The next round of holiday sales is just about upon us and I was telling my husband about a laptop I saw for a really great price. “But do we NEED another laptop?”
As a writer I think I always need just one more tool to work on. He came up with a great idea.
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Set aside the money that I need for the item – the laptop, the new shirt, a new piece of furniture, what ever it might be. Then wait. That’s all that needs to be done to save big bucks each year. One month later, if the item is still needed or wanted then make the purchase. If the item is NOT still needed or wanted then put all of that money into a savings account.
It is amazing to think that following one simple guideline can save you money but it can. Not only will it save money but it will help you make better decisions about how to utilize the money that you do spend.
The next time that you want to make a purchase, set the money aside and just wait. You will be thrilled with all of the funds that you end up with at the end of the year.
February 16th, 2009 at 10:19 pm
Great advice! I try to do this as well, and while I don’t keep track of what I don’t buy, I think it saves me money in the long run.
February 22nd, 2009 at 3:38 am
I’ve heard this before and it makes a lot of sense. As always, if you think you need something then just ignore it until the next time you need it. By then, maybe you’re right or you manage to get by without it again. Much better than just going out and buying it straight away.
February 23rd, 2009 at 8:30 am
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