Want to make more thoughtful purchases? Follow the 30/30 rule. If something costs more than $30, ask yourself if you can go without it for 30 hours. For purchases over $100, wait 30 days. This rule helps break the cycle of impulse buying and leads to a clutter-free life and improved financial well-being. Take the time to assess whether the purchase will add value to your life before making a decision.
What is the 30 30 30 rule?
Have you ever found yourself impulsively buying something that you didn’t really need, only to regret it later? We’ve all been there. In today’s world, we’re constantly bombarded with advertisements and promotions that make us feel like we need the latest gadget or fashion trend. That’s where the 30 30 30 rule comes in.
The 30 30 30 rule is a simple concept that can help you make more thoughtful and intentional purchasing decisions. It goes like this: if something you want costs more than $30, ask yourself whether you can get by without it for the next 30 hours. This extra time allows you to assess whether or not the new thing will truly add value to your life. If it’s $100 or more, wait 30 days to make the decision.
Why the 30 30 30 rule works
Impulse buying is a common problem for many of us. We see something we like, and we want it right away. But often, these purchases end up being a waste of money and clutter in our lives. The 30 30 30 rule helps to break this cycle by forcing us to pause and consider whether we really need the item in question.
By waiting 30 hours or 30 days, we give ourselves time to reflect on our decision. We can ask ourselves questions like: Will this item improve my life in a meaningful way? Can I afford it without sacrificing other important expenses? Do I already have something similar that serves the same purpose?
How to apply the 30 30 30 rule
The 30 30 30 rule can be applied to any type of purchase, whether it’s a new outfit, a piece of furniture, or a fancy kitchen gadget. Here’s how to use it in practice:
1. Identify the item you want to buy and its cost.
2. Ask yourself whether you can get by without it for the next 30 hours (or 30 days if it’s $100 or more).
3. During this waiting period, consider whether the item will truly add value to your life.
4. If you still want the item after the waiting period, go ahead and make the purchase.
The benefits of the 30 30 30 rule
The 30 30 30 rule has several benefits that go beyond just saving you money. Here are some of the main advantages:
1. It helps you make more thoughtful and intentional purchasing decisions.
2. It reduces clutter in your life by preventing unnecessary purchases.
3. It helps you save money by avoiding impulse buys.
4. It can improve your overall financial well-being by encouraging you to prioritize your spending.
The 30 30 30 rule is a simple yet effective tool that can help you make better purchasing decisions. By taking a step back and giving yourself time to reflect, you can avoid impulse buys and focus on the things that truly matter to you. So next time you’re tempted to make a purchase, remember the 30 30 30 rule and give yourself the time you need to make the right decision.
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