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 waiting in line, or not ordering pizza.
- After curbing junk food purchases, one can work towards clothes, shoes, video games, and the biggest culprit of them all: The Urge to upgrade your smartphone.
- Write down the item you feel like buying and place it where you can reflect on the purchase, setting yourself a goal of waiting 30 days.
- Stay committed and challenge yourself to buy debt-free whenever you can, after you wait 30 days.
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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...
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...
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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