Updated: March 22, 2021
Listen to this episode:
Be intentional and plan your purchases, get ready and Add to Cart now for the Lazada Birthday Sale on March 27. Check out the best deals now at https://bit.ly/buylazada
- 01:06: Buyer’s Remorse
- 03:29: Tip 1: Avoid Getting Tempted
- 05:30: Tip 2: Self-Check with Questions
- 10:04: Tip 3: Implement Some Spending Rules
- 14:11: Episode Break
- 15:42: Why We Buy: The Science of Shopping
- 19:09: Tip 4: Make a Needs and Wants List
- 24:44: Tip 5: Take Care of Your Finances
Excerpts and Highlights:
Do not go to the mall with a shopaholic. You’ll most likely buy something on impulse when they do.
Have an honest conversation with yourself and answer this question, “What will happen if I don’t buy this?”
Always pay in cash when buying things that you don’t really need.
Create a “wants” list and note the date whenever you add an item there. Wait 30 days before buying the item. More often than not, the desire to purchase it will be gone and you can just take the item off the list after a month.
Allocate a budget for discretionary expenses. This allows you to have a guiltless shopping experience whenever you see something you want.
Book mentioned: Why We Buy: The Science of Shopping by Paco Underhill.
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