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5 Questions to ask before you make a purchase:
#4 was a game-changer for me
// THREAD //
#4 was a game-changer for me// THREAD //
#1
Is it in my budget?
A Spending Plan means you can buy whatever you want, that is, planned spending.
Having a budget means you can schedule deposits to savings/investments, know your food costs, track your income & expenses, otherwise it's just emotional buying.
Is it in my budget?
A Spending Plan means you can buy whatever you want, that is, planned spending.
Having a budget means you can schedule deposits to savings/investments, know your food costs, track your income & expenses, otherwise it's just emotional buying.
#2
Can I borrow it or get it used?
Old-school habits learned from my dad still apply today.
There are hundreds of used items online at a fraction of the cost.
And what about Jim across the street, can you borrow it from him?
Can I borrow it or get it used?
Old-school habits learned from my dad still apply today.
There are hundreds of used items online at a fraction of the cost.
And what about Jim across the street, can you borrow it from him?
#3
Is this the best time to buy it?
Like anything, timing is everything.
There are seasons for all purchases: cars, travel items, even groceries.
Do some research before buy to make sure your timing is right. It could save you a ton of money
Is this the best time to buy it?
Like anything, timing is everything.
There are seasons for all purchases: cars, travel items, even groceries.
Do some research before buy to make sure your timing is right. It could save you a ton of money
#4
Do I Need or Want it?
This is the secret to money management.
We WANT lots of things, everything is a click away.
But do you NEED it? Really?
Take a moment & ask yourself. Often, it's a Want disguised as a Need.
That's ok, just know the difference.
Do I Need or Want it?
This is the secret to money management.
We WANT lots of things, everything is a click away.
But do you NEED it? Really?
Take a moment & ask yourself. Often, it's a Want disguised as a Need.
That's ok, just know the difference.
#5
Do I have something similar?
Guilty of this, buying another pair of jeans when I already have 3 in my closet
Take a quick look around before buying. Is there something else that would do just fine?
Dig through those closets, you might be surprised at what you'll find.
Do I have something similar?
Guilty of this, buying another pair of jeans when I already have 3 in my closet
Take a quick look around before buying. Is there something else that would do just fine?
Dig through those closets, you might be surprised at what you'll find.
