Hey Everyone,
Lately I've been listening to a lot of videos about people who are "house poor" (bought a house they really can't afford,) or are under stress because of various things they bought and are having trouble paying off (cars, luxuries, trips, etc.) I feel especially sorry for the people who bought things they COULD afford at the time, but the expenses surrounding them went up so much, that now they are considering selling.
I find it to be a good learning experience and reminder to myself to try to be very careful about what I purchase.
And it's not just with big ticket items.
I've found that I can pretty easily say no to the big things and make do with something smaller or less fancy. But the places where I really have to watch myself are the little things -- like, my favorite brand of candles go on sale, and suddenly I think I can stock up for a whole year. Or I get enthused about a certain hobby, buy ALL THE THINGS one gets entranced with when discovering something new -- only to find out it isn't really for me, or I lose interest and move on, leaving a pile of things I have to sell, give, or throw away.
And it leaves me kicking myself for wasting money on things I could have avoided if I'd just been a little more mindful! Haven't we all cleaned out our kitchens, closets, and garages, lamenting about all the money we wish we could get back? (Possibly to spend on even more frivolous things we'd have to get rid of, but I digress.)
I saw one video of a young Christian mom who bought a breadmaker during The Time We Were All Trapped at Home, thinking she'd learn to make much healthier bread for her husband and kids -- only to use it twice before looking to give it away.
Can you relate?
* What things do YOU regret buying? Any big ticket items like a home, car, or vacation? What about everyday things like electronics/tech, games or consoles, kitchen/household appliances, clothes, hobbies, toys, tools, etc?
* What suckered you into buying them in the first place?
* What did you wind up doing/ are you going to do with them once you realized it was a purchasing mistake?
* What do you wish you could have rather spent the money on, and what will you do to avoid making such purchases in the future?
We've all made some bad buying decisions.
Let's talk about a few of them together!
Lately I've been listening to a lot of videos about people who are "house poor" (bought a house they really can't afford,) or are under stress because of various things they bought and are having trouble paying off (cars, luxuries, trips, etc.) I feel especially sorry for the people who bought things they COULD afford at the time, but the expenses surrounding them went up so much, that now they are considering selling.
I find it to be a good learning experience and reminder to myself to try to be very careful about what I purchase.
And it's not just with big ticket items.
I've found that I can pretty easily say no to the big things and make do with something smaller or less fancy. But the places where I really have to watch myself are the little things -- like, my favorite brand of candles go on sale, and suddenly I think I can stock up for a whole year. Or I get enthused about a certain hobby, buy ALL THE THINGS one gets entranced with when discovering something new -- only to find out it isn't really for me, or I lose interest and move on, leaving a pile of things I have to sell, give, or throw away.
And it leaves me kicking myself for wasting money on things I could have avoided if I'd just been a little more mindful! Haven't we all cleaned out our kitchens, closets, and garages, lamenting about all the money we wish we could get back? (Possibly to spend on even more frivolous things we'd have to get rid of, but I digress.)
I saw one video of a young Christian mom who bought a breadmaker during The Time We Were All Trapped at Home, thinking she'd learn to make much healthier bread for her husband and kids -- only to use it twice before looking to give it away.
Can you relate?
* What things do YOU regret buying? Any big ticket items like a home, car, or vacation? What about everyday things like electronics/tech, games or consoles, kitchen/household appliances, clothes, hobbies, toys, tools, etc?
* What suckered you into buying them in the first place?
* What did you wind up doing/ are you going to do with them once you realized it was a purchasing mistake?
* What do you wish you could have rather spent the money on, and what will you do to avoid making such purchases in the future?
We've all made some bad buying decisions.
Let's talk about a few of them together!
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