The 30-day rule is an easy method to control impulse buying. Here’s how it works:
- Whenever you feel the urge to buy — whether it’s for new shoes, a new gadget, or a new car — think first and stop. If you are already holding the item, return it and leave the store.
- When you get home, take a piece of paper. Write down the item, the store and the price.
- After that, hang it on somewhere obvious, the fridge or calendar, or anywhere.
- For the next 30 days, think again if you really want the item, but do not buy it yet.
- If at the end of a month the urge is still there, then consider buying it already. (But please do not use a credit card)
That’s the 30-day rule and it is surprisingly effective. This saves you from grief.