On Trent's list was electronics and he had this to say
Electronics Does that piece of electronic equipment that you have your eye on do something distinctly different from the equipment you already have? Does it really provide you with anything new? If it doesn’t, it’s an unnecessary expense.From the time I read this I thought about how I want an ipad. Then I compared it to my laptop(which I am using right now).
What can an ipad do that is distinctly different from what my fairly new laptop is doing now?
Besides being more portable it doesn't do anything that I can think of that my laptop can't do and not only would my laptop be able to do it but it would most likely outshine the ipad.
I wasn't planning on getting an ipad anytime soon to be honest(not with a cost of about $1500), I was just hoping that I could get one with wishful planning. If I did have the spare money I can honestly say that I would have bought one without much thought.
Reading Trent's post brought with it the realization that I don't want one. I did want one before and I did put a little thought into justifying it but now when I sit down and really put it into perspective, I don't. When I think about it, I would use it, but never enough to justify the cost.
It's a good thing I don't have a chunk of spare money or I would just waste a lot of it. I thought I was pass the impulse buying already but I guess it was only limited because I don't have the money to spend. I also don't want to go into debt for stuff like that either. I still have quite a bit of growing to do, especially as my assets increase or I will be making lots of slip ups.
Here is a the complete list of twenty items at a glance.
- ATM fees
- Lottery tickets
- Gourmet coffee
- Infomercial impulse buys
- Brand-name groceries
- Eating out
- Unused gym membership
- Daily internet deals
- Bundled cable or phone services
- Credit card(and other debt) interest
- New name-brand clothing
- Bottled water
- Entertainment programming
- New cars
- Association memberships
- Excessively large homes
- Processed foods
- Convenience store shops
Trent had this to say about the list and I think he is absolutely right
almost everyone will look at an item or two on this list and think that specific item is not a money waster. You’ll see something that you yourself do and immediately think of it as a good use of money.Here’s the truth. That list is a personal challenge to you, particularly the items you have a reaction to. If you strongly feel that something on this list isn’t a waste of money, then you’ve found a particular item that’s worth some careful consideration in your own life. The time you spend considering that item is almost always well worth it.
That being said. Some of these items bring people true joy, for example cable televisoin. If you can recognize an item that brings you true joy then their is no reason to cut it out from your life. What you can do is look for ways to decrease the cost of it.
Just take some time and really study the list, you may be surprised at the realization you come to, the links at the top go into detail a bit further for each item. Use that to help channel your thoughts.