Before Spending Money, Count First


Proper financial management assumes that a money spending decisions should be taken on the basis of priorities. Before every purchase, one should think about whether it is worth spending the money. A modest check-list of four questions will help you decide whether you want this purchase.


Before you pay for an item, a service, a lesson, or an impression, count how much profit your current expenses will later bring. Expenses can lead to income if you think about the result you will later get before buying something.

Here is a sample list of questions…

1. Are you buying anything for the family?

First, consider whether the purchase will help your family. For example, you love to photograph memorable moments. Or spend your free time together playing games. Then buying a camera or a game console will help you stay with the family more often. Make sure that the new thing fits into your lifestyle and family entertainment.

2. Will the purchase save your time?

Another reason to buy anything is when the purchase gives you more free time and a few hours or minutes for useful occupations. When you hire a housekeeper or purchase frozen foods, you have to spend money. But you’re not just paying for the service or products. You gain time that can be saved for other things or for communicating with your loved ones. It’s worth paying the money then.

3. Will your health improve?

Sometimes spending money helps to improve the physical condition in the long run. If you buy more expensive products of better quality, you will remain healthy longer. Buying a good pair of running shoes or sports equipment is also an investment in health. Investing in yourself always makes sense. Of course, if the purchases really help to be healthy.

4. Will the quality of your life change for the better?

Consider if you are going to be happier after paying money. Will the quality of life be better? If you often cook on the grill and relax outside the city, buy a good oven and build a country house. Someone likes the comfort of their home, while others prefer to travel. Decide what is more important to you and think about how to make your life better.

Living well or living even better?

The key point for decision-making is that the costs should help. Do you know the exact answer to the question what your purchase will give you? Will you have more time? Will you get closer to the goal? Be honest. If you do not get more than you spend (or if you waste money for nothing), you should not spend your money.

Before you reach out for the purse, calculate how the purchase will change your life. And think about how to spend that money on a really profitable purchase.