The 30-Day Rule: A Great Way to Curb Impulse Spending

Impulsive spending is one of the biggest reasons people fall into credit card debt. Here’s a simple strategy to curb those urges: the 30-day rule. When you feel the urge to buy something that isn’t essential, put it on hold for 30 days. If, after 30 days, you still want the item and can afford it, then consider purchasing it.  This rule helps you separate wants from needs, allowing you to make more thoughtful purchases and reduce unnecessary debt.