It’s that time of year where the holiday music is playing non stop and ads for Black Friday are popping up. In Canada since we have Thanksgiving in early October the unofficial start of the holiday season is right after Halloween; basically 2 months long. In the United States it’s only about 5 weeks long starting on the day after the American Thanksgiving, Black Friday. Here are some tips for your holiday shopping.
Living With Financial Regret
Regret can be a funny thing. The difference between regretting an action and being happy about it is related solely to the result. We make decisions with the information we have at the time; regret pops in when that information changes or we find out it is wrong. Financial regret is no different. When I spend money on something it isn’t a mistake. It may be an impulse buy where not much thought went into it. This is almost never done by accident. It is easy to look back on decisions and think about what you could or should have done.
What you don’t know is what would have happened had your decision been different. Would things be better, would things be worse? Would you ever get the opportunity to make what ended up being a great decision had you not made a bad one previously? I’m talking about alternate timelines which is a topic that is filled with paradoxes and endless loops.
Fuel Economy and How/Why to Figure it Out
A while back Sarah wrote a post about buying a “new to us” car. When buying a car there are so many things to consider – so many features to balance. How much the car has been driven, if there have been any accidents or liens put on the car, signs of rust or other factors about condition. You need to factor in style – SUV, sedan, truck, coupe, crossover. Then there are design features like sunroof, backup cameras, paint colour and navigation consoles. One stat that people always look at, even if they don’t understand it, is the fuel economy. This is a very important factor in the ongoing cost of the vehicle. I doubt I’m alone in not giving it fair play in terms of the financial decisions involved with a car purchase.