Saving money is a goal to which many people aspire, but it can be tricky to achieve. This is especially the case when spending can often rack up quickly, leaving Britons with a drained bank balance. As the festive season reaches its peak today, people can choose to put bad money habits behind them.
By putting money away and waiting to make a decision, people can eliminate the idea of instant gratification.
This is a concept which prompts many people to buy as soon as they see an item they like, which can lead to massive overspending.
Instead, saving regularly can help people with budgeting, discipline with their money, and better financial decisions.
The 30 day rule is likely to be difficult to keep up with to begin with as Britons adjust their expectations.
According to a study from the European Journal of Social Psychology, it takes an average 66 days for a person’s new behaviour to become automatic.
Therefore, it could mean people could quickly get used to this new method for their finances.
The more occasions an individual actively decides to put money aside, the better they…
