Comments on: Don’t Let Your Emotions Cloud Your Good Judgement. Set Goals And Delay Gratification.

By: 107 Things That Make Good Financial Cents | Good Financial Cents -Jeff Rose Certified Financial Planner and Investment Advisor, Carbondale, Illinois

Mon, 15 Jun 2009 09:36:45 +0000

[...] Use Good Judgement When Making Purchases. Sometimes you feel the urge to buy something expensive, but often it makes more frugal sense to set goals and delay gratification. [...]

By: Corporate Barbarian: The Pool is Open Edition | The Corporate Barbarian Blog

Wed, 03 Jun 2009 17:12:15 +0000

[...] at Bible Money Matters doesn’t want us to let our emotions to cloud our judgment. You can get yourself in quite a predicament by letting feelings get in the [...]

By: SimplyForties

SimplyForties — Sun, 31 May 2009 20:41:34 +0000

It can be lots of fun to dream but it sure is good to come back to Earth before making that big purchase! My fridge went out recently and I was sure dreaming about replacing all my applicances at the same time. Thank goodness I came to my senses before making that huge purchase! SimplyFortiess last blog post..Crispy Catfish Curry

By: Friday Linkfest: Still Without Hot Water Edition | beingfrugal.net

Friday Linkfest: Still Without Hot Water Edition | beingfrugal.net — Fri, 29 May 2009 11:01:33 +0000

[...] Don’t Let Your Emotions Cloud Your Good Judgment. Set Goals and Delay Gratification – Bible Money Matters [...]

By: Jason

Jason — Tue, 26 May 2009 20:02:16 +0000

I think Larry Burkett once said something like “For everything that costs $5 or more, I want you to wait until the next day before buying it. For everything that costs $20 or more, I want you to wait a week before buying it. Do this, and I think you won’t buy anything.” His point was, wait a duration of time roughly in proportion with the cost of the item to think it over and wait for any sporadic, unsustained emotions to calm down to what they will more likely be in the long run before buying something.

By: Corporate Barbarian

Corporate Barbarian — Tue, 26 May 2009 19:41:39 +0000

My wife and I saw a house for sale last year that was everything we ever wanted in a home. We were gung ho about making an offer, but decided to go home and crunch the numbers. After calculating what our mortgage payment would be, we came to our senses, and decided to pass. I highly recommend using the cooling-off period before you get yourself into a financial predicament. Corporate Barbarians last blog post..Barbaric Links: Summer’s Here Edition

By: My Journey

My Journey — Tue, 26 May 2009 19:13:54 +0000

I delay smaller items and put a few bucks away a week for it. My fav one is my vacation fund that gets 20 bucks a week from the wife and myself. Now our trip to Newport RI for our 1 year anniversary was paid for in cash, with extra spending money – nothing coming out of our main checking accounts and more importantly NOTHING on credit card.

As far as bigger items like this cabin, why not do some math on purchasing one, it may end up being worth it. How many times have you heard the older generation (I think we are the same age) say, I wish I had bought this X years ago?

By: Jeff@MySuperChargedLife

Jeff@MySuperChargedLife — Tue, 26 May 2009 18:47:42 +0000

Boy, I've definitely caught cabin-buying-fever before! I commend your self-control. It is easy to get caught up in such thinking. I agree that it is good to have goals, but we don't have to attain everything right now. Let your goals propel you on and intensify your efforts to pay for what you already own. That cabin will be even sweeter and more enjoyable if you pay cash for it! Jeff@MySuperChargedLifes last blog post..50 Bad Money Habits That Will Leave You Eating ALPO For Dinner

By: Angie

Angie — Tue, 26 May 2009 14:38:37 +0000

Peter, you are the voice of reason. Sounds like a lovely time you had this weekend. Angies last blog post..Here Comes the Sun