02 Mar Bankruptcy Is About Budgeting Don’t Fall For The Pizza Hut $10 Ad.
Bankruptcy is about budgeting and the $10 for a Pizza Hut pie is not budgeting regardless of how you slice the pie. Pizza Hut is running a new ad that says; hey buy any pizza and it is only $10. First of all in the fine print that most people do not see is that price does not cover the stuffed crust pizza. Then Pizza Hut runs the commercials at the time when you are most hungry. So you are watching television and your eyes say hey that looks good. Your stomach says; hey I am sure am hungry down here and that is a great deal. Then the brain kicks in and says; $10 for any pizza pie, that is an incredible savings! You may think it is a great savings because you justify that a regular pie is about $15 – $20. So you are automatically saving between $5 – $10.
But the savings do not stop there. No one ever eats a whole pie in one setting so it will be breakfast the next day. Rock on! Two meals and it is $5 per meal. That is a huge savings, right? Wrong. As good as that deal sounds and as great as that pie may taste it is still not a great budgeting move for either an individual or a family. For the frugal at heart one can take the same $10 plus tax and tip, let’s say $14 even, and use that money at Walmart and buy dinner for week.
Again I am speaking those who wish to budget as much as possible to claw their way out of debt. So you can take the $14 at Walmart buy a bag of brown rice (it is more healthy), a bag of beans, a bag of skinless chicken, 2 cans of tuna, 2 cans of cream of mushroom soup, package of egg noodles, package of spaghetti noodles, and a jar of spaghetti sauce. So for the price of that one pizza pie that will cover two meals if you are individual, you can feed diner to a family of 3-4 for entire week.
I know it is possible because I have clients that feed their larger families on less. Budgeting truly is about being creative, disciplined and getting into the mind set of thinking about every single purchase. So before you get swept into the next commercial or promotion to purchase something, stop and really analyze that purchase. Creditors bank of the fact that you will trust them and purchase anything they tell you to purchase. But I know that you have the ability to be a smart consumer and not become a victim of unwise purchases.
Remember that knowledge is power and the more knowledge you have about how creditors use advertising to trick you into bad purchases the more power you will have to control your spending. The more control you have over your spending the brighter your financial future will be.