Money & Wealth5/8#25 / 57
Wanting it and needing it
Foundation Regret·All ages
At thirty-four he bought a laptop, shoes, and a camera in the same month — all "on sale." The math began with the statement: forty-seven hundred a month for eighteen months. What he had bought was not three objects but eighteen months of pressure. This is the core of what Pink calls foundation regret: we overspend and undersave, and when those decisions leave the future short of our hopes, regret follows.
Foundation regrets… We overspend and undersave. We adopt unhealthy habits. When such decisions cause our futures not to live up to our hopes, regret follows… If only I'd done the work.
— Daniel Pink, The Power of Regret
TODAY’S PRACTICE
Empty everything from the cart that's there only because it's on sale.
#Overspending#SaleTrap#CheckInstallments
SOURCE
Daniel Pink, The Power of Regret — four regret types
Read the original