Why we buy What we buy
We have a friend who could not resist buying bigger sizes clothes for her children during the seasonal sales though it will take 2-3 years for them to catch up. The prices and deals are too irresistible for her. Impulsive buyers do not limit themselves to the cash at hand but can access future income to spend today. Unfortunately most of it is spent buying stuff that were neither planned nor necessary. While some people love to brag about their ability to clinch a deal that no one could, other love to peel off the price tags to reveal the original price to make them feel good. This picture was taken at home. Deep inside, we are impulsive buyers like the child who cries for a toy in the display window. But is impulsive buying a problem? The answer is yes even if one has infinite budget or unlimited space. This disrupts the budget and leave us with little money along with stuff that we never needed. This prevents the creation of good and lasting financial habits th...