Oct
The Fourteen Pound Rule
You have probably made an unintended purchase at a store, only to regret it later. This happens a lot with “impulse” buys. All the little gee-gaws. trinkets and gadgets placed by the cash register are done so to intentionally encourage impulse buying. Impulse or not, the purchase might be something of which you were unsure in the first place.
There is a way to cut down on buyer’s remorse. We call it The Fourteen Pound Rule. In effect, if it does not hit you with all the impact of a fourteen pound maul on the bridge of your nose, don’t buy it. You don’t need it. On the other hand, if it has the impact, then you are probably making a good purchase. You are more likely to be satisfied with something you really want rather than something you think you want.
Try the Fourteen Pound Rule yourself. It can cut down on impulse buys. It can help you spend less. The Fourteen Pound Rule can ensure that you make better purchases.
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When I belonged to a model train club, there was a fellow who bought whatever struck his fancy. He liked getting new things, but lost interest in half of them The man would then sell them to other members at rock bottom prices. He ended up wasting money. I think of the time he sold a slightly-used $300 set of boxcars for $50.
Buy the thinks you know you want to keep. Having it may be fun, but it is no bargain if you find that you do not want to keep it. Better a few things worth having than many things that bring no satisfaction at all.
