Should I budget for that big ticket item? (as reported by MoneyTalksNews on Mint.com)

It may seem a bit counterintuitive, but based on some recent studies it appears that budgeting for high ticket items may actually lead you to pay more for them in the end! The findings suggest that people who have a dollar amount that they’re willing to pay in mind before they start shopping ignore price and instead focus on quality to make their decision, while people who do not shop first on price end up paying less. This does not mean you should avoid budgeting, but budget in a smarter way. To read the full article, click here.

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