Put A 30-Day Delay On All Impulse Purchases To Ensure You Really Need It

Put A 30-Day Delay On All Impulse Purchases To Ensure You Really Need It

Most stores would like you to think that impulse buying is limited to sodas and candy at the checkout. In truth, impulse buying is anything you weren’t planning on buying already. If you want to know whether the thing you’re about to spend money on is really important, wait a month first.

As personal finance blog Be More With Less points out, waiting thirty days can mean the difference between desperately wanting something, and forgetting it ever existed. Sure, it may be on sale right now, but you’re not saving money if you’re buying something you don’t need. If you really do want or need that item, it will probably still be there in a month:

Timing is everything, especially when it comes to an impulse purchase. Delay the purchase for 30 days and see if you are still as passionate about the purchase as you were initially. You may discover there is more joy in living without.

Of course, that’s not to say that all expenditures ever should be delayed. Pay your rent on time. Get your car fixed when it breaks. However, for unplanned purchases or nice-to-haves, your choices will be the most biased in favour of spending in the heat of the moment. If you really want to save money, get in the habit of waiting to buy the thing you want.

10 Ways to Help You Stop Shopping for a While [Be More With Less via Rockstar Finance]


The Cheapest NBN 50 Plans

Here are the cheapest plans available for Australia’s most popular NBN speed tier.

At Lifehacker, we independently select and write about stuff we love and think you'll like too. We have affiliate and advertising partnerships, which means we may collect a share of sales or other compensation from the links on this page. BTW – prices are accurate and items in stock at the time of posting.

Comments