If you’ve visited any iteration of TFD before now, you’ve definitely caught onto our Golden Rule of personal finance: that it’s entirely personal. No one thing is going to be “worth the money” for every single person — we all have different tastes, preferences, and priorities. As long as you’re taking care of yourself (i.e. paying your bills, paying down debt, saving for emergencies, investing in your retirement, etc.), whatever you do with the rest of your money is totally up to you.
That being said, we all have a different threshold for what amount qualifies as “expensive.” And expensive purchases, no matter what they are, should be approached with a lot more care than, say, what kind of fancy coffee you’re going to buy on your Saturday morning. For the sake of simplicity, in our most recent video, we decided to share the questions you should ask before you spend $100 — a solid, round number that, for many of us, is the point where purchases start to feel “expensive.” One question you should always ask? Whether you’re going to be happy having spent that amount on whatever it is you want now, or whether you’ll be happier in the long run if you invest it. Head over to the TFD YouTube channel as Chelsea tells us the rest of the questions you should always ask before making an expensive purchase!
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