The Root Of All Your Financial Problems.
Recently a friend of mine came to me talking about how he could save more money on his heating bill with a new type of heater that he said would drop my heating bill by 50%. Now at first I was a bit sceptical but then they told me about a few other people who had one of these heaters and said they had a dramatic drop in there heating bills.
At first the idea seemed great so I decide I would like to check one out. My friend then informed me that there were only a few heaters left at the lower price and that we need to act fast. I then asked how much these heaters were going for and he said for around $375!
I’m glad people are looking out for me but $375 is a lot to put down for something you don’t know that will absolutely work and as interested as I was I decide to hold off and see what others thought about there heaters first.
In the end I did the math on the heater and what it would cost to run it and found it would only save me around $20 a month at best.
In this situation I survived the temptation not to follow all the hype and make a careful buying decision. I just wish I could have done this in a few other buying decisions. So in this post I am going to give you five simple tips to show you how to steer clear of making quick financial decisions.
A Few Tips To Keep You On Track.
- Stay away from high pressure sales situations. I hate high pressure sale tactics but worst of all they sucker people into a buying decision without even letting you have a little time to think about it. They usually want you to buy right now and won’t let you out of there site until they have tried everything they have. Timeshare agents are notorious for this.
- When people ask you to make a decision tell them you will think about. This has been my best solution for staying out of those quick buying and hard selling situations. Tell them you’ll think about it and walk away.
- Research what you want to buy. Knowing a little bit more about the product will help you understand if your really need this product or if it something you could do without.
- Don’t go to places that will inspire you to buy quickly. Places like Walmart known for this. You buy it cause its cheap and inexpensive but before you know it you have over a $100 racked up. I’ve also seen where others believe that by buying something on sale will save them that much more money. Simply buying something on sale still means you have to spend money to buy it and in reality doesn’t save you anything.
- Ask others to keep you accountable. When you are making buying decisions make sure someone comes with you to keep you accountable and help you in making those buying decision. My wife and I do this all the time when we go grocery shopping.
Do You Make Quick Buying Decisions?
Did you ever buy something and then after you bought it wished you would have taken more time to see if it was really in your best interest? Take time now to share a few of your stories in the comments section below and maybe we can learn to make better buying decisions.
