I was a little skeptical at first about today’s guest post at Get Rich Slowly (How A Haircut Led to a Handy Acronym), but it ended up being really good.
At the core of it is an acronym (WEALTH), which offers a series of questions to ask before making a purchase:
Obviously, it’s not saying that “just because something’s a want, you shouldn’t buy it,” or “just because there are add-ons that you might need to buy down the road, you shouldn’t buy it.” It’s simply saying that as you consider purchases, these are factors you should consider. It’s a good list.
You can read the whole thing here: How A Haircut Led to a Handy Acronym.