Waiting is the best part: how anticipation can save you money(Read article summary)
Instead of buying something right when you want it, Hamm suggests delaying your gratification. The result is more money in your pocket and a greater appreciation of the products you have.
Several years ago, if I wanted something, I usually just went out and bought it. If I wanted to go on a trip, I just went on that trip.
As long as I had the money in hand (or the credit on my credit card), whatever it was that I wanted quickly became mine, in short order.
Today, I still buy things that I want to buy, and I still travel if I want to travel. The difference is thatÂ I donâ€™t do it immediately.
There are a lot of reasons for this change, but the biggest is thatÂ anticipation is often the best part.Â
Several years ago, when Iâ€™d buy something, Iâ€™d immediately have the item to enjoy. Iâ€™d read it or play it or eat it â€“ and then, before long, it would be over. The meal would be consumed. The book would be finished. The video game would be beaten. The new gadget would be an ordinary part of my life. The trip would be over.
And then there would be something new to desire.
Today, Iâ€™ll decide to buy something, but Iâ€™ll do it under the assumption that I wonâ€™t buy it for a while.
Iâ€™ll wait until Friday to go out for lunch with some of the other writers I know.
Iâ€™ll wait until Iâ€™m finished with the two books on my bookshelf before buying that new one.
Iâ€™ll wait until November to go visit my family in Texas.
Iâ€™ll wait until the day before our New Years party to pick up that board game that would be perfect for the gang to play.
A few things happen because of that wait.
First,Â the anticipation is simply enjoyable.Â It gives me many things to look forward to in the future and it makes the oncoming months seem very promising and exciting.
Second,Â the anticipation also holds my focus.Â When I consider spending my money on something else, itâ€™s easy to remind myself of the things Iâ€™m going to have in the near future. Why splurge on a book when I have those on the bookshelfÂ andÂ Iâ€™ve already given myself permission to pick up another one when those are finished? I can just eat leftovers today because Iâ€™ll enjoy lunch out with the other writers in a few days.
Because of that,Â I spend less money.Â Without that anticipation, it would be much easier for me to just drop my money on something without thinking about it too much. The anticipation increases my mindfulness.
Enjoy the anticipation. It pays off in the long run.