You ever buy something and then regret buying it a week later? Do you jump on sales and purchase items just because they are a bit cheaper than they usually are? If you are nodding yes to these questions, then you might have a problem with impulse buying. Impulse buying is when you don’t really need an item but end up purchasing it without really thinking through the decision or having prior plans of spending that amount. Not to worry though, a lot of us have a problem with impulse buying and the good news is you don’t have to live with it. If you want to stop spending money on unnecessary things or before you buy an item, here are 5 questions you should ask before you buy an item:
Do I need this?
Before you buy any item, ask yourself if you really need it. Before paying for that item, ask yourself do I need this or just want it? Sometimes we can convince ourselves we are buying something we need when it is really just a want. Think about whether you really need another bottle of nail polish or a new lipstick or you are just buying them because they were on special or caught your eye. Picture your makeup drawer at home, is it overflowing with lipsticks? Do you already have 10 bottles of nail polish that you barely use?
Do I have something similar?
Sometimes, something will catch your eye simply because you have something similar in your house. If you need some new containers, maybe you could repurpose some glass jars from your pantry. Or repurpose some gift boxes instead of going out and buying new containers.
Is this an impulse decision?
You know how you may be strolling in the mall or near your shopping centre and see something you like and you buy it even though you had no plans of buying it? That’s impulse buying. So before purchasing an item, you should ask yourself whether you had plans of getting it or you’re buying it out of the blues.
How long will it make me happy?
There is usually the initial rush of excitement when we buy new things. However, this excitement can fade away pretty quickly. That’s why before purchasing that dress or pair of shoes, you should be realistic about how long it will make you happy. Does it have the potential to be something that provides long-term enjoyment, or is it simply a distraction until the next shiny object catches your eye?
Will I get a lot of use out of this item?
If you are buying something that you are unlikely to use more than once or twice, it doesn’t often make sense to complete the purchase. There are other ways you can get what you need for a one time use. For example, you can check to see if your friend or a family member has the same item and see if they are willing to lend it to you. If you can borrow something, it doesn’t make sense to buy it, especially if you can borrow it for free, or for a low cost.