Below is a guest post from "Get Rich Slowly". I just love plain ol common sense.
Who doesn’t love a good sale? But when bargain-hunting, coupon clipping, or mastering the deal becomes the objective, you and your budget are likely headed for big trouble. I can’t tell you the number of people who have said, “But it was such a deal!” Really? You spent the money you need to have available to pay off your credit card balance in full — but it was a deal? Hmmm.
If you’re spending money you don’t have — if you’re putting it on credit and not paying it off in full by the end of the month — it’s not a deal.
If you’re buying something you don’t need, it’s not a deal.
If it takes you three weeks, three months, or never to put what you bought to use, it’s not a deal.