What Is the 30-Day Rule? | Cleveland Bradley County Teachers Federal Credit Union

During the holiday season, it is extremely easy to get into the bad habit of spending more than you make. However, because we get into this bad habit during November, December and even January, it can keep continuing on until it becomes a year-long problem.

Stop! Our team at Cleveland Bradley County Teachers Federal Credit Union wants you to get back on track with your finances by cutting back on impulse buying and being more intentional with your personal finances. The 30-Day Rule may help.

Are You Ready to Live by the 30-Day Rule?

Listen, no one is perfect. We all occasionally let temptation get the best of us—whether it be the Target dollar bins or the entertainment magazines at the grocery store checkout.

But the biggest thing you can do for yourself and your finances is to recognize the problem and start a new path to a smart, financially freeing life.

Let’s take a look at how you can use the 30-day rule in order to conquer your bad habit of impulse shopping:

First, you need to remember what a want is versus a need.

For the most part, many of our purchases fall into the want category and not necessarily the need column. Needs are those items that are essential to daily life, such as:

• Car payment
• Mortgage payment
• Toilet paper
• Food
• Medical care

Then, whenever you go into a store and you have a temptation to purchase something like a new outfit or new video game, stop yourself. Instead of buying the item, write down the item you were tempted to buy, including the store you found it in and the price.

Now you play the waiting game!

If the urge to buy that item is still there after 30 days, then you can think about purchasing it. Odds are, in most cases, that urge to purchase will disappear after a month, meaning you’ll be saving money in the long run.

Visit the Cleveland Bradley County Teachers Federal Credit Union website today to learn about the variety of financial services we offer to meet your needs!