The Mandatory Waiting Period

One of the best ways to control your spending is to force yourself to use a mandatory waiting period before making any unnecessary purchases. Tell yourself that you will buy nothing until that waiting period is up. A waiting period gives you time to cool off, get away from the temptation, review your finances, and decide if you really, really want and can afford this thing that has you so captivated in the store. A waiting period can save you a lot of money (or time on the return lane when you decide to return the thing because you really didn’t want it anyway).

The first thing to do is to decide how long your waiting period will be. I like to use two weeks because I find that two wee

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3 Responses to The Mandatory Waiting Period

  1. Jay Gatsby says:

    My system is actually a bit simpler. I just ask myself, “do I need it”? Need is a relative term, but this question always makes me pause before making a purchase. It also keeps me from falling into the trap of buying what is merely popular, instead of what is practical.

  2. Monkey Mama says:

    I suppose I am with Jay.

    I think this is a good place to start, for people struggling with unnecessary purchases, etc.

    For me, it’s not very conscious. I just never buy things willy nilly. I usually decide I need/want something, spend time searching out the best brand/type for value, then search out sales, etc. It is extremely rare that I just walk into a store and buy something without a LOT of premeditation.

  3. Jenn Davis says:

    I think a waiting period is a great idea! I know I often buy things on impulse that I later don’t use very much.

    For me though, two weeks might be too long a waiting period. I don’t allow myself to buy anything I don’t *need* on my first trip to a store. Then, if I’m back at that store later and still want the item, I’ll buy it then.

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