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You can debate whether Jess was the right guy for Rory Gilmore, but experts agree: Gilmore Girls And this is us Actor Milo Ventimiglia has got some help money advice,
When? us weekly Asked Ventimiglia said this about the best financial advice she ever received: “My mom used to tell me, ‘If you really want something, wait until you can’t bear it anymore.'” Her wait now, buy later philosophy resonated with Erica Rasure, chief financial wellness advisor at debt consolidation service Beyond Finance.
“I love this advice,” Rasure said. Independent by email. “I often recommend the ‘pause before shopping’ practice, not as a form of deprivation, but as a way to emotionally regulate. When you still want it after the emotional storm has passed, that clarity helps reveal whether it’s a meaningful desire or simply an impulsive interaction.”
Forcing yourself to wait to make certain purchases will help you avoid emotional cost and construction better money habits For longer periods of time.
Why waiting benefits your wallet?
Timing is a great way to help you identify purchases that are based solely on emotion and impulse versus purchases that you really need.
“I think this is great advice as it naturally reduces the impulsivity of your decision making, which can be a problem for many people,” said Luther Yates, head of mortgages at UK Expat Mortgage.
The approach not only teaches you to resist impulses, but it can have an impact far beyond your self-control, Yates said.
“In the mortgage industry, we always advise customers to avoid any major purchases (cars, vacations, etc.) in the 3-6 months before taking out a mortgage, as banks don’t like to see impulsive spending – and there’s a reason for that: it’s dangerous,” he said in an email. Independent,
Putting Your Own Spin on Milo’s Mantra
Although Ventimiglia didn’t say how long you should wait, Jim Wang, founder of personal finance site Wallet Hacks, said one to two days is a good baseline.
“A cooling off period of 24-48 hours on things like this is healthy because you’ll often find the urge to buy it… goes away and you forget about it,” Wang explains. Independent Through email. “If you still remember it, that might be a good sign that you really want it.”
Dean Lyulkin, CEO of business financing firm Cardiff, said he often teaches a modified version of Ventimiglia’s approach to his children. Instead of waiting until you can, he suggests taking a more intentional approach.
“For a big need, not a need, we use a simple rule: Stop, write it down, and set a future date to revisit it, but only after tying the purchase to a goal or purpose,” he explains. Independent In an email. “That way, if they still want it later, it feels earned, not like giving in on impulse.”
One drawback of Ventimiglia’s approach, Lyulkin said, is that waiting until you can’t wait any longer is tantamount to surrendering to an emotion rather than waiting for a certain period of time.
“Over time, this trains your brain to associate spending with intention and progress, not with emotional relief,” he said. “This works just as well for adults as it does for teens, because the real skill isn’t patience. It’s learning to turn desire into a deliberate, goal-driven decision.”