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Speaker 1: Welcome to Before Breakfast, a production of I Heart Radio.

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Speaker 1: Good Morning, This is Laura. Welcome to the Before Breakfast podcast.

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Speaker 1: Today's tip is to figure out whether you over buy

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Speaker 1: or underby, and then compensate accordingly. Some people tend to

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Speaker 1: buy more than they need, more food than they need

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Speaker 1: at the grocery store, more house than they need for

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Speaker 1: their family size, more dressy clothes than they need for

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Speaker 1: their social calendar. Then there are people who underbuy and

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Speaker 1: end up wearing holes in their socks, waiting for a

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Speaker 1: slow computer without adequate memory for the software they use,

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Speaker 1: or carrying a workbag that makes clients mistake you for

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Speaker 1: the intern. Now, I consume a lot of personal finance literature,

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Speaker 1: and I know that there is a certain glorification to underbuying.

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Speaker 1: But just as overbuying isn't smart, underbuying can be problematic too.

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Speaker 1: Contact lens solution, for instance, is cheaper to buy in

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Speaker 1: bulk than buying one small bottle at a time. If

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Speaker 1: you run out of groceries, you have to go back

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Speaker 1: to the store, which can waste time and gas. So

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Speaker 1: rather than view one or the other as the right way,

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Speaker 1: I think it's better to simply recognize which camp you

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Speaker 1: fall into. If you recognize where you fall on the spectrum,

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Speaker 1: you will be able to compensate and make right sized purchases. So,

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Speaker 1: for instance, if you know you tend to underbuy, always

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Speaker 1: buy a little more than you think you need. Order

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Speaker 1: a few more holiday cards, buy a few more groceries,

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Speaker 1: add one more item to your restaurant delivery, order by

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Speaker 1: an extra pair of socks. For bigger purchases, pause and

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Speaker 1: reflect on your needs and desires, and don't assume that

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Speaker 1: the cheapest model is automatically the right one. Think through

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Speaker 1: what your experience of each option would be over the

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Speaker 1: long term before you decide what's best. You could also

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Speaker 1: try to enlist a thought partner. Ask a trusted friend

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Speaker 1: whether she thinks the couch you've chosen is the one

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Speaker 1: you'll love for the long term, or whether you are

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Speaker 1: just blinded by the attractive price. Now, I'm not recommending

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Speaker 1: ignoring a budget. You just want to make sure that

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Speaker 1: you are really thinking about your needs and your day

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Speaker 1: to day life within the guardrails of your budget. When

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Speaker 1: all your underwear has holes in it, well, it is

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Speaker 1: not a terrible thing to spend some money on new pairs. Really, Now,

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Speaker 1: on the other hand, if you typically over by, which

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Speaker 1: is probably the more common curse, recognize that and compensate

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Speaker 1: in the other direction. You may not need a dining

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Speaker 1: room table that seats twelve, since you only host that

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Speaker 1: many people once a year at most, and when you do,

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Speaker 1: the conversation flows better at two tables of six. Your

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Speaker 1: kids may not need snowsuits if you live in Florida.

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Speaker 1: If you're a family of five with three little kids,

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Speaker 1: you will probably be just fine ordering the blue Apron

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Speaker 1: box for four. If you do have a family of four,

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Speaker 1: you probably don't need the big suv with the third

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Speaker 1: row of seats for that one time you might need

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Speaker 1: to carpool friends. When that happens, you will figure something out.

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Speaker 1: So think about yourself and what category you fall into.

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Speaker 1: If you are always running out of stuff, you are

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Speaker 1: probably an underbuyer. If you are having to throw things away,

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Speaker 1: or you're always feeling like you need to clean out

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Speaker 1: your closet, well you might be an overbuyer. See how

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Speaker 1: this identity sits, and then the next time you go

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Speaker 1: to make a purchase, consider how you can compensate if

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Speaker 1: you underbuy by a little more, if you over by

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Speaker 1: by a little less, you'll be more likely to hit

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Speaker 1: the just right amount. In the meantime, this is Laura.

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Speaker 1: Thanks for listening, and here's to making the most of

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Speaker 1: our time. Hey, everybody, I'd love to hear from you.

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Speaker 1: You can send me your tips, your questions, or anything else.

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Speaker 1: Just connect with me on Twitter, Facebook and Instagram at

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Speaker 1: Before Breakfast pod. That's b E the number four than

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Speaker 1: breakfast p o D. You can also shoot me an

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Speaker 1: email at Before Breakfast podcast at i heeart media dot

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Speaker 1: com that Before Breakfast is spelled out with all the letters.

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Speaker 1: Thanks so much, I look forward to staying in touch.

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Speaker 1: Before Breakfast is a production of I Heart Radio. For

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Speaker 1: more podcasts from my heart Radio, visit the I heart

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