I loved this frugal tip from paid twice to take the 10 second rule and apply it to your spending. On my frugal journey, I use this same method every week. I used to do my shopping on Sunday as I was excited to hit the stores and score all the best deals. I usually wait at least a day now to do my shopping and it is funny how the hot deals become less and less exciting with each day that passes. I used to get a little carried away trying to hit every store and get every deal and now I have learned that every deal will come again.
The other method I use when evaluating a purchase is to remember my husband’s hourly pay. If I am considering a $120 haircut and highlight, I stop and force myself to do the math on how many hours of his time it took to generate that amount.
For example, if you make $20/hr it would take 6 hours of work to pay for that trip to the salon. This helps me put things in perspective and helps me to evaluate whether the expense is really necessary.
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These are good tips, I like the idea to calculate how much you’d have to work to pay for a certain item! I can see that it would make me rethink certain things!
Great tips! Thanks for sharing!
~Liz