CA's one question money test could help avoid 'financial trap' and 'broke' future. 'Will save years of regret'

In a world where financial decisions often hinge on impulse and emotion, a simple test by a chartered accountant could help people avoid financial mistakes and long-term money stress. CA Nitin Kaushik, through a post on X (formerly Twitter), shared what he called the “most underrated money rule” — a single question that can prevent years of regret and keep one’s finances secure.

The Simple Rule Behind Smarter Spending
Kaushik’s post has gained traction for its straightforward message: “If you can’t buy it twice, you probably can’t afford it once.” He explained that this principle applies to everything from big-ticket purchases like cars and luxury watches to experiences such as dream vacations. The idea, he said, is not to suppress spending but to make it conscious and sustainable.

According to Kaushik, the feeling of financial anxiety that often follows such purchases is a sign that the expense isn’t a reward but a liability. “If spending on it makes you anxious — it’s not a reward, it’s a liability,” he wrote, stressing that true wealth comes from financial stability, not material display.


Why the “Buy It Twice” Test Matters
This one-question test forces individuals to evaluate whether their spending aligns with their financial security. Kaushik pointed out that the difference between the wealthy and the financially strained often lies in how they manage lifestyle expenses. “True wealth isn’t about how much you spend… it’s about how little your lifestyle shakes your finances,” he added.


His perspective underlines a key financial truth — the rich buy without disturbing their wealth, while those struggling financially often spend to appear wealthy, trapping themselves in cycles of debt or insecurity. The rule encourages people to think long-term, avoiding short-lived gratification that can disrupt savings and investments.

Kaushik’s advice goes beyond budgeting; it promotes a mindset shift. Before making any significant purchase, he advises asking, “Can I buy this twice without losing peace of mind?” If the answer is no, the individual is likely stepping into a financial trap.