Three Question Test

A big spend will be different for everyone, so set a $ figure or a % of your weekly income that works for you and your family.

Question 1: Do I need it?

Will this product meet my needs?

If yes: List the product's essential features.

If no: Wait! Look for another opportunity later on.

Question 2: Is it the right time?

Consider job security, health issues, etc.

If yes: What's my safety net in case things go wrong? e.g. product warranty or insurance.

If no: Wait! Look for another opportunity later on.

Question 3: Can I afford it?

Do I know how I'll pay for it?

If yes: Set a limit (and don't be tempted by in-store finance or using your credit card)

If no: Stop! Look for another opportunity later on.