Over at personal finance weblog Get Rich Slowly, guest writer April Dykman explains how she curbs unnecessary spending with the flowchart you see here. It’s a simple process that hinges on cost (“Can I afford it?”), need (“Is it something I need or lack?”), and quality (“Is there a less expensive/high quality option?”), and if you were to stick to this flowchart for all your purchases, chances are you’d make considerably fewer regrettable impulse buys.
Let’s look at how this would work using my cooktop example:
Popularity: 11% [?]
