We need more money for basic needs than ever before. Not only the basic costs of living, such as shelter and food, cost more, but we also keep wanting more and more stuff that’s not actually necessary. If you want to have more money in the bank at the end of the month, the key is to stop all those mindless purchases that look trivial but add up quickly.
The best method we could find for not spending money on things that you don’t even want, let alone need, is a 24-hour rule. This rule is popular among wealthy people and it really works. The best of all – it’s insanely simple and you don’t need any special skills to start applying it. You can do it right now.
The rule says that, every time you want to buy something, you should wait 24 hours before doing it. Just by waiting that one day, you’ll prevent 90% of impulse purchases that equal money thrown in the trash.
After 24 hours have passed, you’ll reailze one of these things:
- you still you want the item and think you really need it, in which case you buy it;
- you realize that you don’t actually want or need the item so you don’t buy it;
- you completely forget about the item you were obsessing about only a day ago.
Give it a try and see if it works for you!