The Latest Tech: Want Or Need?

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We humans have a terrific ability to convince ourselves that we need something when we actually just want it.

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For the most part, there’s nothing wrong with that. We work hard, and that means we should be entitled to play hard too. If you’ve spent hours behind an office desk, maximising what you’re making, then you have every right to spend it on whatever frivolous purchase has caught your eye…

… until doing so becomes a problem.

If you’re a tech obsessive, then there is always something new and shiny that’s calling out to you. A new smartphone release; a new and exciting way of watching TV… it’s an endless production line of stuff that your mind can convince you is 100% necessary. To an extent, that’s the fun of it – the innovations, the fact that nothing stands still.

If you can afford all the things that you want, then more power to you – it’s your money, right? Wanting the newest and latest only becomes problematic when you find yourself having to track down a bad credit loan company just to pay your monthly expenses, or find that your credit card limit is getting closer and closer with every new splurge.

So the next time the newest, most exciting must-have purchase hits the shelves, there are a few tricks you can use to quell the consumerist need. If you can answer “no” to all three of these questions, then there’s a good chance that your want is at least being slightly propelled by your need – so it’s safe to go ahead and treat yourself.

Question 1: “Do I Have Anything That Does What It Does?”

So you want the newest smartphone – okay, well, the specs look good, but is it really something new and exciting? Or have you just been caught up in all the marketing literature and become convinced that it is? If you can’t find one original feature that makes a new item stand out from the crowd, then there’s a good chance it’s not a necessary purchase at this time. Everything new should at least be able to expand your capability to do things; if that’s not the case, then it’s worth a second thought.

Question 2: “Does My Existing [Item] Work?”

This one is especially useful for items like TVs, smartphones, computers – items we might be tempted to replace before their time, usually due to tech innovations we want to take advantage of. If your existing item is still able to fulfill its primary function in life, then there’s no need to upgrade immediately. Bear in mind that the price of a new idea is always highest closest to launch, so even waiting just a few months could decrease what you have to spend considerably.

Question 3: “Is Something Bigger Coming Along Soon?”

There’s no point in rinsing your credit card if there’s something even more exciting due to launch only a few months down the line. You’d be better off saving that urge to splurge, so when you do finally indulge, you’re sure it’s on something that you really want!