We normally look at an item and, either consciously or unconsciously, decide to purchase if we think the item is worth our money. But how many times do we look at an item and wonder if our money is worth the item? The question changes. Instead of it being ‘should I spend $800 on a new TV?’ the question becomes, ‘is a new TV worth my hard earned $800?’ Additionally, if we don’t have the money for a TV and we are thinking of buying on credit, then the question becomes, ‘is a new TV worth my hard earned $800 plus 15% interest and payments for a year?’ Often, the items of real value to us are the ones we save to purchase, not the impulse buys.
Next time you want to buy a big ticket item, or even a few small things at the dollar store, ask yourself if you really want to sell your money in return for the value the item gives you. This different perspective may change your purchasing decision for the better.