Use the 1% Spending Rule to Save Money

As a way to help curb impulsive spending, many people have a “24-hour wait” rule on big purchases, but one problem is that it can be impractical, as “big purchases” is ill-defined. That’s where the 1% rule of spending helps: You still wait a day, but only for purchases that are over 1% of your salary. Here’s how it…

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