So after Christmas, we’re all still on this high of buying. We get gift cards and notice what we really want. But. That’s when we really should be thinking about the things we’re buying.

Here’s an easy way to think about if you should be buying something:

Can I afford this?

Not just “Do I have the cash to cover this”. Think about the numbers. Will I be able to finish the month with more money or will I run out of money before the month is over? 

That’s just the first question. And just because you can afford something doesn’t mean you should buy it. That’s just the first question.  

Do I have something like this?

This question will evaluate the necessity of the item. Sometimes you need a new phone. But can you buy one a year older? Let’s be real, all iPhones look alike and no one really knows which one you have but you. 

Does this align with my values?

So if you don’t know what your values are, think about things that make you happy. For me it’s Family, Money, Work, and Faith. If I purchase something, it’s either to make money (or will give me a return on my investment), keep my family happy (like experiences), do better at work (courses or training), or help my relationship with God (Bibles, notebooks, Bible studies). 

Will I actually use this? and How long will this last?

How often will I use this? and does the price justify the purchase? What’s the cost per use? Like a $30 pair of crocs with a use of 300 times is $0.10 per use. WORTH IT. That same pair of crocs will last me 4 or 5 years, so the cost per use will go down the longer I own them. 

Is the item more than I need?

When you’re trying to reach financial goals do you really need the best and most expensive? Think about the reason you’re buying something. Let’s say you need a car. Are you using it for travel? Do you have a bunch of kids? Do you need a 4×4 if you live in a city? Get a vehicle with features you know you’re going to use. 

Now you know!

When buying large purchases, a lot of research goes into it. But let’s be real. We’re not buying houses and cars everyday. These questions are for everyday items. This is for the dollar spot at Target. 

Having a goal at the forefront of your mind, means you need to be more mindful of the small purchases too. 

We guarantee thinking about these questions before you make a purchase will save you a lot of wasted money in the long run!  Want to find more ways to save money? Check out our 14 day Money finder at www.MilitaryMoneyFinder.com