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.

Click the link to return to Finance Footing home.