Time for another tip! Another simple tip, but it is definitely something that has gotten a lot of us in debt or something that keeps us in debt.
Wait before you buy.
Before making a large purchase (think $100+), wait. I say wait at least a week. If you’re looking at a purchase that is a few hundred or even a thousand dollars, wait 3-4 weeks. Often you might find that the urge to buy the item has passed if you just wait a little. If it is a “necessary” purchase (make sure it is truly necessary), allowing yourself that extra time to think it over will allow you to do additional research and make sure that it is really worth the money.
Do you use this strategy when making larger purchases? How does it work for you and your family?