If After a Week You Don’t Remember Anything, Don’t Buy
Let’s face it: most of us spend money on completely unnecessary things. We buy gadgets we don’t use, books we don’t read, and events we don’t even remember. If after a week you do not remember something, do not waste money on it.
As the personal finance blog The Simple Dollar explains, if you don’t remember what you paid for a week later, it’s probably a good indicator that it was a waste of money. Buying books is great, but if you’ve already bought twelve this week, you’ll probably forget the thirteenth. Add it to the list if you don’t want to forget, but don’t buy it until you’re sure you won’t forget:
This is perhaps the biggest lesson I’ve ever learned about personal finance. If you forget about this subject or experience after a few days, you shouldn’t spend money on it. If it is completely forgotten, then all the money you spent on it is mostly just lost.
The only things you should completely forget about are your most basic necessities of life – basic food, basic clothing and shelter.
Of course, this does not mean that you can never spend money on something that you are not sure what to remember. I watch films regularly, I’m not sure if I will like them, because I might like them. However, when you know you don’t have time to use an item or don’t care about a particular experience, this is as good a filter as any other to determine if you should really be spending money on it.
How to Live a Modern Rich Life Without Debt ”wiki useful Simple Dollar via Rockstar Finance