Think About These Before Buying Luxury Goods

Lavanya Podcast
2 min readNov 24, 2022
Photo by Melanie Pongratz on Unsplash

The desire to buy luxury goods often comes when we already have income. This is usually seen as a gift for ourselves after we go through all the hard work. But what luxury items are worth buying? Of course this requires definite financial calculations, taking into account the income and savings we have. Do not let us even buy things that are beyond our means and we don’t really need them ourselves.

Here are things we can do and ask ourselves before actually buying luxury goods.

1. Do I really need it?

When it comes to desires, of course, as humans, we definitely want a lot of things, from buying things to going somewhere just to get an experience. However, if we sort out all of our wish lists, of course not all of them need to be realized. This is where we talk about needs. Before we spend our money on something that is quite expensive, make sure that we really need it or not. Do not let it end as a consumer behaviour.

2. How long this item last?

An item certainly has a usage period. This can also be a consideration of whether this item is worth to buy or not, especially if the price is fairly expensive. If we compare it with cheaper goods, of course this will require more consideration. Sometimes items that are more expensive have a shorter usage period than items that are more expensive. This is when we talk that the price is worth the quality.

3. Do I have to buy it today?

Needs cannot always be interpreted as having to get them right now. We may really need it, but for the future or there is a more appropriate time for us to buy. You can give a time lag when you think about buying luxury items. It could be 3 days, a week, or a month. If until a certain time you still feel the need to buy it, then go for it.

4. Is there any better option than buying this item?

If an item we want is too expensive, it is important for us to consider other alternative solutions. There could be more valuable items with the same use.

5. Do I really have money to buy it?

Another thing that is certainly no less important is the money. Luxury goods, of course, are associated with money. Make sure we have enough money to buy it by not forgetting to consider the remaining money we have after spending it.

-Northern Ingo-

--

--

Lavanya Podcast

Started from a podcast and expanding to written sharing platform. Always believe in people power and our slogan “Love, Respect, Believe”.