US banking firm Piper Jaffray announced this week that according to a survey they conducted, teens are going to be spending about 2% more on clothes in the coming year. Sounds great, right? Well, financial experts advise that you ask yourself the question: Do I really need that new hoodie/pair of baggies/mini-skirt, or do I just want it? Who cares, you might think, but it’s a good habit to get into to save yourself unnecessary disappointment and frustration. Here’s the thing… if you’re buying something just because you’re at the mall with your friends and want to buy something, the next time you really need something – like a new pair of jeans after your old ones got totally ripped at the skate park – you might not have the cash to buy anything. Think before you buy – it’s something to think about.
Monday, October 26, 2009
But do you really need it?
US banking firm Piper Jaffray announced this week that according to a survey they conducted, teens are going to be spending about 2% more on clothes in the coming year. Sounds great, right? Well, financial experts advise that you ask yourself the question: Do I really need that new hoodie/pair of baggies/mini-skirt, or do I just want it? Who cares, you might think, but it’s a good habit to get into to save yourself unnecessary disappointment and frustration. Here’s the thing… if you’re buying something just because you’re at the mall with your friends and want to buy something, the next time you really need something – like a new pair of jeans after your old ones got totally ripped at the skate park – you might not have the cash to buy anything. Think before you buy – it’s something to think about.
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