“A penny saved is a penny earned<\/em>“<\/p><\/blockquote>\n\n\n\n

Been there, done that<\/strong><\/h2>\n\n\n\n

Many of us have been through this. You want to buy a new product and so you go online researching, comparing, reading reviews, or even discussing with your \u2018subject matter expert\u2019 contacts.<\/p>\n\n\n\n

You finally find something that satisfies your specific needs but there is another version of the product with extra features, better specs and of course a bloated price tag! Deep in thought, you say to yourself, \u201cI may have a need for this extra feature\u201d or \u201cI need the higher specs for \u2026\u201d or \u201cI can\u2019t let the world see me with anything but the latest\/greatest\/most expensive\u201d. You finally convince yourself that the more expensive version is the one that meets your needs, and you purchase it instead of the cheaper one.<\/p>\n\n\n\n

Several weeks go by and you realize that you\u2019re not making use of the extra features or specs that were a key part of your buying process. The cheaper product would have served you just fine and saved you money that could have been put towards your financial goals.<\/p>\n\n\n\n

Too many choices<\/strong><\/h2>\n\n\n\n

We live in a world where there are too many choices for anything that we want to buy. The good thing about choices is you can pick something that\u2019s tailored to your requirements but along with that comes the decision-making process which at times can be frustrating.<\/p>\n\n\n\n

When I\u2019m running out of things at home, sometimes I get a bit adventurous and decide to try out a different product than I normally use. I go to the supermarket at the toothpaste or the shampoo isle and go nuts with comparing and selecting. Buying consumer electronics gets even more crazy \u2013 just way too many choices out there! \ud83d\ude0a<\/p>\n\n\n\n

<\/figure>\n\n\n\n

Sounds familiar?<\/strong><\/h2>\n\n\n\n

I must buy the top-of-the-line cell phone because:
“The third telephoto lens will help me capture distant objects. The normal lens just won\u2019t cut it.”
“I need more RAM for faster processing and keeping multiple apps open at the same time.”
“I need more storage so that I don\u2019t have to delete any downloaded content. “
“The bigger screen size and resolution will help me watch content with amazing detail.”
“People need to know that I\u2019m able to afford the most expensive phone that money can buy.”<\/em><\/p>\n\n\n\n

Don\u2019t get me wrong! There are people who would have a legitimate need for the more expensive features, but if you don\u2019t need those then you can save yourself hundreds of bucks by sticking with the cheaper product that satisfies your true needs.<\/p>\n\n\n\n

Focus on your true needs!<\/strong><\/h2>\n\n\n\n

A slightly different and more insane version of what I just described is to buy something that you don\u2019t even need! A few years ago, I bought a tablet and then realized that I have no real use for it. The mind can trick you into believing that you need to buy something that you don\u2019t really need. You might give yourself some self-convincing fake reasons in order to justify the buy.<\/p>\n\n\n\n

A little discipline, self-control, and \u2018a disregard for what the world thinks about you\u2019 can help keep you in check and assist you with making smarter and cheaper purchases.<\/p>\n\n\n\n

Buy only what you absolutely need! Nothing more, nothing less. Don\u2019t throw that hard earned money on self-created unnecessary wants.<\/p>\n","protected":false},"excerpt":{"rendered":"

“A penny saved is a penny earned“ Been there, done that Many of us have been through this. You want to buy a new product and so you go online researching, comparing, reading reviews, or even discussing with your \u2018subject matter expert\u2019 contacts. You finally find something that satisfies your specific needs but there is […]<\/p>\n","protected":false},"author":1,"featured_media":579,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"WB4WB4WP_MODE":"","WB4WP_PAGE_SCRIPTS":"","WB4WP_PAGE_STYLES":"","WB4WP_PAGE_FONTS":"","WB4WP_PAGE_HEADER":"","WB4WP_PAGE_FOOTER":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[74,40,63],"tags":[75,64,65],"class_list":["post-572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-behavior","category-saving","category-spending","tag-behavior","tag-saving","tag-spending","entry","has-media"],"yoast_head":"\n