Posted on by Sean Merron

2FD 005: Thinking Before You Buy

Are you an impulse buyer?

It’s always best to think about a purchase before making it. You may think of a cheaper way to obtain the product or find a better solution to the problem.

Deals are great but so is knowing you made the best purchase you could have by giving yourself time to think and research before the buy. CHA-CHING!

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Discussion Points

  • Things you have to buy when moving.
  • What is an expensive purchase for you?
  • Tracking expenses per events.
  • Understanding the opportunity costs of your purchases.
  • Sleeping easy at night after knowing you found the best deal.
  • Learning what items are worth paying for.
  • Waiting until products become a commodity.
  • Sleeping on large purchases.
  • Buying used to let others pay for the depreciation.
  • Walking the cheap line.
  • The difference between being frugal and being cheap.
  • Saying no too much.
  • Wining and Dining is killing you.
  • Food trucks and farmer markets can be very expensive.

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