I’ve been having a really hard time recently trying to decide whether or not to spend money on home repairs and improvements. I think once you’ve been on spending lock down, it’s really hard to let go of that thrifty mentality. Apparently, I’m not the only one as John at Frugal Rules seems to be having the same issues.
This isn’t the first time since we paid off our credit card debt that I’ve felt this way. I think being cautious about spending is a good thing, but will I ever get to a point where I don’t have to second guess so much? Is there a way to know when it’s the right time to spend money? I almost threw all this out the window this weekend with a crazy impulse buy. Now that I’m back on the wagon, we can look at the situation and learn some lessons.
Do You Ever Need New Furniture?
I’m looking at our living room couch as I write this post. It is kind of a suede like material that we loved when we picked it out about 10 years ago. In hindsight, it wasn’t the best material for having pets and small children, as is is now a wrinkled mess of stains and lumpy cushions. I actually bought a cover to hide some of the blemishes, but I think the cover looked more disheveled than the actual couch.
But, if I go sit on our couch, it still is comfy. It holds our weight, even if it does sag a little bit. Springs don’t poke me in the behind. Do we really need a new couch or am I just too into appearances?
Decide If Your Purchase Will Give You Value
We made the mistake of wandering into a furniture store last weekend. We went into Durango for a Home Depot trip, not related to furniture in any way at all. We had an early dinner and walked around down town. That’s where Jim and I met, so it’s sort of nostalgic for us:)
My #1 rule if you don’t want to spend money is to stay out of stores, but we broke our own rule and went into an outdoor gear store because of a sale. We didn’t find any amazing deals, but since we were on a roll, we also went into the furniture store next door. Of course, I saw the perfect couch to replace old saggy.
For a few minutes, I felt like the old Kim who would have bought a new couch without much of a second thought. I can honestly say that I almost made an impulse buy. I could feel that rush of adrenaline or whatever happens when you’re about to buy something really cool. Then, my new self took back over with all the questions you need to ask before a purchase.
- Is this a want or a need? Want
- Will this add value or happiness to my life? Maybe, not 100% sure. That was enough to make me realize a purchase was not happening today, but if you go on…
- Is this the best possible price? No idea, as this was not a planned purchase and I haven’t looked around at all. Even if it had been a half price sale, I would have had no idea if the purchase price was a good one because I hadn’t done my homework. Don’t ever think a store wouldn’t try to trick you into thinking something was a good deal.
Can’t I Ever Just Buy Something Without Thinking It To Death?
Absolutely! Living in the good ole U.S. of A. or most of the other places my blog readers come from gives you the right to free will. You can buy until your heart’s content. We did that for years!!
However, I learned the hard way that buying does not make your heart content. Being in control of your finances and out of debt does. If that means I have to consider every big purchase for months, then that’s what I’ll do. It isn’t spontaneous. I’ll never surprise my husband with a new car for his birthday, but I do believe we will get to retire long before the majority of people, and we’ll have enough money to get to do things that are really important to us. Buying new furniture is not on that list.
I don’t think new couches are bad. At some point, we will probably get another one. Being financially sound doesn’t mean you have to have have crappy furniture forever, but it is sometimes hard to know when to spend and when to save. I think we’ll consider if we really think a new couch is a good idea, and if we still feel like the one we saw is the one, we’ll put our current furniture in a yard sale this spring. If not, a little sagging never hurt anyone!
Have you made any impulse buys lately? Do you think that impulse ever goes away?