The Saving Power of Waiting 24 Hoursposted by Andrea | 11/13/2012
It’s THAT time of year when there are so many sales and “great deals” that it’s often easy to make quick decisions and impulse purchases that we later regret… and yes I say “we” because I’m writing this post from experience
Plus, many of the sales have an extremely limited time-frame (some are just for a few hours) so we feel like we NEED to grab the deal now otherwise we’ll miss out.
Well, that’s exactly what marketers want us to think!
Dave and I have made at least a couple impulse purchases over the past 6+ years — some of them more costly than others. However, as much as possible, we try to resist these purchases by giving ourselves 24 hours to think about it before we shell out the cash.
If we really want the item badly enough, we’ll get out the next day to go purchase it. If it’s not worth the extra trip, then it probably would just be another impulse purchase that we might end up regretting later on down the road.
For example, this past Friday, Nora and I hit up a few thrift stores with high hopes of finding the “perfect chair” for a corner in our office. I found a couple that I sort of liked, but they were too expensive. Then I found one that I liked, for only $30 — but it would still take a little TLC to be ready to use.
I thought about just making the purchase, figuring it really wasn’t that much money… but then I stopped and silently reminded myself to wait 24 hours. Of course, by the time Saturday rolled around, the chair was a distant memory and not worth the trip back to the thrift store.
I’m in no rush for a chair. Our office functions just fine without a comfy chair in the corner, and I saved myself $30 by simply waiting 24 hours.
Obviously there are some situations that don’t require waiting 24 hours — like when you’ve already done your research and know exactly what you want and now it’s FINALLY on sale… but for the most part, I think this is a pretty good rule to follow.
Of course, waiting 24 hours might mean the item is already sold when you decide to go back the next day, but in those situations, I figured it’s just not meant to be.
It’s such a simple concept — and I know it’s saved us hundreds of dollars on impulse purchases!