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    Bunty New Jsa Bunty New Jsa Presentation Transcript

    • Recession Proof Your Life
      Seminars
      The Simple Life Made Easy
    • Welcome to the Recession Proof LivingSeminar
    • Seminar Overview
      What you will learn in this seminar is:
      What a lifestyle is
      Lifestyle influencers
      What influences buying
      How to manage spending behaviors
      How to enjoy life without paying so much for it
      The benefits of a recession proof life
    • What is a Life Style?
      A way of living based on an ideal that
      Reflects your own values and attitude
      Demonstrates your individual expression
      Determines your lifestyle choices and behaviors
      Influences how you spend your money
      Influences the type of products and services you buy
    • Why You Buy Things?
      Positive Reasons
      Negative Reasons
      Because of need
      The price is right
      Personal satisfaction
      To feel good about self
      Lack of spending control
      Keeping up with the Jones’s
    • Six Lifestyle InfluencersWhy You Buy “Into” What You Buy?
    • Lifestyle Influencers #1
      Socio-Economic Status (SES)
      A measure of economic and social ranking based on:
      Family income
      Parental education level
      Parental occupation
      Social status in the community
      It is assumed that the more money you have, the more the more education you have, and the more lifestyle you can afford.
    • Lifestyle Influencers #2
      Personal Taste and Preferences
      Food
      Clothes
      Entertainment
      Cars
      Furnishings
      Associations/Acquaintances
      • Name brand vs. store brand
      • Labels vs. no names
      • Extravagant vs. modest
      High end vs. lower end
      Full price vs. clearance price
      • Popular vs. unpopular
    • Lifestyle Influencers #3
      Television/Mass Media
      Television is a medium used by advertisers to promote cleverly designed commercials that create a need so you can:
      Buy things you don’t need
      With money you don’t have
      To impress people you don’t know
    • Lifestyle Influencers #4
      Greed
      An excessive desire for more of something than is needed
      Always wanting and never being satisfied
      Seeking of a lifestyle you cannot afford
    • Lifestyle Influencers #5
      Peer and Social Pressure
      Image and the need to fit in with others
      The need to look and feel a certain way
      The concern of what others might think
      Keeping up with the Jones
    • Lifestyle Influencers #6
      Money
      Cheap money
      Disposable income
      A false sense of security
      An illusion for happiness
    • How to Manage Lifestyle InfluencesSix Secrets
    • Avoid television and media advertisement overload
      Mute commercials
      Watch less television
      Turn during commercials
      Leave the room during commercials
      Record shows (fast forward past commercials)
      Life Skills Enrichment Program
      14
      Managing Lifestyle Influences
    • Managing Lifestyle Influences
      Avoid buyers remorse: Ask yourself…
      How much debt do you already have
      Will buying it create more debt
      Can you really afford to buy
      Can you live without it
      Will you regret it later
    • Managing Lifestyle Influences
      • Change your shopping behavior
      Shop with cash instead of credit cards
      Spend more only where it matters
      Shop with a clear head
    • Managing Lifestyle Influences
      • Become a deliberate shopper
      Purchase on purpose
      Evaluate the need
      Walk away from the purchase
      Don’t buy on impulse
    • Managing Lifestyle Influences
      Practice frugality
      Make cash purchases
      Keep your eye simple
      Create a spending budget
      Live by an allowance
    • Managing Lifestyle Influences
      Recession proof your life
      Live within your means
      Avoid unnecessary debt
      Save more than you spend
      Do not spend money you do not have
    • Why Recession Proof Your Life
    • What is a Recession?
