More financial wisdom from Surviving Financial Meltdown by Ron Blue and Jeremy White.
1. Do I really need this?
2. Can I borrow it, rent it, or try it before purchasing it?
3. Will I change my mind because of cost once I have it?
4. What will I have to cut back on to buy this?
5. Have I had a cooling-off period to avoid making an impulse purchase?
6. Have I checked with my spouse or accountability friend?
7. Have I compared prices on the Internet or other sources?
Most financial advisers recommend waiting 4-6 months for major purchases. For some reason, this includes tattoos.
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