Sunday, March 27, 2005

No Strings Attached

Running into costly decisions for necessary items for investment that we aren't sure of stalks most of us frequently. Do we spend the cash we haven't calculated into our expenses on skis for a weekend trip or a new classy suit for a business dinner? Gerri Willis, financial editor for CNN
Business News says no.
Instead of diving in and taking on a financial burden, we should first attempt to borrow or rent the item in question. This will give way to experience and a smarter investment if the decision to purchase is made.
There are five tips we can all follow when making some common investments beginning with trying out a vacation home before committing to one. Try to rent a getaway house in the community of interest. This will give you a chance to become familiar with the surroundings and help you decide if this is really where you'd like to vacation.
When purchasing pricey sports gear, try arrive to retailers' of club owners' businesses on "demo days". By actually using the gear, you'll have a better knowledge of the small investment.
Thinking about a new pet? Try fostering a pet from a shelter or ask about taking a pet home for the weekend. What better way to examine how a pet will affect your lifestyle.
Need "bling" for a night on the red carpet? Try acquiring a little sparkle celebrity style. Develop a personal relationship with your local jeweler and maybe you'll be able to persuade a bit of platinum onto your arm for the evening. Check out insurance (jeweler will probably require it) with State Farm Insurance.
Do not buy the expensive home improvement tool. Do not buy the latest brand name fashion handbag. Rent them! Most tools are used a small handful of times; rent them from your local hardware store. Instead of investing a small fortune in a handbag, rent it over the Internet for a monthly fee (www.BagBorrowOrSteal.com).

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