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The one-dollar rule: A personal finance hack for smarter spending
The Street
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5 months ago
The secret to guilt-free shopping comes down to this one simple math equation.
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Sports
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00:00
My favorite rule is called the dollar rule. And what it means is that whenever you go buy an item
00:05
that is perhaps in your household, so like furniture or electronics, as well as clothes
00:11
and accessories, is to see if they fit the dollar rule. So I'll use this as an example. This jacket
00:16
cost me $30 and I asked myself at the store, will this be used at least 30 times? If the answer is
00:23
yes, then don't even think about it anymore. Don't feel guilty. Just go ahead and buy it and move on
00:27
to your next purchasing decision.
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