Buying stuff on sale. When it can work for you, and when it doesn’t…
Wow! It’s cheap!
I remember back in high school I went shopping with friends one weekend and stumbled across a ridiculously cheap rack of clothing. Everything was $10 or less. Absolute bargain. I was in my element and spent $50. That was A LOT of money back, then, I mean that was my savings, I was only earning about $30 a week so this was a pretty big deal.
In the heat of the moment, I couldn’t believe how lucky I was to be able to get all this stuff at such a cheap price.
12 months later…
12 months later I went through my wardrobe doing a bit of a clean out and discovered three items of clothing that I’d picked up in said sale. With their tags on. Hanging at the back of the wardrobe. The second next thing to go in the vinnies bag was the green singlet from the same sale that I’d worn only once because green looks pretty crappy on me.
What a waste!
It was a big lesson that buying on sale is only worthwhile if you are 100% willing to pay full price for that item. It’s then an amazing bonus. Any time you’re buying something just because it’s on sale, the chances are you’re wasting your money.
When you do find something on sale that you were wanting to buy at full price, it’s a double treat – you get to buy what you wanted, and you get to put more money toward your savings goals. See it as a bonus and put the money that you’ve saved aside, don’t just spend it.