How do you decide if a purchase is worth it? Do you look at your monthly expenses and check if it fits your budget? Do you save up and buy the item you want no matter what? Do you decide to skip and wait for a sale or coupon?
It’s always a good idea to have a decision-making system that can help you navigate any shop, online or otherwise, that you decide to visit. If you apply it to every purchase, you’re going to notice significant improvements to your finances and, with a little bit of practice, you’ll be able to keep the fear of missing out at bay.
Today we’re going to look at the splurge, settle and skip plan. We’ll give you a few examples of items you should buy or not. Hopefully, in time, you’ll be able to expand this list to your own likes and needs!