Prioritizing Your Purchases

Hmm...which to buy first...a laptop or a camera...a new set of tires, or new brake pads...a pop, or milk...

Which is more important? Which one will benefit you more in the future?

In some cases however, you have to have money for such things like gas, insurance, phone bill, tv bill, etc. (Weekly/Monthly Bills)

But there are those purchases you can control your spending on. I know you're so set on getting your weekly Iced Cap from Timmy's but is it really worth it if your shelling out money you don't have just because it's routine.

Wake up and smell the coffee! (speaking of Timmy's) Do what's right for your money, don't get stuck in that same weekly routine of buying the same things if they're destructive to your budget.

A good way to prioritize your future purchases and to be more organized is too write down a list of them. Doing this will help you think clearly about what your buying and how important it is to you.

For example here's a list of the purchases I want to make in the near future.
 
Example
- JVC HD Camera
- Brake Pads for Truck
- Radiator Flush for Truck
- Laptop
- Windows 7 Software

I would look at each item and ask myself, is it worth buying this item? Will it make my life that much better? How will this item help me out in the future?

In my case, the JVC HD Camera is something I want because it has a hard drive system (no tapes). So it's definitely something that will make my life much easier. For now I have my current camera to rely on. It still works well so this can wait a bit.

The brake pads I need for my truck are important, my pads are worn down pretty good. At least in a standard you can just gear down to slow down. It's something I'll need to help out my truck and I won't totally put it on the back burner.

Radiator flush for the truck. Something I need done but can wait a little while longer. My trucks running fine for now.

Laptop is a major item that will be needed for my career and for school. I will finally be able to edit on the go and pretty much do anything on the go with a new laptop. This is at the top of my list for sure.

Windows 7 software for current computer. This is at the bottom because I'm already saving for a laptop. No need to explain myself there.


Now let's compile this top 5 list of mine. This is set to what I should purchase first according to it's importance.

Top 5
1 - Laptop
2 - JVC HD Camera
3 - Brake Pads for Truck
4 - Radiator Flush for Truck
5 - Windows 7 Software

Hope this helps you today!

Happy Saving!