Try The 30 Day Spending Rule and Challenge Yourself To Say No

Commit to a 30 day rule before you purchase something big

We have all done it: we make impulse buys and have buyers remorse. We spend money on things when it is not an essential expenditure or does not bring any value to us. We don't budget well, so we end up neglecting our financial future with impulse spending. 

By changing your spending habits and mindset, you can prioritise what is actually important and help build yourself a better future. No, it doesn't mean going without or never buying anything nice; it's all about mindset and valuing what you do buy.

The concept behind the 30-Day Rule is so simple yet very powerful. It is a deliberate wait between the moment you desire an item and the moment you make the purchase. By doing this, you can truly decide whether the item is truly needed. By waiting, you will break free from your impulsive urges and make more mindful decisions.

This also gives you the time to do some research on the purchase you think you need, such as price comparisons and reading reviews, to make sure that if you really need this item, you are buying it at the best price you can get it for. By taking a pause, you will avoid buyer's remorse and gain clarity about whether the item truly adds value to you or whether it is a purchase you don't actually need.

Next time you feel the desire to buy something that is not an immediate necessity, I want you to commit to waiting 30 days before making the purchase. During this waiting period, I want you to consider the item's importance, evaluate its value, and assess its impact on your life. By waiting, this will help you distinguish between impulsive desires and your genuine needs.

Stop Your Impulse Buying

If you are a consistent impulse buyer, the benefit of the 30-day rule is its ability to break that cycle. Often, your initial enthusiasm for a product will diminish after some time. By introducing a mandatory waiting period, you will give yourself the opportunity to take a step back and evaluate whether the item is truly essential or merely a passing fancy. This time allows you to reassess your priorities and make decisions based on thoughtful consideration rather than immediate gratification.

Over time, your mindset and your spending habits will start to change towards more intentional and deliberate spending habits. Instead of succumbing to the pressure of instant gratification, you will learn to appreciate delayed gratification. You will end up becoming more aware of your true desires and needs, rather than being swayed by trends or external influences. This shift in perspective cultivates a sense of contentment as you realise that you can find fulfillment in what you already have rather than constantly seeking more.

By implementing this way of thinking, it will also have a positive knock on impact on your finances. You will give yourself the opportunity to consider any potential implications of your purchase. Does it fit in your budget? Will it actually add value to your life? Will it contribute positively to your overall financial well-being? By asking yourself questions such as those, you will promote more responsible financial habits, leading to greater financial stability in the long run.

All of this does not mean you have to deprive yourself or go without! It is simply about regaining control over your spending habits and making choices that reflect your priorities. By waiting 30 days, you will empower yourself to make more informed decisions, ensuring that your purchases enhance your life rather than burdening you with unnecessary clutter or regret.

If you need some budgeting help, check out these articles as well.

How To Become Debt Free 

A-Z Of Budgeting

5 Budgeting Tips

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