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Wait Til Tomorrow - The Dollar Stretcher
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Wait Til Tomorrow

When I was a boy my Dad regularly reminded me to wait until tomorrow to buy whatever had caught my eye. Whether it was a baseball bat, football helmet, cooler clothes for high school or even my first car. The advice was always the same - don't make a snap decision, wait until tomorrow before you decide.

It was good advice for a number of different reasons. First, we all face sudden temptation. Something that we weren't even aware of yesterday is thrust into our consciousness and we think that we must have it. Now. The world makes it very easy to succumb to that temptation. But, every time we reply 'wait til tomorrow' we make it easier to handle the next temptation that we'll face.

The second reason is obvious. Often, we find that whatever we fell in love with yesterday, we've fallen out of love with today. It just doesn't seem so important. And, in fact, it isn't so important. There's a good chance that if we wait just one more day we'll forget about it entirely.

The third reason is that waiting til tomorrow gives us a chance to discover other alternatives. Alternatives that won't cost as much and can make us just as happy as the purchase might. It could be that we already own or could borrow an acceptable substitute.

Fourthly, by waiting til tomorrow we get a chance to do some price and product comparison. Perhaps a competitor's product would better suit our needs or could be bought for less. Maybe we'd be better served with the next model up or next model down.

Finally, we put ourselves in control when we wait til tomorrow. We're not driven by some marketing expert. We refuse to let them push our buttons and make us do what they want. We've taken control of ourselves and like the freedom that gives us.

By facing a desire and consciously deciding to wait til tomorrow we've taken a big step to Financial Independence.

So what do you think? Could a simple decision to postpone purchases until tomorrow really make such a difference? Send an email or comment below and share your thoughts. Let others benefit from your wisdom!

Comments

 

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July 19, 2010 10:14 AM
 

David Bibby said:

Door to door sales people (those who sell water softener systems or complete education packages for your kids) will ALWAYS try to get you to buy NOW without having anytime to really think about it and weigh the pros and cons.  They KNOW that they leave your home without the sale, then it is gone forever.

As I drink from my now purified water.. I have to reflect that if my wife and I had the opportunity to sleep on our decision to buy the softener system, we likely would not have purchased it. As it was.. it DID put us in a bind financially at the time, but we were since then able to pay it off early.

I have nothing against the products.. or the salesperson who sold it to me.  I realize that I was, denied, the ability to Wait Til Tomorrow.

Wait Til Tomorrow - would have saved me from many purchases over the years.  I know better now...

David

July 23, 2010 8:57 PM
 

Allie said:

In Michigan if you buy something from a door to door salesman you have 3 days to change your mind. I cannot remember what the requirements are but I am sure if you contact the Attorney General's office at 1-877-765-8388 they will be able to tell you of the law and the requirements.

July 27, 2010 11:18 AM
 

Cindy Bower said:

Great article!  We should all know that!  Even browsing through Craig's List or flipping to a shopping channel can cost hundreds in unplanned purchases. I don't even want to tempt myself.  Suzy Orman says NEVER buy anything that is NOT on your list.  

July 29, 2010 9:14 PM

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About Gary

For more than 25 years, Gary Foreman has worked to manage money effectively. Prior to starting The Dollar Stretcher, he was a financial planner and purchasing manager. While helping clients manage their hard earned money as a financial planner, he applied commonsense, time-tested techniques during the turbulent 1980’s. The experience convinced him that you didn’t need to hit the lottery to accumulate significant wealth. Following that, Gary had an opportunity to learn more about how to get the best value for a dollar spent in the corporate world. As the Purchasing Manager for a computer manufacturer, he was responsible for supervising over $10 million in annual purchases. Gary began The Dollar Stretcher website <www.TheDollarStretcher.com> and newsletters in April 1996. Over 300,000 readers benefit from the time and money saving ideas presented in The Dollar Stretcher newsletters each week. His mission is to help people "Live Better for Less". He also provides private label newsletters for companies wishing to provide money saving information for their clients and/or prospects. Gary lives in Florida along with his wife of thirty years and their two children. Much of his time is spent working with the men's ministry of his church. One of their ongoing projects is the "Holy Smoke BBQ" which sells bbq on Friday nights with the profits going to support local foster kids and orphans. When he has a free moment you’ll find him restoring a Checker station wagon nicknamed “Two Ton” or cruising in a '65 Impala SS Convertible with doo-wops playing in the background.


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Gary is a former financial planner and purchasing manager who edits The Dollar Stretcher website <www.stretcher.com> and newsletters. You can follow Gary on Twitter.com/gary_foreman
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