Tip #16 – Cancel any large purchase this month

Cancel/defer any large purchase you were planning for this month. You’re basically using time as a strategic barrier against yourself. Set a reminder to check in 30 days if you still need the item. A couple things will probably happen when you do this: First, prices will probably drop. Second, chances are you’ll realize you didn’t really need it — especially as your savings start to grow. If you’re canceling getting a new BBQ, get your family involved to show them why you’re doing it and what payoff they can expect. Maybe you take $10 (of the $200 you would have spent) and put it towards a vacation fund. The point is to borrow from each of these tips and tailor them to you.

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