The 30-Day Rule - Deepstash
The 30-Day Rule

The 30-Day Rule

One can develop healthy spending habits and avoid wasting money by using the simple 30-day rule: Whenever there is an urge to spend on something, just wait for 30 days.

One can buy whatever is required while making sure that the basics of personal financial management (budgeting and doing savings) are covered. The trick is to just wait for a month and then make an assessment of the planned purchase.

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aniyah_uj

"Money doesn't buy class." ~ Kiana Tom

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Reasoning For The 30-Day Rule

Waiting a month distances us from the planned purchase emotionally, filtering out any impulsive decisions.

Waiting for 30 days before making any purchase makes us use our discipline, foresight, planning and restraint, and would feel exactly like curbing our urge to eat jun...

Steps For Implementing The 30-Day Rule

  1. Review your spending, taking an inventory of all your purchases. This provides a better understanding of where the money goes.
  2. Start to look at what all spending can be curbed (it will be a lot) and one can start small, like by not buying the candy at the grocery store while waitin...

The 30-day rule

For more expensive items simply choose to wait 30 days after your first serious impulse before buying the expensive item, provided that it’s not an essential or emergency need.

Use that time to do a little research and make sure you actually want or will use the item, and also give i...

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