.JPG) I
recently read an article on Yahoo that stated now was the time to buy the
bigger ticket items they mention such as furniture and diamonds. This
article is interesting to me because this is what we talk about on this
site regularly. The article goes on to say that due to the economy you
will find good deals on some things that used to cost much more not long
ago.
One of the first things we always ask on this site is if your purchase is
an asset or a liability. Will the purchase of this item save us money
somewhere else or produce more money for us? Ideally you are going to buy
something that saves money or provides an income while serving the purpose
of satisfying your need. Let’s face it though, in reality everything we
buy is not going to be an asset. Unless you are MacGyver I don’t think a
pack of gum is an asset. The items the article lists can be
expensive and
for me they are not assets, but I may want to buy diamonds for Valentines
Day and a new
recliner for Super Bowl Sunday.
However, even though it is a
liability, I am not going to go without a
television. According to the article now is a good time to buy a new
television (my note – if you actually need a new TV). If your old TV is
dying and a new one is going to be needed now is the best time. If you
have been preparing for this television buying opportunity through
appropriate budgeting you are going to be in a position to get the best
deal possible on a TV. It is important to understand why. Since you have
budgeted resources to be set aside in advance you can buy a TV on your
time. That time is now.
 Again the point is that opportunities like this do happen! It is rare that
you will know in advance what the opportunity will be or when it will
occur but you can bet that they do come your way. Too many people don’t
prepare properly for opportunities and then are not prepared to take
advantage of them when the opportunity presents itself. Of course as we
have talked about how the same can be said about
emergencies. They will
come your way and you must be prepared to deal with them.
Like so many others I have taken a big hit in my 401k retirement savings
because of the bad economy. However, I have come across many bargains in
the last year because of the bad economy that have allowed me to save lots
of money. Of course, I wouldn’t have been able to take advantage of those
opportunities if I had been setting aside money for sunny days (money
saving opportunities) and rainy days (financial emergencies). Look at your
budget today. Is there sunny and rainy money in there?
http://shopping.yahoo.com/articles/yshoppingarticles/218/6-things-to-buy-before-the-economy-improves/
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