Types of Purchases

Seven Categories of Spending

Required Purchases

items you need to maintain life or to prevent physical injury

Investment Purchases

investments that help to prepare you for the future

Pleasure Purchases

goods or services purchased to bring fun, excitement, happiness, and intellectual stimulation into your life

Convenience Purchases

things and services you pay for to make life easier or to save you time and hassle

Ego Purchases

evil spin-off of pleasure purchase, ego purchases are made solely for the sake of showing off; status symbols

Traditional Purchases

purchases made without rational thought simply to be "normal", make it so you "fit in"

Guilt Purchases

similar to traditional purchases but the motive behind it is guilt. gifts are given in order to meet others expectations