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Major Purchase Decision Framework Checklist

Decision-making framework checklist for evaluating major purchases.

What this tool does

Decision-making framework checklist for evaluating major purchases.

How to use

  1. Work down the list and tick each item as you finish it.
  2. Ticks are saved on this device, in your browser, so they are still there when you come back.

What this checklist covers

The list has 5 groups and 15 items.

  • Need assessment (3 items): Identify the specific problem this purchase solves; Distinguish between a want and a genuine need; Consider alternatives to buying (rent, borrow, repair)
  • Budget analysis (3 items): Determine the maximum amount you can afford; Work out the total cost of ownership (maintenance, insurance and so on); Think through the impact on your emergency fund and savings goals
  • Research (4 items): Compare several options and brands; Read professional and user reviews; Check warranty and return policies; Verify the seller or retailer's reputation
  • Timing (3 items): Allow a cooling-off period before buying; Check for upcoming sales or better deals; Consider seasonal pricing patterns
  • Decision (2 items): Get a second opinion from a trusted person; Confirm the purchase fits your long-term goals

Tip: Use this before any large purchase. Ticks are saved on this device.

Limitations

  • It does not compare products or work out costs. It prompts you to do that yourself.
  • It does not give financial advice or say whether you should buy.
  • Ticks are saved only in this browser on this device.

FAQs

Q: Does the checklist change with my situation?
A: No. It starts as one list of 15 items. It does not ask questions or adapt, but you can add your own items and remove the ones you do not need.
Q: Are my ticks saved?
A: Yes. Ticks are saved in your browser on this device, so they are still there when you come back. They are not sent anywhere and do not follow you to another device or browser.
Q: How do I start again?
A: Untick the items you have done. Clearing your browser data for this site also removes the saved ticks.

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