Happy New Year!
As part of my resolutions for the New Year, I am beginning "Tuesday Tips" and "Friday Favorites." I will try to post as many Tuesdays and Fridays as possible; but with work, trying to get a new hygiene license, and preparing for a move that we don't have a date for yet.. it might be tricky! A move? Yes, we will be moving in 2014! No set date yet though! The new city [revealed later, unless our moms, dads, or siblings have already spilled the beans!] wants Tyler there May 1, but they want to keep him here until his replacement arrives in June - so for now, the two cities are battling it out!
Today's tip, and many Tuesday Tips, will be about budgeting. Everyone's making resolutions for the New Year and this is a popular one! I feel like [while yes, I am a shopaholic] this is something I have a grasp on and can help share my budgeting and saving tips with you! It also helps me to have it written down and out there so I can "practice what I preach" so to say. Here it goes!
If You Can Wait, Wait!
"Good things come
to those who wait.."
All holiday decor is like this! Once the season is over, everything goes on major sale so they can get rid of it and stock the next item. You may be a little short on decor this year, but you won't be short on cash from over-spending, and next year you'll have a great selection!
It's a long process, but I make myself do this with most items and it's saved me a lot of money!
1. Take a deeeep breath and walk away from the item.
2. Go home and wait a minimum of 3 days. But preferably a week.
3. After the required time, reevaluate. Have you forgotten about the item? If so, not only is this item worth the wait, it might be something you can live without. Can't get it off your mind, dream about it nightly? Continue on before rushing to the store:
4. Make sure you have funds for the item in your spending money [complete breakdown on how I get my "Spending Money" number to come in a future Tuesday post] - not only should you have the funds for the item, but you should have 1.25x the price. Ex. If an item is $25, make sure you have at least $31.25 available. This accounts for tax, a pack of gum or lip balm you might pick up in the check out lane, and leaves you a little bit of cushion so you're not maxing out your spending money.
5. Have a vision for the item. If it's a clothing item, do you have at least 2 outfits prepared for it? Shoes, same thing. Home decor, if it's not holiday decor, is it something that can be set out for at least 2 seasons of the year, and is it a durable, "years to come" piece? You get the picture; make sure it's not something you'll only wear or use once.
6. Still in love with the item? Check online. Sometimes other stores have the exact same item at a lower price - just watch out for taxes and shipping fees. Also, check the store for any coupons or online deals. No luck? Proceed to step 7.
7. Head to the store and find it. If the item isn't there, I tell myself it wasn't meant to be. If the item is there, I do three things [I told you, long process!]:
- Pick it up and reevaluate. Again, think of just how you'll use the item. Also, if it's clothing, try it on! Some things look great on the hanger and awful on.
- Walk away without it. If it's painful, keep walking. Graze down a few isles and come back to the item to see if you still feel the same way about it.
- Count. Is it the last one? or are there plenty there? If the answer is plenty, it might be worth waiting to see if it goes on sale at a later date. Last one, or only a few left? Proceed to final step.
Yes. The process is long, and painful, but worth it. I can honestly say I've saved a TON of money and stayed in budget by being patient and waiting! What's meant to be in your closet will always find a way to be in your closet.
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