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CTDL 173: Kill impulse purchasing

I love this idea for curbing frivolous spending:

The No Credit Needed financial blog suggests a “$100 rule,” in which any purchase price is divided by that amount and considered for that many days—a $300 PlayStation 3 gets re-considered for three days, a $1,400 MacBook is delayed for two weeks of researching, and so forth.

[From Money: Apply the $100 Rule to Kill Impulse Purchases]

Granted, as somebody who waits a long time to make a big purchase ANYWAY, I may have to modify it to 3 days per $100, or a week per $100, but the principle is what I like: Institute something that gives you time to not spend money you don’t have.

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