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 junk food, which tastes great at that moment but is not a healthy option for your body in the long run.
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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 a...
Steps For Implementing The 30-Day Rule
- Review your spending, taking an inventory of all your purchases. This provides a better understanding of where the money goes.
- 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...
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