Don’t buy things you can’t afford to buy again 3 - 5x

My phone is bad, has battery problem, I need to change it. I need to change the phone not the battery because I have changed the battery three times. Apparently when you change your phone battery never expect to ever replace it with an original because they will never be an original in the market. If I have to change my phone I would like to change it to a brand new one because I love using brand new gadgets, they are more durable to use. But unfortunately brand new phones are still expensive because I use an iPhone and it’s almost impossible to find brand new iPhone 11 and 12 so I have to consider buying iPhone 13 to 15 because they are newer and their brand news are still possible to find in the market. But I can’t afford it right now.

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When I say I can’t afford it, doesn’t mean I don’t have $650 to get it, it means I don’t have 5X $650. If I buy it, and something happens to the phone, what do I do? Buy another new one? Or downgrade and buy a cheaper one? So indirectly that is a $650 loss but our brain won’t process it that way, our brain won’t process that we have lost $650 but rather we lost an expensive phone. Either way it’s still going to hurt you badly, you sometimes start wishing you didn’t buy a new phone, if you had not bought a new phone, may be you old would have gotten stolen instead or gone bad. But all these regretful feelings just shows that we made a bad financial decision buying what we can not afford.

But in a case where we bought something we can afford or something we can buy 5X if it gets spoilt, we don’t bother or regret it when anything bad happens to them. We just remember we can buy them again and we feel better instantly. This is something we should always consider when we want to make that big purchase. Buying something you cannot afford can make you feel nice for a while, after sometime you don’t get excited about it again. Then it starts feeling like a huge bad financial decision.

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