kind of financial 
planning you need to know how you approach your spending and 
where your money goes so you can plan for future expenses. 

People naturally have a spending comfort zone.  This is the money 
they spend without really thinking about it.  For some people it 
might be $5, for others it could likely be $1,000 or more.  If 
your personal comfort zone for spending is $20 and so is your 
spouse's, then between the two of you there could be as much as 
$40 per day that is gone without a real conscious awareness that 
you are spending.  For others the comfort level is extended to 
particular areas – such as on kids' activities or on a hobby.  
It almost doesn't matter what the amount is – as long as it's 
an item related to the particular activity or lifestyle area. 

To start to gain control over your day-to-day finances here are 
some suggestions:  First, take yourself on a shopping spree and 
evaluate your approach and your purchases.   When you are 
finished shopping keep your notepaper in your wallet or 
chequebook.  It will be a good representation of some ways you 
would like to be able to spend your money – this can become goals 
that you set and work towards.  Second, begin to actually track 
all the money you spend – yes, ALL the money.  That means even 
the $0.50 on parking and $2.00 on coffee.  If you do this for a 
month and write it down, your totals might surprise you.  Next – 
balance your chequebook.  What?  Why?  Because keeping a running 
tally in your head is not the same as having the control and the 
empowering feeling you get when you really know how much money 
you have, and where, and what your worth is at any given time. 
Even people with more money than average have their books 
balanced.  They might have a bookkeeper doing it for them, but 
they are providing the information and they are in control of 
their money.  Try it – it might seem like a small thing – but 
it's a necessary skill for future financial success.

Any finally, here are some questions you can use when making 
purchases – of any size – even within your spending comfort zone:

1) Why do I really want this now? 

2) Do I have the cash for it today? 

3) How many hours, days, or weeks will I have to work to pay 
   for this? 

4) Is there something I need more?

5) Do I need to get rid of, or change anything before I buy? 

6) What if I don't buy it today?  Can it wait? 

7) What might be the consequences of buying today? 

You are committed to today, or you are committed to tomorrow. 
Either way, your decisions today determines your tomorrow. 
Before making financial decisions ask yourself some questions 
and become aware of your spending patterns so you decide your 

Tracy Piercy is a Certified Financial Planner teaches people 
to manage their money using systems that work with you they 
are. Proven success principles are integrated with practical 
financial planning strategies. She has worked in the financial 
industry, in insurance, banking, and as a top producing 
investment advisor with CIBC Wood Gundy, for more than 15 
years. Tracy is the author of Enlightened Wealth, a personal 
money journal You can reach 



TERMS OF REPRINT - Publication Rules 
(Last Updated:  April 7, 2005)

Our TERMS OF REPRINT are fully enforcable under the terms of:

  The Digital Millennium Copyright Act


*** Digital Reprint Rights ***

* If you publish this article in a website/forum/blog, 
  You Must Set All URL's or Mailto Addresses in the body 
  of the article AND in the Author's Resource Box as
  Hyperlinks (clickable links).

* Links must remain in the form that we published them.
  Clean links should point to the Author's links without
  redirects having been inserted into the copy.

* You are not allowed to Change or Delete any Words or 
  Links in the Article or Resource Box. Paragraph breaks 
  must be retained with articles. You can change where
  the paragraph breaks fall, but you cannot eliminate all
  paragraph breaks as some have chosen to do.

* Email Distribution of this article Must be done through
  Opt-in Email Only. No Unsolicited Commercial Email.

* You Are Allowed to format the layout of the article for 
  proper display of the article in your website or in your 
  ezine, so long as you can maintain the author's interests 
  within the article.

*** Author Notification ***

  We ask that you notify the author of publication of his
  or her work. Tracy Piercy, CFP can be reached at:

*** Print Publication Reprint Rights ***

  If you desire to publish this article in a PRINT 
  publication, you must contact the author directly 
  for Print Permission at:  


If you need help converting this text article for proper 
hyperlinked placement in your webpage, please use this 
free tool:


ABOUT THIS ARTICLE SUBMISSION is a paid article distribution 
service. and 
are owned and operated by Bill Platt of Enid, Oklahoma USA.

The content of this article is solely the property 
and opinion of its author, Tracy Piercy, CFP



1. Print the article in its entirety. Don't make any changes in the article . 
2. Print the resource box with all articles in their entirety.
3. Send the Author a copy of the reprinted article or the URL 
  where the articles was posted.

Anything short of following these three rules is a violation 
of the Authors Copyright. 
Yahoo! Groups Links

<*> To visit your group on the web, go to:

<*> To unsubscribe from this group, send an email to:

<*> Your use of Yahoo! Groups is subject to:

Reply via email to