25 Money Management Tips for Young People
24. Avoid Impulse Buys
One of the biggest ways for a young person to save money is to avoid those impulse buys when out shopping. Setting ground rules for purchases can go a long way to keeping money in the bank instead of spending through it more quickly than one is making it. One good rule of thumb is to make oneself wait at least a week before making a purchase for more than $100 or 100 Euro for those under 25. The amount may vary based on the individual circumstances, but the same philosophy applies.
