2million - My Journey to Financial Freedom

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Tuesday, December 27, 2005

The Best Time of the Year to Buy!

Being as frugal as I am, I typically don't buy things that are aren't an immediate necessity. Any purchase I can put off or convince myself I don't need right away (even when I think I find it at a good price) usually helps me keep my expenses down. Delaying purchases helps me avoid unnecessary or impulse buying which helps boost my savings rates that help me reach my annual net worth goals.

However, this is the time of the year I loosen my grip on my wallet. After the holidays almost everything is on clearance and great buys are plentiful. Since Monday I have bought:
-remaining holiday gifts (last of the gifts I needed which were 50% off the pre-Christmas prices)
-home items including a crystal vase (not something I desperately needed, but was less than 1/2 the price at Macys )
-cordless drill and other hand tools/accessories (great buy at an outlet store)
-gas powered pressure washer (had a 10% off coupon)

Why now?
-Most importantly, I have reached my annual target net worth for 2005 and psychologically I think its important to reward myself. Its time to celebrate the hard work throughout the year.
-The tax year is almost over, now is the last chance to buy things for additional write-offs in this tax year.
-After the holidays almost everything is on clearance - one of the best times of the year for the frugal shopper such as myself.

I have only got a couple more days till the new year so I need to make the most of it. Then its time to buckle down for another year of rigorous savings towards my 2006 net worth goal. Happy New Year!

3 Comments:

  • I agree with your observation that now is the time to buy. We have used our Christmas gift (money, isn't it grand) from my parents for a new gas grill, an eliptical machine, and a few other things. All were found at great prices. Of course, I should have put the money entirely to debt but that is no fun at all - this view could explain my financial mess. But the the New Year's Resolutions don't technically begin until next Sunday, so until then I can spend, spend, spend!

    By Blogger Might Have Been, at 4:43 PM  

  • I think that overspending on projects like this it could cause a bad credit history! Therefore, spending should be treated with careful planning!
    Thanks!

    By Blogger xsclean, at 7:16 AM  


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