The 30 day rule is simple. Whenever you are about to make a purchase, ask yourself if you can wait 30 days before buying it.
If the answer is yes, then put the item on hold and see if you still feel the same way about it in 30 days. This simple rule has helped countless people save money and avoid making impulsive buys.
Why Does It Work?
The 30 day rule works because it allows you to make a more informed decision about your purchase. By waiting 30 days, you give yourself time to do research, compare prices and really think about whether you need or want the item.
Oftentimes, when we make impulsive purchases, we end up regretting them later. The 30 day rule helps to prevent that by giving us time to think things through.
What Can You Buy with the Money You Save?
If you stick to the 30 day rule, you will be surprised at how much money you can save. Let’s say you were thinking about buying a new pair of shoes that cost $100.
If you wait 30 days before buying them, that’s $3.33 per day that you have saved. In one month, you will have saved $100 which is enough to buy the shoes plus some!
How to Stick to It
The best way to stick to the 30 day rule is to have a plan for your savings. When you are tempted to make a purchase, put the money into savings instead.
This way, you can still enjoy your purchase after 30 days and feel good knowing that you saved up for it instead of putting it on credit. Trust me, your future self will thank you!
Conclusion: 30 Day Rule: The Why, What and How
The next time you are about to make a purchase, ask yourself if you can wait 30 days. Chances are, you don’t need it as badly as you think and by waiting just 30 short days, you could save yourself a lot of money!
Give it a try and see for yourself how much the 30 day rule can help you to save. Who knows? You may even find that you don’t want the item anymore!