How Savoring Translates To Savings

New things seem like the most amazing things ever until you get tired of them and get the urge to replace them with newer stuff. The buy-boredom-replace cycle is natural and tough to avoid, but you can save money if you can figure out how to stretch it out longer.

Savvy Sugar suggests teaching yourself to savor your luxury purchases in order to get more fulfillment out of your financial choices. The advice is geared to vacations, but applies to just about anything you buy with discretionary funds.

Step one is to relish the anticipation phase. Instead of rushing out to seal the deal, do some research. Read up, talk to others about your plans and weigh the feedback to focus your own decision. Then let it sink it, sleep on it and repeat the process. This is the step that will save you the most money. If you take twice as long as your friends to size up your next phone or computer purchase, you’ll buy half as much as them.

Once you make your move, try to be appreciate the nuances of your new thing, rather than just tossing it aside and thinking about your next move. If you deepen your attachment to your experience you won’t be so quick to replace it.

The Secret To Making Your Dollar Last [Savvy Sugar]