Introduction
It is hard for me to reexamine myself since I may be a financial irresponsible person. I had net income over $100,000 from 1999 to 2001, but I had nothing left in 2010, I had to borrow money from home equity line. I did purchase a most expensive laptop in my life and it costed me over $1500 dollars, 12 months interest free in 2001. I like to do a case study on this laptop purchase and how I handled it. I like to analyze my behavior and figure out how to fix the problem.
Case study
It is so tough for me to reexamine my behavior as a consumer. I had a friend who reminded me that I had a laptop in his house in 2014. I did not try to sell it in 2010 when I left Florida and immigrate to Canada. I purchased second laptop in 2003 or 2004 around $500.00 dollars, but I did not choose to sell the expensive one SONY one just after the purchase in 2003. I could not find the receipt, but I did find my SONY laptop receipt.
I still remembered that the first day I went to Motorola in the city of Plantation as an intern in 2001, I took my laptop with me.
I only used the laptop to write one coding assignment for graduate algorithm courses. Most of time I did not write code using my laptop.
This is the impulsive shopping. I did not choose cheap one with discount, waited until on sale. I chose most expensive one on the market and put it on 12 monthly interest free. After the purchase, I did not do follow up to make sure that the laptop was still in good quality, I should continue to use instead of purchasing a new one, cheap one. The series of behaviors I found out are not acceptable for me to review and audit today.
After I came to Canada, my Florida friend asked me to send a photo we took in the Miami to her. I asked my friend in Florida to login the laptop and then found the photo.
Super expensive one
Here is my copy of receipt. I like to document my mistake and then remind myself to be a humble person, and never purchase full retail price of a merchandise.
Actionable Items
It is very important for me to learn and start to document all purchases. I should reduce the risk of waste. Always I should think about purchase of cheap one or used one. I also have to learn to follow up with review, how I use them or do I need to sell them.
Do some research how to celebrate the life event without big purchase like this SONY laptop.
Do some research how to celebrate the life event without big purchase like this SONY laptop.
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