30-day list: add today’s date and the thing you want to buy right now. After 30 days re-evaluate the list. This stops impulse buying as the feelings tend to go after 3 days.
Source: Top 10 Better Money Habits You Can Build This Year @ lifehacker
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- Control Impulse Spending with the 30-Day Rule @ Get Rich Slowly
Excerpt: The 30-day rule is a simple method to control impulse spending. Here’s how it works:
1. Whenever you feel the urge to splurge – whether it’s for new shoes, a new videogame, or a new car – force yourself to stop. If you’re already holding the item, put it back. Leave the store.
2. When you get home, take a piece of paper and write down the name of the item, the store where you found it, and the price. Also write down the date.
3. Now post this note someplace obvious: a calendar, the fridge, a bulletin board. (I use a text file on my computer.)
4. For the next thirty days, think whether you really want the item, but do not buy it.
5. If, at the end of a month, the urge is still there, then consider purchasing it. (But do not use credit to do so.)
Photo: Shopping by Roderick Eime under Creative Commons license
