Comments on: The $100-A-Day-Rule Prevents Impulse Buying

By: Rao

Rao — Fri, 09 Oct 2009 04:47:12 +0000

hi,
there is another way to limit our impulse buying, my way is “Save and Buy or Buy and Save” (most of the times i first buy the item and will start saving), here is how i purchased PSP for my son, i ordered a badminton racket at an usual price of $130, but i was given a 30% discount for some reason.(saved 39)i received a cheque for $70 from MSIG as i didn’t claim any thing for the year 2008.(saved 70). one day i was almost step into kentucky for 2pc chik meal and remember my PSP and back to home, cooked.(saved $5)stopped myself to go out for window shopping and saved bus fare to nearest shopping centre.(saved $2) and goes on….mostly each saving will be few dollars only and during this period, i ll have good time to research on the product and know where to buy at cheaper price etc. looks funny but it working for me….

By: Save Money Hound

Save Money Hound — Sat, 19 Sep 2009 01:15:24 +0000

Good way to resist impulse buying. Especially for big purchases, it is a good idea to have a cooling off period. Walk away from the shops. Have a think about it, and see whether you feel the same the next week about buying that big purchase.

By: best rate source

best rate source — Fri, 11 Sep 2009 01:48:45 +0000

Curious if you are still following thru with this..Its a great strategy to curb impulse buying. Utilizing the extra time to shop around and price compare will pay off in the long run and help to avoid the buyers remorse down the road

By: best rate source

best rate source — Fri, 11 Sep 2009 01:45:40 +0000

Are you still following thru with this, it seems like a great way to curb impulse purchases…personal experience has helped that shopping around can help you make the right purchase, at the right price with less regret down the road.

By: finance articles

finance articles — Mon, 06 Jul 2009 14:34:29 +0000

I appreciate the post. Never considered some of these ideas until now. Nice one.

By: Domestic CFO in Oz

Domestic CFO in Oz — Fri, 03 Jul 2009 03:32:00 +0000

How do you think this works when there are short-term sales on for an item? The “seize the moment” consideration…

Or does it work by considering that you have already put in the time and research before actually hitting the shops and finding the acceptable price?

(as someone who’s highly averse to spending time in retail environments, I never look at items without having first considered a need or otherwise for a few weeks or more…)

By: dotacje unijne

dotacje unijne — Thu, 31 Jul 2008 16:15:15 +0000

Very useful rule. I`ve started using this and realized what power it has!
Thx for this post!
regards,
DU

By: Learn About Law

Learn About Law — Sun, 01 Jun 2008 03:05:04 +0000

Kudos to you. I am a personal finance author, and this idea never occured to me. Well, it’ll definitely work for me if I can have the discipline to implement it.

By: The Bill Manager

The Bill Manager — Tue, 27 May 2008 22:31:45 +0000

I love this idea. I’m just like you, I tend to buy things on impulse and then be stuck with the payments. The only thing I did is I started buying things only if I had the cash to pay it at once. But that only started to kill my savings by buying things “because I have the money”. I’m going to try your $100-A-Day-Rule

Great advice

By: Caroline

Caroline — Wed, 21 May 2008 20:51:55 +0000

I like the idea, but I have a question…
let’s say you want a new 2000 tv, but 10 days into you decide to buy a 900 tv. Do you wait 9 more days?