Three Simple Questions
Today's post is back to the basics. Here are three simple questions that will save your budget, no matter how good you are at sticking to it.
First, "Can I afford this?" Is this something that is already in my budget? Also keep in mind that your budget sometimes needs adjustment over time. If at one time you were splurging for extras, there may be times that you need to trim back.
Second, "Is this contributing to my goals and priorities?" If making a purchase is outside of your current goals and priorities, then it isn't worth buying either.
Lastly, "Do I really need this?" Or, can I afford to have it in my life. There is a price we pay for having more stuff in our lives. So it is helpful to consider this before we bring more stuff into our lives. Even if it is in your budget, this doesn't mean that you need it in your life.
If the answer is no to any of these questions, then take a pass on whatever it is you are considering to purchase. They might be very simple things to consider, but they can save your budget.
Good luck!
Miel
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2 comments:
I personally like to ask myself, "Is there more than one reason I'm buying this?"
Often times, I've got an impulsive reason hidden behind a rational reason.
Ex:
Surface Reason:
I new iPhone would raise my productivity immensely...
Hidden Reason:
I like the new iPhone's. They're shiny! :)
Good post and good questions. My set of questions is similar except I do them in reverse order. I start with "Do I need it?" and most of the time the answer is no :-)
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