Six Questions to Ask Before Spending Money

These six questions are from the book “How to Survive Without a Salary” by Charles Long. The questions are part of the process of examining your needs before spending money.

1. What’s the problem?
2. Who needs it?
3. What would change the need?
4. How long will it last?
5. What are the alternatives?
6. What are the costs?

The questions are mostly self-explanatory but I’ll have another post Monday going into more depth about what the questions entail.