Can I Afford This? Purchase Checklist
A simple checklist to guide your major purchasing decisions.
Get the Purchase Checklist
Use this checklist to think through the financial implications of a large purchase before you commit.
What's in the Checklist
- A financial health check section.
- A need vs. want analysis.
- Prompts to consider the opportunity cost.
- A section on research and due diligence.
- A final decision-making framework.
Key Features
Reduces Impulsive Spending
Forces you to pause and think logically, not emotionally.
Holistic Framework
Covers the financial, practical, and emotional aspects of a purchase.
Promotes Financial Goals
Helps you align your spending with your long-term goals.
How to Use This Checklist
- Copy the checklist into a notes app or print it out.
- Work through each section honestly.
- If you can tick most of the boxes, it's likely a well-considered purchase.
- If not, it might be wise to wait.
Expert Insights
The difference between being good with money and being bad with money often comes down to a few key decisions a year. This checklist is designed to help you nail those big decisions. By creating a system for major purchases, you can avoid costly mistakes and stay on track with your financial goals.