I have an idea for next year which would require me to do some more exploring in some places. With that in mind it seems like it would be a good idea to get some gear specifically for this such as certain shoes or lighting gear. As I am going through this though in many ways it’s almost like buying a house where you have absolutely no furniture at the moment. Therefore, you pare pretty much going on a spending spree.
Normally I don’t spend too much time on budgets in general when it comes to buying things I need as my constant habit of being frugal and all gives me that financial nest that I can constantly go to without worrying too much. As I was thinking though, interestingly enough my way of “budgeting” in these cases is just doing a ton of research about the products in general. Whenever I get new items like these I expect them to last for the most part while buying things that would give me the best value for my money.
One thing I was researching was crampons as example and this isn’t exactly a topic that I have a great amount of knowledge on. Therefore, the more I study about it the better deals I am finding too. As well, it constantly makes me think if investing in the more expensive options would actually save me time and stress which in terms means saving money too. Sometimes spending more just makes more sense to get something that will make your life way easier.
In that sense I think for myself researching and being knowledgeable about your purchases is just as important as just focusing on the dollar amounts. Like saying if a $20 pair of show will last a year and that $30 one will last two years then if you didn’t have the extra ten dollars it may make more sense to save for the better one than settling for the sake of a budget per se. I usually find the knowledge you learn too can go a long way should you decide use your newly found knowledge to help you in your business as well. The more industries you understand the better I feel.