Money is made to spend. We all want something, and that something usually costs money. Some of the “wants” are fleeting desires, spurred by mood or peer pressure or perhaps just a whim. Other “wants” are genuine desires and items or experiences that actually add value to your life.
Whichever it is, Jesse argues that you should wait. Wait before you buy anything, even the genuine wants. For one thing, waiting helps you parse out the genuine from the ephemeral.
Jesse keeps a running list of wants on his phone. If he wants something, he adds it to the list rather than buying it right away. If he still wants it when he checks the list again later, he buys it. Many times, however, he will find things on the list that he hasn’t thought about in a while, and that he really doesn’t want. So the list can act as a simple filter and a sanity check for purchases.
Sign up for a free 34-day trial of YNAB at www.youneedabudget.com
Also, go to https://www.youneedabudget.com/bootcamp/ to sign up for the YNAB Debt Bootcamp!
Ep 02 Debt Story: Meet Tom
331 - Sacreligious Budgeting
Ep 01 Debt Story: Meet Angela
329 - When the Emergency Fund's Gathering Dust, and Why
328 - Why Only Budget What You Have?
327 - A Blind Trust
326 - Renting vs. Buying
325 - Blind Obedience and All Its Benefits
324 - Material Joy
323 - How to Retire and Move to the Woods Fulltime
322 - Buyer's Remoreselessness
321 - Let It Go
320 - Where Has Zero Gone?
319 - YNAB / Intuit Acquisition
318 - Ever the Optimizer
317 - The Greatest Showman
316 - "The Mexican Fisherman"
315 - Savings: Undetected.
314 - What do you mean, means?
313 - Non-Negotiables
Create your
podcast in
minutes
It is Free
We Study Billionaires - The Investor’s Podcast Network
Money Girl
So Money with Farnoosh Torabi
Money Tree Investing
The Disciplined Investor