My Finance Street

Financial Literacy is Financial Freedom

Money Tips

Do not buy things you don’t need..

The 7-Day Money Rule

8 thoughts on “Money Tips

    1. 7 days because it is assumed that, after 7 days of waiting if you don’t need the item, the urge to purchase will not be there. This way you can avoid making purchases you probably do not need.

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      1. What if it’s a popular commodity so if you wait till after 7days the item will not be there.

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      2. If it’s a popular commodity you’re making an investment. That’s different. (Unless your definition of a popular commodity varies) The 7-day money rule doesn’t apply to investments. It is to help you avoid impulse buying.

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  1. I go on a date and I don’t plan to have sex but an opportunity presents itself and I need to buy condoms. What’s your advice regarding the 7 day rule on this

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