Do you only buy what you need?
Those who regularly use tools can be easily tempted by deals and sales pitches. Sure a 40-piece socket wrench set is an incredible find if you have a regular need for it. Otherwise, make it a habit to only buy what you need. Also, consider the convenience of borrowing or renting tools. For example, you may have a few branches to trim in your backyard, which could require a saw. You can invest in a saw, but how many times will you actually need it? It may be more cost effective to rent the saw, which saves money from buying as well as the investment in what’s needed to maintain the tool.
