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Bunty Jsa


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Bunty Jsa

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