Buy One, Throw One: Controlling the urge to buy

Buy One, Throw One: Controlling the urge to buy

buy-one-throw-one-header

Have you ever bought an item home from the market or shops only to find nowhere to put it? We may have found you a solution. Sea kayaker and explorer ‘Gadget’ explains her philosophy to having ‘just enough’.

I am a sea kayaker nicknamed ‘Gadget’. I’ve always seemed to find the most amazing things to bring on my kayaking expeditions. It has become such a joke that at my last club Christmas party my present was a battery operated insect deterrent. So, as you can imagine my kitchen is full of gadgets, and is often referred to as the ‘Gadget Graveyard’!

Recently, while a friend who lives in very small apartment stay with me, I learnt a new philosophy. I was extolling the virtues of one my gadgets when the response came back, “I have a rule that if I buy anything for my apartment, I have to decide what I will throw out. It doesn’t matter if it’s a new garlic crusher or a new dress – if one comes, one goes.”

This concept shocked me, but then I thought to myself, “this would be an excellent way to control the urge to buy, buy, and buy some more”. The chances are that if you have to justify an expense and work out what it would replace, then the urge to buy will pass.

So next time you have the urge to buy something new, be it a gadget or a shirt, think if there’s anything you can discard in it’s place.

 

Disclaimer: Financial Mappers does not have an Australian Financial Services License, does not offer financial planning advice and does not recommend financial products.

I am a founding board member of Plencore Wealth Ltd and Plencore Online Pty Ltd. I am the designer of the product Financial Mappers and Financial Mappers PRO, cloud based modelling software for Personal Finance. This software is sold on the web site www.financialmappers.com.au.I am an educator, investor and expert in both personal finance and mathematical modelling and the author of 'Map Your Finances'.I have both a Graduate Diploma in Applied Finance and Investments and a Diploma in Financial Advising from the Securities Institute of Australia. I also have a Financial Analysis Certificate, by Distance Learning from University of Technology, Sydney. I am a Senior Fellow and Senior Mentor of FINSIA.
line-height: 1.3em;
0 Shares
Share
Tweet
Share