Personal Finance
3 Questions Educated Consumers Ask Themselves
By Scg8866t Stockinvesting  •  November 16, 2014
All it takes to prevent a bad purchase is to ask yourself a few questions and answer them honestly. In this age of consumerism, pseudo "justifications" can empty your wallet pretty quickly. So before you make a purchase, asking yourself these three questions might save you from making a bad purchase. 1) Is this a necessity or a want? If not buying it will negatively affect your lifestyle, then its a necessity. If it is, think it through and tell yourself whether you have done a thorough price comparison with similar items. If it is a want, ask yourself whether you can delay it. 2) Is it worth foregoing a chunk of your investment money to buy this? Big ticket items will usually dig into your bank reserve/investments which are actively collecting interest. Do you love this item so much that you are willing to forego precious interest for it? ......
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By Scg8866t Stockinvesting
Thanks for reading my blog. I am just an ordinary Singaporean with an avid interest in technical analysis, fundamental analysis and philosophy.
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