We carried the little note next to our credit card and reflected before swiping. These simple questions helped us communicate on how we would collaboratively manage our money and helped us save our hard earned pennies.
Questions for Spending Money:
Do I need this? Will I use it?
Can I get it cheaper somewhere else?
Are there comparable items for a better deal?
What are the total costs?
Is this a want? If so, do I have enough fun money saved up?
How are the reviews? (We usually check Amazon or Google)
Would my spouse approve of this purchase? Will I regret it later?
Will I use it often? How long will it last?
Do I have something at home that could perform the same function?
I no longer have the note in my wallet, (simply because I gave all my copies away) but the intuitive thought process is ingrained in me. I use coupons and shop around before getting an oil change. I often put an item on my wish list and let it sit for a few days so I can think about it. Often I decide I don’t need it or choose to spend on something else. I calculate price per servings and choose items that fit in my budget. I work too hard for my pennies to carelessly lose them. I refuse to kill money. The dollars I save add up quickly and give me funds to make those big expensive purchases when they come around.
Show respect to your money (and your family) by treating each purchase as an important decision.