Welcome to 2015, its a start of a new year and what’s more typical than to start it with a new year resolution…

Hmm i tried that several years past; the new year resolution thingy, and guess what… didn’t get much from it.

However one advise that i’ll clearly give is, start thinking of ways to manage your finance.

That said, Smart is the New Rich is a book i recently started reading, and i’ll give a thumbs up rating of 5 out of 5.

If you’ll looking for advise on managing finance and spending, this is clearly a good read….

Below is an extract from the book on spending rules, something that’s worth thinking about and adhering to when spending….
After a generation where “me, more, now” was how we thought about our money, it’s time to walk through these five retro rules when you are about to part with your money.

1. If you don’t need it, don’t buy it. If you can’t afford it, put it down.

It’s as simple as that. Ask the three key questions before parting with your cash. “Do I need this?” “Will it make my family better, smarter, more prepared?” “Can I even afford it?” Only you know the answers to those questions. And just asking them gives you pause to evaluate whether the dollar buys you an experience and an investment in your family and your future.

2. Think of money like nutrition.

Is a purchase, whatever it is, something that is good for your body, or nothing more than a sugar rush. Prolific and random spending is the money equivalent of eating junk food. It might feel good at the time, but it hurts you in the long run and the limits your options later in life.

3. Negotiate everything.

It seems gauche to call it haggling, so let’s call it negotiating. Your cell phone company, cable provider, car rental company, and even your doctor need your business. Politely ask if there are discounts. For travel and leisure, inquire about a complimentary upgrade if they won’t drop the price. (Vacations have never been more attainable–if you can afford them–this is a good time for breaks and discounts.) If you are polite and informed, you will be surprised.

4. Always save first.

Do you know how much you are saving? Look at your pay stub. Calculate how much money you bring home after taxes. Make sure you are saving at least 6 percent and hopefully 10 percent of that for your future. Save first.

5. Don’t deny yourself.

As confidence in the economy returns, the people who have the cushion to spend money will be critical to restore the economy. Every dollar spent at the pizza parlor, on video games, at the zoo sustains jobs. The key is to know what you can live without. The message for anyone struggling with money: The only thing you can control right this second is how the money leaves your hands.