May 30, 2020
This week, I’m talking about re-evaluating your spending priorities during COVID-19.
Today, I’m talking about why COVID Is a Once-In-A-Lifetime Opportunity To Break Your Bad Spending Habits. When it comes to habits and lifestyle changes, a good rule of thumb to remember is the 21/90 rule. The 21/90 rule states that it takes 21 days to make a habit and 90 days to make a lifestyle. So if you can form a new habit and break an old habit in 21 days, then commit to your new habit for 90 days, it will become a part of your daily routine and will become easier to stick to in the long-run.
Did you used to spend $30 a week on Starbucks runs 4 times a week? Or did you mindlessly wander through Target when you were just there to buy laundry detergent, but you left with a swimsuit you’ll never wear, a book you’ll never read, and an amazingly good smelling candle you definitely don’t need. (Guilty!)
But because we are all thrown out of our normal, mindless daily routines, it's an amazing time for breaking some of those bad spending habits that we fell into before when the world was our oyster.
What are some of your old spending and shopping behaviors that were only hurting your ability to allocate your money and your time to what mattered most to you? Since we are all naturally forced to get away from those sometimes destructive habits, it’s an ideal time for cleansing and for shedding those habits that are not serving us well or our wallets, since many of these habits we’ve been forced to break by the 21/90 rule by being stuck at home anyways.
That’s it for today. Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip.
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