Last week, I went to K-Mart thrice. I walked away with things I didn’t need yet thrice. I forgot to buy socks, something I needed.

I was astonished when I found out that I wasn’t alone; this happens to a lot of people. We work to buy things we don’t need. Our brains are conditioned to consume more. We are constantly bombarded with advertisements; they follow us everywhere we go.

Here are three questions to ask yourself before you buy a product:

  1. Can I afford it? 

If you have to AfterPay it, you cannot afford it. If you have to put it on a credit card, you cannot afford it. If you are living paycheque-to-paycheque, you cannot afford it. If you aren’t saving a part of your paycheque, you cannot afford it. 

  1. Do I Need it? 

Read again. It doesn’t say ‘want’ it says ‘need’.  There is an important distinction to be made. We all want things, we all desire things, but we hardly ever need them. Before you make a purchase, ask yourself – do I need this in my life? 

This way you save money and won’t accumulate clutter.

  1. Is this the best use of my money? 

Hate it or not, money is essential in our world. It is an essential resource and it is your responsibility to use it well. Spending money on something that isn’t adding value to your life isn’t right.

I’m like you. I too like to curl up in my blanket and watch Netflix. Yet, it isn’t the best way to use my money and time, two valuable resources. 

We often make spontaneous purchases. Asking these questions will urge you to think about your spending habits and make smarter financial decisions. I’m not asking you to penny pinch but to think about where your money is going.

Don’t give in to advertisements and marketing; harness the power of less to achieve more.