My non-traditionally coiffed blogging buddy J. Money applauded another writer’s “Two kick-ass spending tips” – or, rather, his non-spending tips, as they’re designed to curb impulsive buying.
The Stranger Test: Imagine a stranger holding the item you want to buy in one hand and its price – in cash! – in the other hand. Which would you choose?
The Urgency Test: You’re wondering whether to buy something. Ask yourself, “Would I wear this out of the dressing room right now if I could?” If the answer is “yes” and you can afford it, go ahead.
These are the “only two saving/budgeting ideas that I actually follow these days,” the anonymous blogger, Zee, notes on his site, Work To Not Work.
Good ideas both – although I do think the Urgency Test should be tempered with a bit more questioning, e.g., “How often would I actually use this?” (especially as regards things like hand tools and kitchen gadgets) and “Will this make a big enough difference in my life to spend the money?”
Put another way: There’s a reason you see new or practically unused stuff at yard sales. That reason is often, “It seemed like a good idea at the time.”
I do like Zee’s viewpoint, though — and I’ll see his two basic tips and raise him seven more ways to help avoid overspending.