The Impulse Buy and Dumb Purchases

Have you ever bought something that later on, you regretted purchasing? Have you ever spent more for something than you needed too or simply should have? Have you bought something that seemed like a great deal but it turned out to be more of a rip off? If you keep saying no to all of these questions then you either live in a cave or you’re not being very honest with yourself. Anyways, a few weeks ago I had one of these experiences.

It seemed like such a great deal. I had no idea what I was going to get, it was a random selection. I’ve ordered from the company before and I love their products and the random sale was half their normal price. Granted, I couldn’t choose what I wanted but it was half off. What a great deal right? Well as it turned out it wasn’t such a great deal. The company forgot to mention on the original listing that duplicates could happen and it was pretty much a guaranteed possibility. My heart sank and I just realized I made a huge spur of the moment mistake. I was bitten by the impulse buy. It doesn’t happen to me often but it did this particular week.

So I hurried to see if the item had shipped yet and luckily it hadn’t. So I searched the vendors website for a phone number but couldn’t find one. All I could find was an email address. So I hurriedly got an email together and sent it off in hopes that my order could still be canceled. 14 hours later they responded to my email letting me know that the item shipped before they read the email. Giant bummer, could it get any worse. Luckily it didn’t because they understood the mistake was on their end and they sent me a return label. They promised a full refund. So all is well this time but I’ve had other instances where things didn’t go as smoothly.

We’ve all been there at some point, right. We make a mistake and spent our hard earned dollars on something that we shouldn’t have. We are now one day past Thanksgiving, entering a massive shopping day and weekend in general. Please don’t repeat my stupid purchase. Make sure you know what your buying and more importantly stay within your budget.

Lastly, I want to discuss something that showed up in my mailbox that was very troubling. I received a letter from my bank letting me know they could quickly approve me for a Black Friday loan. When as a nation did be get to a point where we were willing to go into debt in order to buy a gift for someone? I would much rather have honesty. Just tell me you can’t afford anything this holiday season due to budget restraints. Why would I want you to go into slavery to a lender just to purchase some stuff for me?

Then next year you can create a budget line just for Christmas shopping. Many banks and credit unions offer holiday saving accounts that you can use for this very purpose. You can have a set amount transferred over each week or month creating a cash stash that you can then buy gifts with. No side of debt necessary. All you need to do is create a list of people you would like to buy gifts for, how much you want to spend on each of them and botta bing botta boom, you know how much money needs to be in that account come November. Debt is not the answer to Christmas shopping but enough of that rant and back to the main program.

We’ve all done dumb things with money. If you don’t believe me you can read the stupid tax stores at Dave Ramsey’s website. They are fun stories to help you realize that you’re not alone. I’ve been there, you’ve been there, we’ve all been there. But I do think it is a good time for a reminder to keep the stupidity and dumb decision making at home when you go off shopping today and the rest of the Christmas season.

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