The burning desire to have some something and have it immediately is only human. But resisting the temptation to spend hastily is a surefire money saver. Here’s an easy way to help you resist the urge to splurge and make sure that when you do spend your money it’s a necessary or meaningful purchase.
You can illuminate impulse spending when you use the 30 day rule, here’s how:
Pause.
It’s not easy but make it a habit to pause before you make a significant purchase. This helps to calm emotions and prevent any buyer’s remorse later on.
Record.
Write down what it is you would like to buy, where you found it and what the asking price is.
Wait it out.
If it’s not an emergency or time-sensitive purchase, wait it out for 30 days. Time will help you decide what the purchase is worth to you. With all the excitement of a potential purchase or special offer it’s easy to let your emotions get the better of you and spend money impulsively. The next time you need to avoid an impulse buy, try these techniques to control your emotions:
- Consult your partner, significant other or close friend. Their opinion will help to determine if a purchase is unnecessary.
- Research your purchase. Read reviews and find out as much about it as possible. This information will either confirm your desire or flash the warning signs that it might not be as grand a purchase as the salesperson promised.
- Compare the cost of your purchase with what else is out there; if you can get the same thing for less, there’s a chance you’re being seduced by a poplar ‘must have’ brand name.
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