Financial Headline News for Monday 4/9

Phil's Financial Tip of the Day:

Ten Questions to Ask Before Splurging

Written by Julie Bawden-Davis

Published April 09, 2012

SavingsAccounts.com

You've probably been there: You've succeeded in building up a little in savings -- and then you see something you can't live without. Before you know it, your rainy-day fund is only a memory.

The next time the urge to splurge hits, avoid making an unnecessary purchase by asking yourself the following questions.

1. Why do I want this item?
Analyzing why you want something quickly can make evident if the purchase is a true need. If you want the item because it's attractive or fun, you don't truly need it. On the other hand, if you require the item for work or to fix something necessary that is broken, then you probably do need it.

Read more: http://www.foxbusiness.com/personal-finance/2012/04/05/10-questions-to-ask-before-splurging/?cmpid=cmty_%7BlinkBack%7D_Ten_Questions_to_Ask_Before_Splurging#ixzz1reeCwmCJ

Quote of the Day from Dave Ramsey.com:
Great spirits have always encountered violent opposition from mediocre minds. — Albert Einstein