The Stranger Test – sounds creepier than it is!
When purchasing, a lot of people will only consider if they can afford it – not if they should actually buy it. Here’s how the test works:
- When your in the throws of wondering if you should purchase, you have to imagine there is a stranger standing in front of you. In one hand they have the item you’re looking at and in the other they have it’s value in cash.
- Ask yourself which hand you would pick given the choice.
- If you would rather have the cash for something else then don’t buy the item. Just because you can afford something, doesn’t mean you should buy it today.
For example, if a stranger were to come up and offer you £3 to not buy that cup of coffee you might reply “Thanks, but I’d really like this cup of coffee.” But if your response over a bigger purchase like a new HDTV set or a computer would be “Hmmm £800 would be a pretty nice credit card payment…” it’s probably best to put your funds to use fixing more immediate problems.