The fall and winter months are often the best time for everyone to make big purchases because it comes with a wide range of special deals and coupons. However, have you ever wonder if these purchases made are really necessary for your life and you use them later. Especially, for big purchases, if you don't shop smartly, you're easy to waste your money as well.
The holiday season with attractive deals is coming so close. So before you make a big purchase, you should ask yourself several questions to make sure that it is actually worthwhile.
Below are 6 basic questions to ask yourself before making a big purchase.
1. Do I really need this item?
Ask yourself "do I really need this item?”! This is the first question to ask yourself before making a big purchase. Take time and always stay as objective and cool-headed as possible to answer this question correctly.
If the answer is "yes", you should make a shopping plan and find the best store to buy it at the best bargain. In contrast, if you answer "no", don't add this item to your cart in order to avoid buying it.
For example, a t-shirt with a $200 price tag is not exactly what you need. Buying it is just a waste of money.
2. Can I afford it?
When you think about your big purchase, ask yourself another question "Can I afford it?". You need to know your finance and wonder if that affordability is your top priority.
If you have a tight budget, you can’t buy it. Don't waste your money on things you cannot afford. You don't want to break the bank or have debt later, right?
Therefore, before making a big purchase, let's make your budget and definite your abilities.
3. When is the best time to make this big purchase?
After you determine the item that you really need and the budget you can afford, choose the time to shop with the question "When is the best time to make this big purchase?".
The time for shopping is really important that help you save money as take the advantage of deals. If you don't really need to make this purchase now, wait for the biggest sale events.
On the biggest sales such as Labor Day, Halloween, Black Friday, Christmas, ... most products are on sale. A wide range of other deals, special offers are launched at this time. So this is the perfect time to make a big purchase without overspending.
For instance, if you want to buy electronics, wait for Black Friday. You'll have more good chances to buy a laptop, a TV, a smartphone with the deepest discounts.
4. Have I chosen the best price yet?
Rushing to shop has side effects: Often you end up paying more than you need to. That's because you can't know if you've got a good price because you didn't "research" at all.
For example, it's on sale at store A doesn't mean you can't get it cheaper at store B.
So you should take time and make research about prices across stores. Make compare is also a good way to be less impulsive and likely to think more carefully. Prices vary from store to store, be sure to get the best deal. Then you can choose the best price to pay for the item you want to buy.
5. Is there a return policy?
The next question you should ask is "Is there a return policy".
With high-value items, the return policy is really important when making purchase and sale transactions. And when you don't really like the item, you'll want to return it, get your money back.
Pay attention to the return policy, get cash or credit back, time for return, warranty information, etc.
6. How long did it take to earn the money to pay for It?
Last but not least, this is also a common question that you should ask before making a big purchase.
Think about how long it took you to earn money for the item you want to buy. Then you'll know whether or not the item is truly worth it. Make sure you feel comfortable with the money you pay for it. You don't want to regret it after making a purchase, right?
For example, you spend all money that you earn in a whole month just to buy a dress you like. With this money, you can pay for all living expenses this month.
The best advice is to save up some more money. When you have more extra money, you can buy it.
Ready to make a big purchase?
The above are some basic questions to ask yourself before making a big purchase. Make sure you answer these questions objectively.
Besides, everything also depends on your finances. If you have a lot of money, you can buy anything you like. The important thing is that you are comfortable with your purchases.
