“Daaaaad, can I get this new Lego Ninjago set?”
Me: “You’ve got heaps of Lego already, can’t you play with that?”
We are drawn to new and shiny like moths to the flame.
And we get bored quickly.
Both boredom and new are prompts that can lead us to spending money.
Marketers know this about us and exploit it.
In your home do you have a graveyard of past purchases?
- Outdoor equipment (bikes, kayaks, SUP boards, snorkelling, hiking, camping)
- Board games
- Unread books
- Clothes that were barely worn
Unplanned/impulse spending is a major saving killer that can lead you to miss out on affording things that really matter to you.
A great way to get more life out of your money is to revisit past purchases. You get another buzz without spending any extra.
Next time you’re feeling bored and craving something new and shiny to entertain you perhaps imagine me saying: “first, go play with your old toys!”
In fact, right now picture one such past purchase that’s gathering dust and make a plan to use it this week.