Comments on: How to Talk Yourself Out of Buying and Spending?

By: Ann

Ann — Tue, 12 Apr 2011 04:26:57 +0000

This is a fabulous list. Great reminders!

By: Thousand Pennies

Thousand Pennies — Wed, 11 Aug 2010 19:59:32 +0000

I loved this post! I linked to it and elaborated on it on my blog at athousandpenniesaday.blogspot.com

By: Weekend Personal Finance Links

Weekend Personal Finance Links — Mon, 02 Aug 2010 05:05:36 +0000

[...] Well-Heeled Blog posts on how to talk yourself out of buying and spending. [...]

By: Ruby Clifton

Ruby Clifton — Sun, 01 Aug 2010 03:16:53 +0000

There are some people who are impulsive buyers. They really need to restrain themselves.

By: Link love (Powered by couscous and waffle cardigans) « Musings of an Abstract Aucklander

Sun, 01 Aug 2010 02:38:59 +0000

[...] And finally, Well Heeled offers some suggestions for talking yourself out of spending. [...]

By: youngandthrifty

youngandthrifty — Fri, 30 Jul 2010 06:36:28 +0000

Great tips- it helps you rethink about your pending purchase and not automatically go into "I WANT IT NOOOOOOWWW NOWWWWW!!" mode.

I sometimes get into that mode, and tell myself to walk away from it, ask the sales person to hold it, and come back if I really want it, in an hour. I suppose I'm referring to a recent walk-away from a BCBG dress that was so discounted I almost had to have it. =)

By: Carolyn

Carolyn — Tue, 27 Jul 2010 21:06:20 +0000

This is EXACTLY what I needed to read right now. Merci, sweets.

By: Droppin’ Knowledge « from the moon and beyond

Droppin’ Knowledge « from the moon and beyond — Tue, 27 Jul 2010 18:02:12 +0000

[...] see more, here [...]

By: martianmelaine

martianmelaine — Tue, 27 Jul 2010 17:04:11 +0000

wow really informative, linkin back to the blog

By: How To Talk Yourself Out Of Unnecessary Buys : Real-Time Finance

How To Talk Yourself Out Of Unnecessary Buys : Real-Time Finance — Tue, 27 Jul 2010 05:45:20 +0000

[...] Here is some of the best advice from the post: [...]

By: Denise

Denise — Mon, 26 Jul 2010 20:52:44 +0000

Great list! Thanks so much for sharing. I'll go with #1!

By: Reasonable

Reasonable — Mon, 26 Jul 2010 13:28:28 +0000

I also use the Don't-Touch-It method. After you pick something up you are more likely to buy it.

By: Benjamin Bankruptcy

Benjamin Bankruptcy — Mon, 26 Jul 2010 07:20:29 +0000

I like the hours of work after tax to buy it BUT i don't think it acurately reflects how long it would take for you to "afford it". Your "real hourly wage" shoul be:

net income – expenses (rent/mortgage, insurance, food, clothing etc) – retirement contribution = disposable income

disposable income/hours worked = "real hourly wage"

It's actually the money you have left over after paying for food, accomodation, health insurance, that you have available to spend. It might take you 3 months of working to save up for that "widget"

By: Samurai

Samurai — Mon, 26 Jul 2010 01:01:34 +0000

Another good one is to calculate what you have to make in GROSS INCOME.

$70,000 car costs me about $110,000 in gross income due to taxes. Ouch!

By: Emma

Emma — Sun, 25 Jul 2010 14:31:49 +0000

I went through this and decided I still wanted it! It was two days worth of work, but I have my new waterproof camera! I DID wait for two weeks before buying it though, having found it for a reasonable price and then started the research and checked the reviews of it.

This also means that I can pass my other digital camera onto my parents, who have been discussing wanting a digital camera. Did I REALLY need it? Well, not really, since I already have a camera, but when summer hits, I buy the disposable cameras anyways so that I can bring it to the pool/beach/vacation, and then I still have to develop the photos, and scan the ones I want, and getting a digital camera that's waterproof over the long term does save me some money, but certainly not initially.

This purchase was more of a want vs a need, but I'm still happy with it! Plus, when I see my mom next week, I can suprise her with a new (to her) camera!

By: Money Weekly Cache 2010, July 25 | Money Reasons

Money Weekly Cache 2010, July 25 | Money Reasons — Sun, 25 Jul 2010 04:24:50 +0000

[...] Heeled Blog: How to Talk Yourself Out of Buying and Spending? Well Heeled did an excellent job of summerizing the exact steps I go through to minimize my [...]

By: Money Reasons

Money Reasons — Sun, 25 Jul 2010 01:08:13 +0000

Those steps you identified above are the exact steps that I go through.

For example, I don't have an IPod (I know I'm not cool…), but I do have a $30 equivalent! In fact, I don't even really have a cell phone of my own (the blackberry I have is really the property of the company that I work at!), but I'm more than glad to use it

Great list!!!

By: Allison

Allison — Sat, 24 Jul 2010 21:01:39 +0000

The first one (hours worked) technique works VERY well for me– especially when you make 7.50/hr and hate your job! It even prevented me from going out to lunch while at work. (Gee, with this lunch I will have just worked the last hour for free!?) Thankfully I have left the summer job behind to go back to school. Academia is a breeze compared to a job in the service sector!

Love your blog very much, good guidance for someone who feels financial burdens beyond my years early in life.