Thread: Decision Making
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Old 04-23-2004, 05:53 PM   #4
hot_pastrami
I am meaty
 
Join Date: Dec 2001
Location: Salt Lake City, UT
Posts: 1,119
I have a pretty basic decision-making process when it comes to money... when a potential spending is expensive (which is, of course, a relative term), if there is any doubt present in my mind, I force myself to walk away from it. After a time passes and the decision has marinaded a little, I ususally figure out the best course of action, and sometimes I go back and make the purchase. Many times I've been relieved that I didn't purchase impulsively, though.

Your milage may vary, but it's a pretty effective regret-avoidance measure for me.

What is the scale of this mistake? Are they considering buying a brand-new car despite being in financial distress? A new house? Something else entirely?
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