      A time when economic growth has reached its’ peak and starts to decline and bottoms out. Signs of a recession:
      Businesses stop expanding
      Unemployment rises
      Housing prices decline
      A retracting or shrinking economy
    • The Recession Cycle
      Consumer spending is down
      Job lose is up
      Businesses stop expanding
      The demand for goods and services decreases
      Companies start to downsize
      People loose their jobs
      Companies stop trading
      The economy slows down
      A recession occurs
    • What Happens in a Good Economy
      Business trade and spending is up
      Companies grow and expand and hire
      Salaries and bonuses are paid
      Employment is up
      Consumer spending is up
      More disposable income
      More spending on goods and services
      Government spending up
      Government buys goods and services
      Keeps businesses and the economy churning
    • What Happens in a Bad Economy
      Less disposable income
      Increased unemployment
      Belt-tightening among consumer
      Slow economic growth and expansion
      Companies stop hiring
      Job loses
      People panic
      Talk of a Recession
    • The Solution
      Recession Proof Your Life
    • Why Recession Proof Your Life
      There is no such thing as stable
      Employment situation can change
      Personal situations can change
      Financial situation can change
      Lifestyles can change
      The economy can change
      Because it makes sense
    • Recession Proof Tip #1
      Become a Smarter Shopper
      Comparison shop and bargain hunt
      Beware of shopping gimmicks
      Avoid impulse shopping
      Never shop on an empty stomach
      Question every purchase
      Shop online
    • Recession Proof Tip #2
      Become a frugal shopper
      Never pay full price
      Use coupons and save $300 - $400 per year
      Buy dated goods (cars, bakery items)
      • Don’t buy for the sake of buying
      Buy off season
      Always think “thrifty”
    • Recession Proof Tip #3
      Become a No Frills shopper
      Shop generic, store brand, or no frills brand
      Save more than $2000 a year
      Take advantage of Dollar Store savings
      Use off brand supermarkets for additional savings
      Buy on consignment, thrift or resale
      Buy slightly irregular merchandise
    • Recession Proof Tip #4
      Membership has it’s rewards
      Join a wholesale club
      Costco
      BJ’s
      Sam’s Club
      Buy in bulk
    • Recession Proof Tip #5
      Track your spending
      Benefits
      See where your money really goes
      See how much you really spend
      Identify wasteful spending
      Redirect money to more useful areas
    • Recession Proof Tip #6
      Change your lifestyle behaviors
      Become a deliberate spender
      Only buy what you really need
      Don’t overspend
      Monitor your spending behavior
      Keep track of receipts
      Live with simplicity in mind
      Become a deliberate saver
    • Recession Proof Tip #7
      Challenge your buying decision
      Is the purchase necessary
      What purpose does it serve
      Does it satisfy a need
      Can you get it cheaper
      Can you afford it
      Can you do without it
      How much use will you get out of it
    • Recession Proof Tip #8
      Attend future seminars and learn more about the following:
      How to Avoid Wasteful Spending
      How to Make Your Paycheck Work for Your
      How to Live Lean and Still Enjoy Life
      How to Create a Budget You Can Live With
      The Best Way to Shop Online
      Strategies for Smart Spending
      How to Survive College on a Thrifty Budget
    • Some No Frills Facts
      Equate brand items are 52.0% cheaper than national brand products.
      Kirkland items were 53.6% cheaper than national brand products.
      Store branded products on a per use basis:
      Kirkland products were 29.1% cheaper than those same products found in the Equate brand
      Nationally branded products on per use basis:
      Costco products were 14.7% cheaper than the same products found at Wal-mart.
    • The Simply Life Made Easy
      Learn to become a smarter shopper
      Learn to become a frugal shopper
      Learn to become a no frills shopper
      Change your lifestyle behaviors
      Learn to live with simplicity
      Recession proof your life
    • The End Result!
      A Simpler Happier Life
    • Resource Links
      Crawford, W.. (2009, July). A Time of Limits. Online, 33(4), 58-60.  Retrieved July 26, 2009, from ProQuest Education Journals. (Document ID: 1796629571)
      Gregory Karp (2008).Living Rich by Spending Smart: How to get more of what you really want. Pearson Education, Inc.
      U. S. Supreme Court inDoyle v. Mitchell Brothers Co., 247 U.S. 179, 38 S.Ct. 467(1918)
      Walker, R., & Garman, E. (1992, July). The meanings of money: Perspectives from human ecology. American Behavioral Scientist, 35(6), 781-789. Retrieved July 26, 2009, doi:10.1177/0002764292035006012
      Practical Information for College Students in Morris Code: (Click Link Below)
      http://promotions.bankofamerica.com/oncampus/home/index.html
    • Thank You for Attending
      www.nofrills-nobills.com
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