In my previous post, We discussed the importance of differentiating needs and wants. Needs are purchases that we need to survive/lead a fulfilled life. Wants are purchases that we can do without and they generally serve as a status symbol. These purchases are also the ones that do not create any lasting value.
Often, while shopping in a mall or a superstore, we would not start evaluating each purchase and classify it as a want or need. The shopping list is usually the best way to tackle this situation.
However, if you really find yourself in such a situation, I have a perfect solution for you. It is called the 10-second rule and I first came across it on TheSimpleDollar, one of my favorite personal finance blogs.
Whenever you are about to purchase an item that is not on your list and yo cannot seem to avoid purchasing it, wait for 10 seconds, think whether you can do without this purchase, would this purchase really add value to you in the long term or can this money be put to some alternate better use?
For example, suppose you are in a shopping mall and just see a t-shirt that you have to buy, think about whether you really need a new t-shirt or do you already have enough? If you don’t, can you buy a cheaper alternative instead of a “branded” one? If you already have enough t-shirts, can you defer this purchase to a time when you really need one? You get the drift. Simply by reflecting on the purchase, we can often make a rational decision and save some money in the process.
Do you like this tip or do you have one of your own? Please share your thoughts with me. Till we meet again!
Hi there, You’ve done an excellent job. I’ll certainly digg it and personally suggest to my friends. I’m sure they will be benefited from this site.
I’m not sure why but this web site is loading extremely slow for me. Is anyone else having this issue or is it a problem on my end? I’ll check back later on and see if the problem still exists.
Hi, i think that i saw you visited my weblog so i came to “return the favor”.I’m trying to find things to improve my site!I suppose its ok to use a few of your ideas!!
Hi there, You’ve performed an incredible job. I will definitely digg it and in my opinion suggest to my friends. I’m confident they will be benefited from this website.
Spot on with this write-up, I really believe that this website needs far more attention. I’ll probably be back again to read through more, thanks for the advice!
This is a good tip particularly to those fresh to the blogosphere. Simple but very precise info… Thanks for sharing this one. A must read post!
Stunning quest there. What happened after? Take care!
Good day! I could have sworn I’ve visited this website before but after going through many of the posts I realized it’s new to me. Nonetheless, I’m definitely pleased I found it and I’ll be bookmarking it and checking back regularly!
Today, I went to the beach with my children. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is totally off topic but I had to tell someone!
I simply want to mention I am just all new to blogs and definitely liked your web-site. Almost certainly I’m likely to bookmark your blog post . You really have terrific articles and reviews. Thank you for revealing your website.
I conceive you have remarked some very interesting details , thanks for the post.
I simply want to say I am all new to blogs and seriously liked you’re web page. More than likely I’m planning to bookmark your website . You definitely have exceptional article content. Many thanks for sharing with us your website page.
Attractive component of content. I simply stumbled upon your blog and in accession capital to say that I get in fact loved account your weblog posts.
Anyway I will be subscribing in your augment and even I achievement you
get entry to consistently rapidly.
I really can’t believe how great this site is. Keep up the good work. I’m going to tell all my friends about this place.
I just got done eating a platter of spaghetti before visiting your site. It sure makes the full feeling all that much better.
Don’t forget to eat your vegetables every day.
Amazing blog! Do you have any tips for aspiring writers?
I’m hoping to start my own website soon but I’m a little lost on everything.
Would you suggest starting with a free platform like WordPress or go for a paid option?
There are so many options out there that I’m completely overwhelmed
.. Any suggestions? Thank you!
Thank you!
Start with wordpress.com. As you build your audience and start to grow the blog, move to paid hosting.
Really informative blog.Much thanks again. Will read on…
Whаt’s Ԍoing Ԁ᧐wn і’m new tⲟ thiѕ,
Ι stumbled upon this Ӏ’ve discovered Іt positively helpful and it haѕ
aided mе out loads. І’m hoping to ɡive a contribution &assist other
uers ⅼike its helped me. Gоod job.
Gгeat post. I was checking continuously tһіs blog and I am impressed!
Ⅴery usеful informatіon specially tһe last ppart 🙂 I
care fօr sucһ information a lοt. Ӏ was looking for this
cеrtain infοrmation for a lng time. Thank yоu ɑnd best of luck.