Have you ever made an impulse purchase?
I have too. And it’s okay if the impulse purchase is a candy bar or stick of gun.
But it’s not okay if it’s a new car or something you can’t afford.
How do you avoid making a major impulse purchase?
That’s a good question.
I use a 30-day waiting period.
Let me tell you how it works.
How Do You Use a 30-Day Waiting Period to Save Money?
About every week now, I want to go buy a new car.
And when I say new, I mean new to me. It would be a couple years old.
That’s why I used the car example above.
Every time I bust out the duct tape to rig a new repair or punch the radio to get it to work, I want to get a new car.
But it’s not apart of my plan.
My plan is to get one this time next year.
So what do?
Every time I feel the urge, I tell myself to wait 30 days and see if I still want it.
I still do but 30 days from now I tell myself to wait another 30 days.
And the cycle starts all over.
I focus on getting through the short time frame so a year doesn’t seem as long.
This keeps me on track and helps me stick with the plan.
And it will help you too.
How Does the 30-Day Waiting Period Work?
The 30-day waiting period just gets you past the emotion of the moment.
So you don’t make an emotional decision.
There’s nothing magical about 30 days it’s just a time frame I use.
It’s long enough to get me out of the moment but not so long that it feels like an eternity.
So give it a try.
Everyone has emotional moments of weakness.
The key is to know yourself and recognize those moments.
Using a 30-day waiting period will allow you to step back from the moment and re-evaluate your decision.
If you still want it in 30-days, you may really need it.
Then you can figure out if you can afford it.
Have you ever used the 30-day period and not made the purchase after the 30 days?
If so, let me know what it was in the comments below.
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