Have A System To Priortise Your Purchases

Making a Purchase Decision?

Having your own rating system will help make decision making clearer for you.

Get ready to rate your purchases from 1 to 5 and discover a new perspective on spending!

 

1. Survival Mode: (Rating 1)

The bare essentials to survive: food, water, shelter, and transportation. Without them, life as we know it would be impossible.

2. Need for Improvement: (Rating 2)

This is the need to invest in things that can enhance our lives, make us more efficient, or boost our capabilities.

This kind of purchase helps us do things better, faster, or more efficiently.

3. Wants: (Rating 3)

Ah, the desires that make life a little more enjoyable!

While they're not necessary for our survival or work, they can bring us joy and happiness.

This could be a maybe, so consider them carefully.

4. I don’t need this: (Rating 4)

This category is for those purchases that we can live without, at least for now. They don't make us better, more efficient, or faster. They're simply not a priority.

5. Stupid purchases: (Rating 5)

Have you ever made an impulsive purchase just because you experienced a big win or had a windfall?

Just because you can afford something doesn't mean it's a smart decision to do now.

 

The top 2 non-negotiable purchases are 1 and 2.

Furthermore consider if these purchases could be written off as business expenses.

If you are an employee, you may be able to salary sacrifice for work-related tools, reducing your taxable income too.

 

Check out Yakka Gear’s largest offering and best prices: www.yakkagear.com.au


Yakka Gear     Contact us     ABN 14 592 651 794




Disclaimer: Yakka Gear does not offer legal advice. Always consult with a tax professional to understand the specifics of tax deductions applicable to your situation. This is the opinion of Yakka Gear, and hopes it will be helpful to shoppers make better informed decisions.

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