Set A Cool Down Period – Daily Tip

save money - cool down periodWhen I was growing up and used to get into a fight with my younger sister, my mom would always separate us into two different rooms for an hour for a “cooling down” period. This same concept can be effectively used to help you from purchasing things you don’t need.

The “cool down” concept is quite simple. If you come across an item in the store that you absolutely have to have that costs over a certain amount (you can determine the exact amount depending on your situation – we use a $100 amount as the default in our family), you simply tell yourself you have to wait a week (or whatever period of time you feel is appropriate) before you can buy it.

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2 Responses to Set A Cool Down Period – Daily Tip

  1. Gloria says:

    How neat! I actually did this task today….went to walmart to buy and replace flat tires. We had to wait, so we walked around for a bit and realized we had to buy a gift for my daughters birthday…..but then things appeared in the basket that weren’t in our budget. I then looked at my husband and said “I have some gift cards on line…let me see what I can do to get them there”….so we put the other items back. They are online by the way and because I have gift cards I wont spend a dime on those items (free shipping and all).

  2. Champion Cheapskate says:

    Freeze that urge to splurge. Good idea, more people should follow your lead. The money they save would be their own :)

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