Everyone knows the classics. Only use cash (eh). Wait 30 days before making a purchase to see if the impulse wears off. Track your expenses. Save X% of your paycheque. But what are some more interesting ones?
Everyone knows the classics. Only use cash (eh). Wait 30 days before making a purchase to see if the impulse wears off. Track your expenses. Save X% of your paycheque. But what are some more interesting ones?
Super untraditional ones:
Boredom is one that I’m trying hard to embrace, because I became so aware of it after I did my “buy no new clothes” year. I’m all too aware that I have this cycle where I buy something thinking it’ll “stick”, tire of it, and then spend way too much time selling it since it’s often in near-new condition. At this point the difficulty is trying to differentiate between what’s an impulse buy and what I’ll keep for a long time. I have some things that I’ve had for close to 10 years, but at time of purchase I don’t know how I would have figured out whether I would get bored or whether it was a “keeper”. It’s a double edged sword because “only buy something when you need it” doesn’t work for clothes, because you’ll buy something you don’t truly like just because you need it asap and then you’ll hate it a few months later.
Interesting video, but I’d also be interested to know more about how people actually implement that. “Be content with what you have” is a good principle, but hard to practice if you don’t build that skill.