The 30-Day Savings Rule - Easy Step by Step Guide to Save More Money

1. The 30-Day Savings Rule – Easy Step by Step Guide to Save More Money Whether you want to save more money or stop living paycheck to paycheck, this comfortable and unique saving strategy will transform your financial game. A lot of times, we buy on impulse, like we are on autopilot mode, and this is usually based on emotions. For instance, when you went grocery shopping one day, you passed by a shoe store right next to it. Your original plan was to check walk in the grocery store and get all items on your list, but you decided to walk into the shoe store to browse through. The outcome is you giving in to the tiny voice in your head telling you to just go ahead and buy some shoes and you end up walking out with a bag of shoes you didn’t even plan to buy or need. Sounds familiar? After a couple of days, there’s a pang of guilt that engulfs you, and you wonder where all your money went. And the cycle goes on and on. My friend, you’ve got to break that cycle and get that habit out of your system! Keep reading about the 30-Day Savings Rule to learn how. What is the 30-Day Savings Rule? The 30-Day Savings Rule is one of the easiest ways to save more money effectively. The primary purpose is to instill into your mindset the value of waiting.

2. Whenever you feel like buying a particular item, you shouldn’t immediately purchase it without giving it a second thought. Make a mental note or a real post-it note about its price, location, and features. Deposit the amount to your savings account first. Then wait for 30 days (1 month) before making any purchasing decisions. If you still want the item after the said lead time, go ahead and buy it. Otherwise, it stays in your savings account and boom! Easy money saved. Doing this helps get in the habit of delayed gratification and saves you from buyer’s remorse. Buyer’s remorse is when you feel regret right after purchasing. It can be overwhelming at times and makes you uneasy to the point of questioning if your purchase was worth it. Most of the time, people are so accustomed to instant gratification and temporary bliss because that’s how the human mind has always worked. That’s why it will take a lot of determination and willpower to follow this rule.

3. Why use the 30-Day Savings Rule to save money? If you’re looking for more ways to save money, this is a good starting point. Besides, 30 days is enough time to make an informed and rational decision. You get to control impulse buying and spending with the 30-Day Savings Rule and save more money! You’ll also have peace of mind knowing that you won’t wonder where all your money goes. What’s in it for you? •Satisfaction: You gain a sense of pride once you successfully implement the rule for yourself, and after 30 days, you will honestly know whether you want that item and so will treasure it a bit more. •Consideration time: Delaying your purchase by 30 days gives you time to consider whether it’s something you need, or whether in reality, it’s just a want. Besides, even if you want it enough to buy it still, at least it’s no longer an impulse purchase but now a well-considered delayed purchase. •No self-depriving– The 30-Day savings rule works so well because you’re not depriving yourself. You get to say no to yourself for a little while without any feelings of self-deprivation. It’s a win-win situation, yay! Eventually, you either buy something you truly long for after the month-long wait, or you save an extra bit of money. How to get started? How do the 30-Day Savings Rule Work? The 30-Day Savings Rule is easier than you think. Let me walk you through each easy step.

4. Step 1 –Whenever you’re in a situation that calls for potential impulse buying, check in with yourself first. Ask yourself, will it really be worth the price, or will it just hurt my budget? Take time to assess the situation and your current emotions. After that, try to take down notes of all the details of that item. Its price, location, features, and so on. Step 2 – Next, put the exact amount this item costs into a separate savings account – this is what you will use to buy it after 30 days if you still want it. Step 3– Then make a note of the start and end dates of your 30 days period. Step 4– After that, keep your notes someplace visible so you can consider those items during the following months. You can post it on your fridge, on your desktop; anywhere you have easy access to it. Step 5– After 30 days, make your decision. Are you finally going to buy it or keep the savings?

5. Thinking deeply about the item/s is crucial because you can assess whether it will be worth it, how it will be of use to you, do you need it, and how will it enhance your life. Keep in mind that the 30-Day Savings rule will be futile if you can’t afford to buy the item in the first place. The bottom line is that this rule will help you to be better at your financial decisions. You can’t improve if you are going into debt for something, which may only be a want and not a need for you. 5 Tips to help you succeed with the 30-day savings rule 1.Don’t write down the items. I know this is somewhat contradicting the above steps but think about it. Out of sight, out of mind! If you can’t remember it after a month, then you aren’t that serious about actually buying it. It’s a false want or a need. Makes sense, right? 2.Shop online. Fill your online cart with all the things you think you want or

6. need but are hesitant to buy, then exit your browser or app and forget about it. 3.Put the item on your birthday list or Christmas wish list. This tip is also one right way to save. You get your desired item as a gift at the expense of someone else, none other than your dear loved ones. 4.Do not take cash or use your cards. Avoid taking excess cash with you, and do not use your credit cards when you go out. That way, you won’t be tempted to make any further purchases. 5.Do more Research. When you find something you want to buy, take or save a picture of it and find some other thrift store that may offer it for a lower price. Make Saving a Challenge If you’re someone who loves taking on challenges, why not take your savings to another level? Like a Money-Saving Challenge? Qapital is a money app that helps to reach complete your savings challenges with set-and-forget rules other fun rules to supercharge your savings. The following are a few simple yet effective ideas on how to save money successfully.

7. ○ Save Spare Change Challenge For any spare coins or cash you get from every purchase, save it in your piggy bank or savings jar. Better yet use an app like Acorns to automatically do this for you. You’ll be surprised by how much you can accumulate over time. ○ No Dining Out Challenge Instead of eating out, try to be creative by making your meal at home. Use free coupons or saving apps at any local grocery and food stores. You can save a tremendous amount of dollars just by staying and eating at home. ○ Save $500 in 30 Days. With this money-saving challenge, you can save $500 in just a month! By cutting back on your expenses and saving just a little every day, this money challenge is attainable. You can start every day by saving $17 daily or $125 weekly.