Optimal Finance Daily - Financial Independence and Money Advice 3403: 5 Things to Consider Before Making a Purchase by Dan Erickson with No Sidebar on Reducing Impulse Buys
Dec 28, 2025
Explore five insightful strategies to curb impulsive spending. Learn to differentiate between wants and needs, and cultivate gratitude for what you already have. Consider both the monetary and time costs of purchases before diving in. Discover the power of browsing alternatives to delay decisions. Use the art of walking as a reflective practice to manage buying impulses. Finally, practice saying no to small temptations to build financial discipline and achieve your long-term goals.
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Wanting Is An Emotional Reaction
- Wanting is an emotional response to feeling unsatisfied with what you already have.
- Trying to satisfy that emptiness with stuff produces temporary highs that quickly fade.
Personal Admission Of Wants
- Dan admits he wants more musical instruments and home improvements despite owning enough.
- He says he learned ways to curb his wants rather than eliminate all desires.
Check If What You Have Suffices
- Appreciate what you already own before buying something new.
- Ask if an existing item already fulfills the purpose and focus on using it more.