Money To Live

March 15, 2013

Patience

Filed under: budgeting,goals,hobbies,scrimp/splurge,spending — by moneyconsciously @ 12:09 pm

We’ve all heard the advice not to impulse buy. But here’s an example of how seizing an unplanned opportunity — combined with patience and knowing where I stood financially — worked out nicely.

My wishlist included an item that was a non-trivial expense. I knew that I would eventually purchase this item for a hobby, however a) it was not a priority, and b) it didn’t fit my current spending pattern.

On the weekend I passed by a sale. I decided to stay open-minded. The sales assistant recommended me a product and size, and the first one I tried was excellent: much better than I expected, and I felt it was unlikely that I could find a better fit even if I were to shop around.

When I walked into the store, I already knew that I had planned to not buy this item immediately. The pressure to impulse buy was removed.

I also knew that, although it wasn’t within my current budget, I could make it happen if I really wanted it. If I bought the item now, I would benefit from a 40% sales discount and no future rental costs. I would also save time shopping around.

So, after patiently wishlisting this item for a year, I impulse bought it…and saved time and money in the long-term 🙂

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