We have all heard about tracking our income and expenses, making shopping lists, and putting money away for a rainy day, but none of these things has ever made us any richer. Most of us still continue to waste our money as soon as we earn it.
This is why we decided to find the simplest and most effective tips that will help us avoid impulsive purchases and say “yes” to rational decision-making.
How does it work? Marketers do everything they can in order to make you somehow see a product and want to buy it, this is why fitting rooms are usually in the farthest corners of stores, and the most expensive goods are at your eye-level. In their arsenal, they have products with special offers, the letters SALE on the windows, plastic cards with discounts, pleasant smells, and nice music.
What’s the right thing to do?
- Option № 1. Do the “Stranger test.” You want a new dress? Imagine there is a person in front of you holding what you want to buy in one hand, and its money equivalent in the other. Which one do you choose? If you want the money more, it means you don’t really need the product that much.
- Option № 2. Imagine your purchase 6 months later. Here is the dress you wore just once, hanging uselessly in your closet. Use this moment to make the right decision.
Don’t give up without trying both of these options.