Delayed gratification in finances is a skill I didn’t learn until I was older, and I wish someone would have helped me learn this much, much sooner. In today’s environment, there seems to be a push to “buy now, pay later”, and for many, that means ending up with debt that keeps them trapped in a rat race. Even in business there needs to be careful decision-making when it comes to expenses – do we really need to spend now, or can we delay? I’ve discovered that life is much freer when I’m not buying things (that I may not even need) on credit. Saving for a purchase helps me learn and know whether the purchase is really something important, or not. How are you delaying gratification today?
