Here's why the $1-per-use rule works better than a budget.
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00:00So the dollar rule, actually I'll use this jacket as an example, so I found this jacket on sale,
00:04it was I think $30 and marked down, so I'm like, I love all these like clearance sales,
00:10but the dollar rule simply says that if you buy something, it's usually clothing,
00:14like household items, tech items, furniture, stuff like that. If you try to make it a dollar per use,
00:21then I say green light, go ahead and buy it, don't overthink it. So for example,
00:27this jacket was $30, like is it possible for me that I will wear it 30 times? And even if I don't
00:32actually wear it the full 30 times, the whole point is like, am I going to get enough use out
00:35of it that I should actually go buy it? What happened with the dollar rule is that a lot of
00:39other personal finance folks were like shaming you and like slapping you in the wrist and saying
00:42don't buy these things. The intent of the dollar rule is actually to give you permission to buy
00:46things as long as you use them well.