Seven Questions to ask before making a big purchase

Are you kicking around the idea of making a big purchase?

Buying a new vehicle, home, puppy, sports gear, investment – all so exciting!

Let’s prolong that sensation by asking some key questions. In a Weekend Yoga Workshop we were taught to ask ourselves these Seven Questions:

What is it that you want?

Car, house, boat?!

What are you looking to get from it?

Honesty is required here. Is it to satisfy a cultural or a personal need?

What are you willing to do for it?

Even more powerful; What are you not willing to do for it?

What expense are you willing to give up for it?

What expense are you not willing to give up for it?

Can this need be fulfilled in a simpler less expensive way?

Every big purchase should come with those questions because the cost will go beyond the price tag. Most posessions you bring home will need maintenance to fullfill their expected life spans.

The two cliches "Puppies are not just for Christmas" and "The two happiest days of a boat owners life is the day they buy it and day they sell it" exist they are often impulse purchases rather than considered decisions. Try to stretch your enjoyment of a purchase past the first couple of weeks by mulling these seven questions over first.

If the answer is still a YES:

1. Have you checked reviews to find the one which best fits your needs ?

2. Which bells and whistles do you need and which don't you?

3. Would a used item do? Who doesn’t love eBay?!

4. When is the typical sales period ? (Hello November)

Budget in Time and Maintenance for your new purchase.


Recent Posts

See All