Struggling under debt, or want to save up to buy a home? The RM 100/24-hour rule is great to help ward off temptation. If you’re tempted to buy something that costs more than $100, commit to waiting for 24 hours before buying it. Then, weigh up your options:
• Do you really need it?
• Do you have the cash on hand?
• Will you need to borrow from your budget?
• Will you have to go into debt to buy it (credit or store cards, etc)?
• Can you raise the money to buy it (work overtime, a garage sale)?
