4 Essential Questions to Ask Before Any Major Purchase
- Do I really need this now? - Distinguish between wants and needs to avoid impulse spending
- What are my alternatives? - Research competing products, used options, or rental possibilities
- Can I afford the total cost? - Include taxes, shipping, installation, and ongoing expenses
- Will this add long-term value? - Consider depreciation, utility, and potential resale value
These simple questions can save you thousands of dollars annually by preventing costly financial mistakes and ensuring every purchase aligns with your financial goals.