Set Aside a 30-Day Grace Period for All Impulse Purchases to Make Sure You Really Need Them
Most stores want you to think that impulse purchases are limited to soda and candy at the checkout. In truth, impulse buying is something you haven’t planned to buy yet. If you want to know if what you are going to spend your money on is really important, wait a month first.
As the personal finance blog Be More With Less points out, waiting for thirty days can mean the difference between desperately wanting something and forgetting that it ever existed. Sure, it may be on sale right now, but you are not saving money by buying what you don’t need . If you really want or need this item, it will probably be there in a month:
Timing is everything, especially when it comes to impulse buying. Postpone the purchase for 30 days and see if you are still as passionate about the purchase as you were originally. You may find it is more joy to live without it.
Of course, this does not mean that all expenses should be deferred. Pay your rent on time. Fix your car if it breaks down. However, with regard to unplanned purchases or pleasant things, your choice will be the most preferable in favor of spending in the heat of the moment. If you really want to save money, get in the habit of waiting to buy what you need.