Preparing for a Big Purchase
By Indy Summers
Making a big purchase is an exciting time for you and your family. That's because a big purchase typically entails some type of splurge that you can all enjoy together. It's a chance to buy something that is deserved but isn't an everyday necessity. If you're going to make a big purchase, there is some prep work involved. Aside from saving up, you also need to mentally prepare for making a big purchase.
Remind Yourself It's Okay to Splurge
Big purchases come with a lot of stress, even if you're financially ready to make them. That's because our brain likes to remind us of all the things we should save up for instead like college and emergency funds. It can be nervous watching money dwindle from your account. As long as you've done your research and you saved up, you can make a big purchase. Remind yourself that you've worked so hard and you deserve what this big purchase is. Remind yourself that this isn't an everyday purchase and a one-time thing. Those are just some of the ways you can mentally prepare.
Take Deep Breaths When Getting Finances in Order
The first step in making a big purchase is getting your finances in order. Separate the money for the big purchase from your account that bills take out of. This helps you differentiate between money that is needed and money that can be spent. It'll help ease your nerves when you see that you actually have money set aside to make a big purchase. Make sure you take care of all your bills and finances before you make a purchase. Also, look around to make sure you are getting the best deal. These things will help you to relax because you'll see that buying something pricey is well within your budget.
List the Benefits of a Big Purchase to Ease Your Mind
If you're still nervous about making a big purchase, list the benefits of whatever your buying. Are you planning a vacation? Purchasing a new electronic? Installing an inground pool? Although none of these things may be deemed necessary, they have benefits. You work hard for your money and you deserve to do something nice for you and your family. A pool is something that may be expensive right off the back, but in the long run, it will be worth it. When considering inground swimming pool costs, you have to remember that it's more than just a purchase. It's something that will bring joy to your family. It also will help you save money because instead of going out, you can relax together at home. Big purchases also show that it's okay to still have fun in life. Money doesn't just have to be spent on bills.
Conclusion: Mentally Preparing for the Big Day
Don't make a huge purchase and pay for it all in the same day. You'll end up regretting your decision. Instead, start planning weeks or months in advance. This helps you save up a little at a time so you're not overwhelmed all at once. This also allows you to take time to ensure that you are making the right decision. If you're really feeling nervous, make a budget and a list of pros and cons. That way, you have tangible things to refer back too. Overall, a big purchase doesn't have to be terrifying and stressful. You should be looking forward to your big purchase and how much happier it will make your life. That's why it's so important to mentally prepare.