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
name-brand fashion items
giant plasma tv
expensive sports car
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