Let me start by saying that I’m probably more emotionally invested in Oklahoma Sooners football than I should be. Today, we lost to our arch rival, the Texas Longhorns. It was unexpected, and it sucks.
Several years ago, we were in the market for a car. We decided to go look at some after a similar loss. We ended up purchasing a car that we regretted a few months down the road. It was too expensive, and it wasn’t even what we really wanted. Looking back, we were bummed by our team’s loss, and it really clouded our judgement on that one. We wanted to feel better, and the car was exciting.
You may or may not be into football, but this advice holds true for everyone. Whether it’s a positive or negative emotional event, make it a point to put off big financial decisions until you come back down to earth.