What is the 30 Day Rule for Saving Money?

You find something that you REALLY want to buy. Perhaps it is a bigger purchase than you normally make. Or maybe you don’t quite have the money in your budget to buy it. What is a financially smart person to do? Consider implementing a 30-day rule for saving money!

Implementing the 30 day rule for saving money will allow you time to save up the money you need for the purchase, give you perspective and most likely save you from regretting a big impulsive purchase.

What is the 30 day rule? Simply put, the 30 day rule is this: When you want to buy something, instead of purchasing it right then, you don’t buy it. Over the next 30 days, you take the time to save up the entire amount of money you need for the purchase.

How can the 30 day rule save you money?

1. It prevents impulse purchases that you might later regret: Gone are the days of realizing that you bought something you will never use. 30 days gives you plenty of time and distance to decide if what you want is a product that will be worth the cost.

The 30-day rule is a wonderful way to keep your spending habits in check. If you are prone to impulse purchases or tend to go over your budget, the 30-day rule will help you to refocus sloppy spending habits into more conscientious budgeting.

Why use the 30-day rule?

When would the 30-day savings challenge come in handy?

The 30-day savings challenge is helpful for anyone beginning to use a budget. When you go from overspending to working within monetary guidelines, the adjustment period can be painful.

What are the other benefits to saving money in 30 days?

One potential benefit of waiting to spend money is that the item you want could possibly go on sale and you could save money. Waiting will also give you time to do research to decide if there is a better option.

Swipe Up for more Money Saving Tips

Check out how we save over $31,000 in a year for free straight to your inbox!

Stop Inflation In It's Tracks!

Watch More Frugal and Money Saving Stories

The Best Affordable Laundry Detergent

Frugal Family Recipes with 5 Ingredients or Less!

Check Out The Full  Articles Here

The Best Affordable Laundry Detergent

Frugal Family Recipes with 5 Ingredients or Less!