GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.
However, just because it is easy to spend yourmoneydoesnt mean you should every time you have an impulse.
Genesis Hinckley: Why am I Making This Financial Decision?
To not confuse temporary desires with genuine needs, Hinckley said to ask yourself the following.
So I would prompt you to think and process, Why am I making this financial decision?
Is it for them?
Or is if for me?
Most of the time its for them.
And why would you put yourself into debt for them?
This straightforward notion forces you to pause and evaluate your spending habits.
This question forces you to dig deeper into the impulse behind a purchase.
Instant Gratification vs.
Most people who buy luxury items, especially on loans are simply doing it for the external validation.
She encourages her followers to invest inexperiences and thingsthat bring sustained value, rather than fleeting excitement.
The next time youre about to buy something, take a moment to ask yourself if you should.
More From GOBankingRates
Share This Article:
