I like to think that I don’t make financial mistakes, but the truth is that I most definitely do. Last week I guest posted on My Next Buck about a big mistake I made when buying a tv and the lesson I learned about paying for value.
This weekend, I made another mistake. The lamp in my room burnt out on Thursday night right before I went to bed and I panicked about what to do. It was a type J Halogen bulb, which are those little skinny bulbs that I’ve never seen in a store, so I quickly went online and ordered a $7 bulb on ebay. I was hoping to get it by Monday and not be without light for too long.
On Friday afternoon, I was in CVS, armed with a $4 off $20 coupon when I saw the lightbulb I needed for $7. I already had $14 in items, so it was an easy choice. I picked up the bulb and went home. I really wanted my light fixed. (It’s so dark in there and I hate it.) I got home, went to get a screwdriver from the drawer, and guess what I found? A type j Halogen light bulb.
Frustrated, I installed the new bulb (it’s very bright and awesome), returned the one I had just bought at CVS, and tried to cancel my ebay order. It was too late and on Saturday my bulb came.
I made two mistakes here: the first one was ordering immediately without doing research. I wanted it as fast as possible, so my solution was to have it shipped? What was I thinking??
My second mistake was being impatient and going on Friday to get a new bulb when I knew one would be coming by Monday. In reality, I was willing to pay $7 for light for an extra night. If I made choice like that every night, I’d be broke.
What if I Always Made Rushed Decisions?
This adventure only cost me about $7, but that money could have gone toward a million different things, and instead it went down the drain. I hope to learn from my mistakes and improve because when buying a house, a rushed judgment like this could cost me a whole lot more.