Save $$$ With the 30-Day Rule - Financial Hacks #shorts
10Another money-saving hack for young adults is the "30-Day Rule." This technique helps curb impulse spending and encourages mindful purchasing decisions.
Here's how to implement the 30-Day Rule:
Identify a non-essential item you want to buy, like new clothing, gadgets, or entertainment items.
Instead of purchasing it immediately, make a note of the item, its price, and the date on your phone or in a journal.
Wait for 30 days, and during this time, consider if you truly need the item or if it's just an impulse purchase.
After the 30-day period, re-evaluate your desire for the item. If you still feel it's a worthwhile purchase, go ahead and buy it. However, you may find that the urge to buy it has passed, and you can save the money instead.
By implementing the 30-Day Rule, you can develop better spending habits, prioritize your expenses, and save money by avoiding unnecessary purchases.
#financialhack #hacks #shorts