Friday, January 24, 2014

Frugal Friday: 30 day rule

Here is a little frugal tip that you may already know but might not be putting in to practice. Instead of purchasing something 'on a whim', wait 30 days and re-evaluate at that time. This goes for online orders too!! It seems online impulse buys are even easier to get sucked in to since it only takes one click and the purchaser is quite removed from handling money.

After 30 days, think: do you still think you need the item? If so, what is the most economical way to purchase the item? Is it something you have to have new? Or can you take some more time to find a good one, used? Or maybe a friend or family member has the item and is willing to give it to you? Or share it with you? It's worth investigating.

Try to never purchase anything on impulse.

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